Insider Selling: Robert Hower Sells 135,789 Shares of ChannelAdvisor Corp Stock (ECOM)
ChannelAdvisor Corp (NASDAQ:ECOM) Director Robert Hower sold 135,789 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $16.46, for a total transaction of $2,235,086.94. Following the sale, the director now directly owns 8,520 shares in the company, valued at approximately $140,239. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
ChannelAdvisor Corp (NASDAQ:ECOM) traded down 2.16% on Monday, hitting $15.89. 587,484 shares of the company’s stock traded hands. ChannelAdvisor Corp has a 52 week low of $15.96 and a 52 week high of $49.90. The stock’s 50-day moving average is $22.87 and its 200-day moving average is $30.85. The company’s market cap is $393.0 million.
ChannelAdvisor Corp (NASDAQ:ECOM) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.25) earnings per share. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. On average, analysts predict that ChannelAdvisor Corp will post $-1.03 earnings per share for the current fiscal year.
A number of research firms have recently commented on ECOM. Analysts at Deutsche Bank reiterated a “buy” rating on shares of ChannelAdvisor Corp in a research note on Tuesday, August 5th. They now have a $28.00 price target on the stock, down previously from $32.00. Separately, 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, August 5th. They now have a “buy” rating on the stock. Finally, 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, August 5th. They now have a “market perform” rating on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $33.89.
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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