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Research analysts at Raymond James lifted their price objective on shares of ChannelAdvisor Corp (NASDAQ:ECOM) from $40.00 to $45.00 in a report released on Friday, Analyst RN reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 3.76% from the company’s current price.

In other ChannelAdvisor Corp news, COO David Spitz sold 13,500 shares of ChannelAdvisor Corp stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $41.46, for a total transaction of $559,710.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of ChannelAdvisor Corp (NASDAQ:ECOM) traded up 3.62% on Friday, hitting $41.52. 1,317,356 shares of the company’s stock traded hands. ChannelAdvisor Corp has a one year low of $14.25 and a one year high of $49.75. The stock’s 50-day moving average is $43.45 and its 200-day moving average is $35.41. The company’s market cap is $941.3 million.

ChannelAdvisor Corp (NASDAQ:ECOM) last announced its earnings results on Thursday, February 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.08. The company had revenue of $20.50 million for the quarter, compared to the consensus estimate of $19.90 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, analysts predict that ChannelAdvisor Corp will post $-0.99 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets initiated coverage on shares of ChannelAdvisor Corp in a research note to investors on Thursday, January 23rd. They set a “market perform” rating on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of ChannelAdvisor Corp in a research note to investors on Wednesday, January 22nd. They set a “hold” rating and a $50.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of ChannelAdvisor Corp from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $42.80.

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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