ChannelAdvisor Corp Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:ECOM)
Shares of ChannelAdvisor Corp (NASDAQ:ECOM) have received a consensus rating of “Buy” from the eleven analysts that are currently covering the company, Analyst RN reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $35.20.
ChannelAdvisor Corp (NASDAQ:ECOM) traded up 0.19% during mid-day trading on Thursday, hitting $20.86. 92,058 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 has a 50-day moving average of $22.91 and a 200-day moving average of $35.83. The company’s market cap is $512.7 million.
ChannelAdvisor Corp (NASDAQ:ECOM) last released its earnings data on Monday, May 5th. The company reported ($0.36) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.01. The company had revenue of $19.00 million for the quarter, compared to the consensus estimate of $18.97 million. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. On average, analysts predict that ChannelAdvisor Corp will post $-1.00 earnings per share for the current fiscal year.
In other ChannelAdvisor Corp news, COO David J. Spitz unloaded 25,500 shares of ChannelAdvisor Corp stock on the open market in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $20.19, for a total transaction of $514,845.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on ECOM. Analysts at Goldman Sachs cut their price target on shares of ChannelAdvisor Corp from $38.00 to $30.00 in a research note on Thursday, May 22nd. Separately, analysts at Canaccord Genuity set a $35.00 price target on shares of ChannelAdvisor Corp in a research note on Tuesday, May 6th. Finally, analysts at Raymond James cut their price target on shares of ChannelAdvisor Corp from $45.00 to $35.00 in a research note on Tuesday, May 6th.
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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