Pacific Crest Reaffirms “Outperform” Rating for ChannelAdvisor Corp (ECOM)
ChannelAdvisor Corp (NASDAQ:ECOM)‘s stock had its “outperform” rating reissued by equities research analysts at Pacific Crest in a research note issued to investors on Friday. They currently have a $29.00 price target on the stock, down from their previous price target of $34.00. Pacific Crest’s target price indicates a potential upside of 80.12% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $32.67.
ChannelAdvisor Corp (NASDAQ:ECOM) opened at 16.10 on Friday. 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 $18.48 and its 200-day moving average is $27.32. The company’s market cap is $398.2 million.
ChannelAdvisor Corp (NASDAQ:ECOM) last released its earnings data 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 in the prior year, the company posted ($0.25) earnings per share. The company’s quarterly revenue was up 30.0% on a year-over-year basis. 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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