ChannelAdvisor Corp Stock Rating Reaffirmed by Deutsche Bank (ECOM)
ChannelAdvisor Corp (NASDAQ:ECOM)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Tuesday. They currently have a $28.00 price objective on the stock, down from their previous price objective of $32.00. Deutsche Bank’s target price would indicate a potential upside of 20.64% from the company’s current price.
A number of other firms have also recently commented on ECOM. Analysts at Stifel Nicolaus cut their price target on shares of ChannelAdvisor Corp from $40.00 to $30.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of ChannelAdvisor Corp from $31.00 to $23.00 in a research note on Tuesday. They now have a “market perform” rating on the stock. Finally, 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.00.
Shares of ChannelAdvisor Corp (NASDAQ:ECOM) traded down 29.73% on Tuesday, hitting $16.31. The stock had a trading volume of 5,184,913 shares. ChannelAdvisor Corp has a 52 week low of $19.11 and a 52 week high of $49.90. The stock’s 50-day moving average is $23.73 and its 200-day moving average is $31.40. The company’s market cap is $400.9 million.
ChannelAdvisor Corp (NASDAQ:ECOM) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.30) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.31) by $0.01. The company had revenue of $20.80 million for the quarter, compared to the consensus estimate of $20.00 million. During the same quarter last year, the company posted ($0.25) earnings per share. ChannelAdvisor Corp’s revenue was up 30.0% compared to the same quarter last year. On average, analysts predict that ChannelAdvisor Corp will post $-1.00 earnings per share 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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