ChannelAdvisor Corp Director Robert Hower Unloads 81,383 Shares (ECOM)
ChannelAdvisor Corp (NASDAQ:ECOM) Director Robert Hower sold 81,383 shares of ChannelAdvisor Corp stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $16.32, for a total transaction of $1,328,170.56. Following the completion of the transaction, the director now directly owns 8,520 shares in the company, valued at approximately $139,046. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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 research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $33.22.
Shares of ChannelAdvisor Corp (NASDAQ:ECOM) traded up 0.99% during mid-day trading on Friday, hitting $16.30. 67,184 shares of the company’s stock traded hands. 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 $20.4 and its 200-day moving average is $28.97. The company’s market cap is $403.2 million.
ChannelAdvisor Corp (NASDAQ:ECOM) last announced its earnings results 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 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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