ChannelAdvisor Corp Stock Rating Reaffirmed by Stifel Nicolaus (ECOM)
ChannelAdvisor Corp (NASDAQ:ECOM)‘s stock had its “buy” rating reaffirmed by Stifel Nicolaus in a research note issued on Friday, StockRatingsNetwork.com reports. They currently have a $40.00 price objective on the stock, down from their previous price objective of $48.00. Stifel Nicolaus’ price objective points to a potential upside of 49.25% from the company’s current price.
In other ChannelAdvisor Corp news, CEO M Scot Wingo sold 10,000 shares of the company’s stock on the open market in a transaction dated Thursday, April 24th. The stock was sold at an average price of $29.44, for a total value of $294,400.00. Following the transaction, the chief executive officer now directly owns 1,396,475 shares in the company, valued at approximately $41,112,224. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of other analysts have also recently weighed in on ECOM. Analysts at Janney Montgomery Scott initiated coverage on shares of ChannelAdvisor Corp in a research note on Monday, April 14th. They set a “buy” rating and a $40.00 price target on the stock. Separately, analysts at William Blair initiated coverage on shares of ChannelAdvisor Corp in a research note on Thursday, February 27th. They set an “outperform” rating on the stock. Finally, analysts at Robert W. Baird initiated coverage on shares of ChannelAdvisor Corp in a research note on Tuesday, February 11th. They set an “outperform” rating and a $50.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. ChannelAdvisor Corp has an average rating of “Buy” and a consensus target price of $42.57.
ChannelAdvisor Corp (NASDAQ:ECOM) traded up 2.16% during mid-day trading on Friday, hitting $27.38. 139,552 shares of the company’s stock traded hands. ChannelAdvisor Corp has a 1-year low of $14.25 and a 1-year high of $49.90. The stock’s 50-day moving average is $34.46 and its 200-day moving average is $38.77. The company’s market cap is $666.0 million.
ChannelAdvisor Corp (NASDAQ:ECOM) last released its earnings data on Thursday, February 6th. The company reported ($0.21) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.05 earnings per share. ChannelAdvisor Corp’s revenue was up 28.1% compared to the same quarter last year. Analysts expect that ChannelAdvisor Corp will post $-1.00 EPS 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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