ChannelAdvisor Corp Receives Consensus Rating of “Buy” from Analysts (NASDAQ:ECOM)
Shares of ChannelAdvisor Corp (NASDAQ:ECOM) have been given a consensus rating of “Buy” by the ten brokerages that are currently covering the company, Analyst RN reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $33.22.
In other ChannelAdvisor Corp news, Director Robert Hower unloaded 81,383 shares of ChannelAdvisor Corp stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $16.32, for a total transaction of $1,328,170.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
ECOM has been the subject of a number of recent research reports. 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, August 19th. 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.
ChannelAdvisor Corp (NASDAQ:ECOM) traded up 0.62% on Tuesday, hitting $16.30. 12,343 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 $19.22 and its 200-day moving average is $27.92. The company’s market cap is $403.2 million.
ChannelAdvisor Corp (NASDAQ:ECOM) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.30) EPS for the quarter, beating the Thomson Reuters 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. Analysts expect 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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