ChannelAdvisor (ECOM) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of ChannelAdvisor (NYSE:ECOM) from a strong-buy rating to a hold rating in a report issued on Tuesday morning, Zacks.com reports.

According to Zacks, “Channel Advisor Corporation offers cloud-based e-commerce solutions and services. It solutions include marketplaces, comparison shopping, paid search, social campaigns, flex feeds, web stores and rich media. The company serves traditional retailers, online retailers, brand manufacturers and advertising agencies. Channel Advisor Corporation is headquartered in Morrisville, North Carolina. “

Separately, ValuEngine raised shares of ChannelAdvisor from a hold rating to a buy rating in a report on Thursday, February 14th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. ChannelAdvisor presently has a consensus rating of Buy and a consensus price target of $18.67.

ECOM stock opened at $11.86 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.06 and a quick ratio of 2.06. ChannelAdvisor has a twelve month low of $9.00 and a twelve month high of $15.63.

ChannelAdvisor (NYSE:ECOM) last released its quarterly earnings data on Wednesday, February 13th. The software maker reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.17. The firm had revenue of $34.79 million during the quarter, compared to the consensus estimate of $34.70 million. ChannelAdvisor had a negative net margin of 5.79% and a negative return on equity of 8.01%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.08 earnings per share. As a group, equities analysts forecast that ChannelAdvisor will post -0.16 EPS for the current fiscal year.

In other news, insider M Scot Wingo sold 50,000 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $12.63, for a total transaction of $631,500.00. Following the completion of the transaction, the insider now owns 643,024 shares of the company’s stock, valued at $8,121,393.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 66,583 shares of company stock valued at $835,596. Corporate insiders own 8.10% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in ECOM. Cannell Capital LLC boosted its holdings in shares of ChannelAdvisor by 1,760.7% during the fourth quarter. Cannell Capital LLC now owns 625,156 shares of the software maker’s stock valued at $7,096,000 after acquiring an additional 591,559 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of ChannelAdvisor during the fourth quarter valued at $1,400,000. Renaissance Technologies LLC boosted its holdings in shares of ChannelAdvisor by 42.3% during the third quarter. Renaissance Technologies LLC now owns 375,659 shares of the software maker’s stock valued at $4,677,000 after acquiring an additional 111,659 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of ChannelAdvisor by 161.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 157,236 shares of the software maker’s stock valued at $1,785,000 after purchasing an additional 96,983 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new stake in shares of ChannelAdvisor during the fourth quarter valued at about $1,069,000. 80.62% of the stock is owned by institutional investors.

ChannelAdvisor Company Profile

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps brands and retailers 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.

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