Amber Road (AMBR) Upgraded to Buy by Zacks Investment Research

Amber Road (NYSE:AMBR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, Zacks.com reports. The brokerage currently has a $15.00 price target on the software maker’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 15.83% from the company’s previous close.

According to Zacks, “Amber Road, Inc. operates as a provider of on-demand Global Trade Management solutions. It offers import and export, global logistics, and trade agreement management solutions worldwide. The Company’s solutions include Enterprise-Class Software, Trade Content, Supply Chain Network, Flexible Technology and SaaS Delivery. It offers its solution to enterprises in various industries, including chemical/pharmaceutical, high technology/electronics, industrial/manufacturing, logistics, oil and gas, and retail/apparel through a software-as-a-service model. Amber Road, Inc. is headquartered in East Rutherford, New Jersey. “

AMBR has been the topic of several other research reports. Needham & Company LLC downgraded Amber Road from a “buy” rating to a “hold” rating and set a $12.95 price target on the stock. in a research note on Tuesday. LADENBURG THALM/SH SH downgraded Amber Road from a “buy” rating to a “neutral” rating in a research note on Monday. Stifel Nicolaus downgraded Amber Road from a “buy” rating to a “hold” rating in a research note on Monday. Finally, ValuEngine upgraded Amber Road from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.98.

AMBR stock traded up $0.01 on Wednesday, hitting $12.95. 1,374,579 shares of the company’s stock were exchanged, compared to its average volume of 235,044. Amber Road has a 12-month low of $7.60 and a 12-month high of $13.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.65. The company has a market cap of $368.34 million, a price-to-earnings ratio of -26.43 and a beta of 0.46.

Amber Road (NYSE:AMBR) last announced its earnings results on Thursday, May 9th. The software maker reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. Amber Road had a negative return on equity of 33.06% and a negative net margin of 12.49%. The firm had revenue of $21.10 million for the quarter, compared to the consensus estimate of $20.62 million. During the same period in the previous year, the business earned ($0.04) EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities research analysts anticipate that Amber Road will post -0.28 earnings per share for the current year.

In other news, CEO James W. Preuninger sold 41,560 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $9.51, for a total value of $395,235.60. Following the completion of the transaction, the chief executive officer now owns 1,713,929 shares of the company’s stock, valued at approximately $16,299,464.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Thomas E. Conway sold 19,986 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $8.71, for a total value of $174,078.06. Following the completion of the transaction, the chief financial officer now directly owns 58,334 shares of the company’s stock, valued at approximately $508,089.14. The disclosure for this sale can be found here. 15.10% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of Amber Road by 12.1% in the 1st quarter. Geode Capital Management LLC now owns 277,305 shares of the software maker’s stock valued at $2,403,000 after buying an additional 29,913 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Amber Road by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 264,155 shares of the software maker’s stock valued at $2,291,000 after buying an additional 4,564 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Amber Road by 20.6% in the 1st quarter. Renaissance Technologies LLC now owns 1,039,100 shares of the software maker’s stock valued at $9,009,000 after buying an additional 177,500 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Amber Road by 95.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 46,700 shares of the software maker’s stock valued at $405,000 after buying an additional 22,800 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Amber Road in the 1st quarter valued at about $89,000. 80.08% of the stock is owned by institutional investors and hedge funds.

Amber Road Company Profile

Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. The company's GTM solutions include modules, such as import management, export management, China trade management, global logistics management, trade agreement management, and supply chain collaboration, as well as professional services, such as assessment, implementation, education and training, and maintenance and support.

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