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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, 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.

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