ChannelAdvisor Corp Director Robert Hower Unloads 116,598 Shares (ECOM)
ChannelAdvisor Corp (NASDAQ:ECOM) Director Robert Hower unloaded 116,598 shares of the company’s stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $16.03, for a total value of $1,869,065.94. Following the sale, the director now directly owns 8,520 shares in the company, valued at approximately $136,576. The sale was disclosed in a document filed with the SEC, which is available at this link.
ChannelAdvisor Corp (NASDAQ:ECOM) opened at 16.57 on Thursday. ChannelAdvisor Corp has a 52 week low of $15.31 and a 52 week high of $49.90. The stock’s 50-day moving average is $20.68 and its 200-day moving average is $29.06. The company’s market cap is $409.8 million.
ChannelAdvisor Corp (NASDAQ:ECOM) last announced its earnings results 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 $-1.03 earnings per share for the current fiscal year.
A number of research firms have recently commented on ECOM. Analysts at Deutsche Bank cut their price target on shares of ChannelAdvisor Corp from $28.00 to $22.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, 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. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $33.22.
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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