ChannelAdvisor Corp (ECOM) Receives $18.17 Consensus PT from Brokerages

Shares of ChannelAdvisor Corp (NYSE:ECOM) have earned an average rating of “Buy” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $18.17.

A number of research analysts recently issued reports on ECOM shares. Needham & Company LLC boosted their price objective on ChannelAdvisor from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, August 10th. B. Riley set a $18.00 price objective on ChannelAdvisor and gave the company a “buy” rating in a research note on Friday, August 10th. ValuEngine upgraded ChannelAdvisor from a “hold” rating to a “buy” rating in a research note on Monday, October 8th. Finally, Zacks Investment Research upgraded ChannelAdvisor from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, August 15th.

Shares of ChannelAdvisor stock traded down $0.33 during trading hours on Thursday, reaching $10.48. 1,685 shares of the stock traded hands, compared to its average volume of 136,372. The company has a market cap of $293.61 million, a P/E ratio of -20.17 and a beta of 0.32. ChannelAdvisor has a one year low of $8.38 and a one year high of $15.63. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.02.

ChannelAdvisor (NYSE:ECOM) last released its quarterly earnings results on Thursday, November 8th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.06. The business had revenue of $32.30 million during the quarter, compared to the consensus estimate of $31.64 million. ChannelAdvisor had a negative return on equity of 10.13% and a negative net margin of 6.64%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.15) EPS. Research analysts anticipate that ChannelAdvisor will post -0.34 EPS for the current fiscal year.

In related news, insider M Scot Wingo sold 4,700 shares of the business’s stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $12.06, for a total transaction of $56,682.00. Following the completion of the transaction, the insider now directly owns 648,971 shares in the company, valued at approximately $7,826,590.26. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 7.80% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ECOM. Jefferies Group LLC purchased a new stake in shares of ChannelAdvisor during the 3rd quarter worth approximately $135,000. Trexquant Investment LP purchased a new stake in shares of ChannelAdvisor during the 3rd quarter worth approximately $139,000. Globeflex Capital L P purchased a new stake in shares of ChannelAdvisor during the 3rd quarter worth approximately $147,000. Engineers Gate Manager LP purchased a new stake in shares of ChannelAdvisor during the 2nd quarter worth approximately $166,000. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of ChannelAdvisor by 51.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 14,645 shares of the software maker’s stock worth $206,000 after acquiring an additional 4,975 shares in the last quarter. Institutional investors and hedge funds own 74.60% of the company’s stock.

ChannelAdvisor Company Profile

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps retailers and branded manufacturers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.

Further Reading: Diversification in Investing

Analyst Recommendations for ChannelAdvisor (NYSE:ECOM)

Receive News & Ratings for ChannelAdvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ChannelAdvisor and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit