ChannelAdvisor Corp Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:ECOM)
Shares of ChannelAdvisor Corp (NASDAQ:ECOM) have received an average rating of “Buy” from the eleven ratings firms that are currently covering the stock, StockRatingsNetwork.com reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $35.20.
In other ChannelAdvisor Corp news, CEO M Scot Wingo unloaded 10,000 shares of ChannelAdvisor Corp stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $23.46, for a total transaction of $234,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on ECOM shares. Analysts at Deutsche Bank upgraded shares of ChannelAdvisor Corp from a “hold” rating to a “buy” rating in a research note on Friday, July 11th. They now have a $32.00 price target on the stock. Separately, 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. Finally, analysts at Canaccord Genuity set a $35.00 price target on shares of ChannelAdvisor Corp in a research note on Tuesday, May 6th.
Shares of ChannelAdvisor Corp (NASDAQ:ECOM) opened at 22.67 on Tuesday. ChannelAdvisor Corp has a one year low of $19.11 and a one year high of $49.90. The stock’s 50-day moving average is $23.35 and its 200-day moving average is $32.53. The company’s market cap is $557.2 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. 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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