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Canaccord Genuity lowered their target price on shares of Amber Road (NASDAQ:AMBR) from $18.00 to $16.00 in a research note issued on Wednesday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price suggests a potential upside of 28.31% from the company’s current price.

Amber Road (NASDAQ:AMBR) traded up 0.24% during mid-day trading on Wednesday, hitting $12.50. The stock had a trading volume of 220,646 shares. Amber Road has a one year low of $11.90 and a one year high of $17.90. The stock has a 50-day moving average of $14.38 and a 200-day moving average of $14.52. The company’s market cap is $311.1 million.

Amber Road (NASDAQ:AMBR) last announced its earnings results on Tuesday, May 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.19. The company had revenue of $15.00 million for the quarter, compared to the consensus estimate of $13.64 million. The company’s revenue for the quarter was up 29.3% on a year-over-year basis. On average, analysts predict that Amber Road will post $-0.48 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks initiated coverage on shares of Amber Road in a research note on Wednesday, April 23rd. They set a “hold” rating on the stock. Separately, analysts at Raymond James initiated coverage on shares of Amber Road in a research note on Tuesday, April 15th. They set an “outperform” rating and a $18.00 price target on the stock. Finally, analysts at Pacific Crest initiated coverage on shares of Amber Road in a research note on Tuesday, April 15th. They set an “outperform” rating and a $18.00 price target on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.80.

Amber Road, Inc (NASDAQ:AMBR) is a provider of cloud-based global trade management (GTM) solutions.

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