Share on StockTwits
 

ChannelAdvisor Corp (NASDAQ:ECOM) was downgraded by research analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a report released on Tuesday, TheFlyOnTheWall.com reports.

A number of other firms have also recently commented on ECOM. Analysts at Stifel Nicolaus raised their price target on shares of ChannelAdvisor Corp from $42.00 to $46.00 in a research note to investors on Friday, January 10th. They now have a “buy” rating on the stock. Separately, analysts at Pacific Crest raised their price target on shares of ChannelAdvisor Corp from $40.00 to $48.00 in a research note to investors on Monday, January 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $36.60.

ChannelAdvisor Corp (NASDAQ:ECOM) traded down 3.28% during mid-day trading on Tuesday, hitting $44.22. 487,730 shares of the company’s stock traded hands. ChannelAdvisor Corp has a 52-week low of $14.25 and a 52-week high of $46.90. The stock has a 50-day moving average of $40.30 and a 200-day moving average of $32.57. The company’s market cap is $1.003 billion.

ChannelAdvisor Corp (NASDAQ:ECOM) last released its earnings data on Monday, October 28th. The company reported ($0.18) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.27) by $0.09. The company had revenue of $16.60 million for the quarter, compared to the consensus estimate of $15.86 million. ChannelAdvisor Corp’s revenue was up 27.7% compared to the same quarter last year. On average, analysts predict that ChannelAdvisor Corp will post $-0.89 earnings per share for the current fiscal year.

Channeladvisor Corporation is a provider of software-as-a-service, or SaaS, solutions that enables retailers and manufacturer customers to integrate, manage and optimize their merchandise sales across hundreds of online channels.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.