Amber Road Stock Rating Reaffirmed by Raymond James (AMBR)
Amber Road (NASDAQ:AMBR)‘s stock had its “outperform” rating reiterated by stock analysts at Raymond James in a report issued on Wednesday, American Banking & Market News reports. They currently have a $16.00 price objective on the stock, down from their previous price objective of $18.00. Raymond James’ price objective suggests a potential upside of 28.31% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Amber Road from $18.00 to $16.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, 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. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $17.40.
Amber Road (NASDAQ:AMBR) traded up 0.24% on Wednesday, hitting $12.50. 298,270 shares of the company’s stock traded hands. Amber Road has a 52-week low of $11.90 and a 52-week high of $17.90. The stock’s 50-day moving average is $14.38 and its 200-day moving average is $14.52. The company’s market cap is $311.1 million.
Amber Road (NASDAQ:AMBR) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.03) earnings per share for the quarter, beating the analysts’ 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. Amber Road’s revenue was up 29.3% compared to the same quarter last year. On average, analysts predict that Amber Road will post $-0.48 earnings per share for the current fiscal year.
Amber Road, Inc (NASDAQ:AMBR) is a provider of cloud-based global trade management (GTM) solutions.
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