Amber Road, Inc. (NYSE:AMBR) Receives Consensus Recommendation of “Buy” from Brokerages
Amber Road, Inc. (NYSE:AMBR) has been assigned a consensus rating of “Buy” from the nine research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $12.33.
Several research firms have commented on AMBR. Canaccord Genuity reissued a “buy” rating and issued a $11.00 target price on shares of Amber Road in a report on Tuesday, May 9th. ValuEngine downgraded shares of Amber Road from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Ladenburg Thalmann Financial Services reiterated a “buy” rating and set a $15.00 target price on shares of Amber Road in a research report on Monday, June 12th. Needham & Company LLC reiterated a “buy” rating and set a $11.00 target price on shares of Amber Road in a research report on Monday, June 5th. Finally, Zacks Investment Research downgraded shares of Amber Road from a “hold” rating to a “sell” rating in a research report on Monday, March 27th.
Amber Road (NYSE AMBR) opened at 8.54 on Friday. The company’s market cap is $231.06 million. Amber Road has a 12-month low of $6.71 and a 12-month high of $12.30. The stock’s 50 day moving average is $7.81 and its 200 day moving average is $8.19.
Amber Road (NYSE:AMBR) last released its quarterly earnings results on Monday, May 8th. The software maker reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. Amber Road had a negative net margin of 23.35% and a negative return on equity of 48.51%. The business had revenue of $18.60 million for the quarter, compared to analyst estimates of $18.55 million. During the same period last year, the firm earned ($0.15) earnings per share. Amber Road’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts forecast that Amber Road will post ($0.40) earnings per share for the current year.
In other news, VP Albert C. Cooke III sold 4,182 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $7.30, for a total transaction of $30,528.60. Following the sale, the vice president now directly owns 8,000 shares in the company, valued at $58,400. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Donald R. Caldwell sold 582,862 shares of the company’s stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $7.06, for a total value of $4,115,005.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 591,964 shares of company stock worth $4,183,222. Insiders own 13.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC boosted its position in Amber Road by 38.8% in the fourth quarter. Teachers Advisors LLC now owns 45,409 shares of the software maker’s stock valued at $412,000 after buying an additional 12,698 shares during the period. Essex Investment Management Co. LLC boosted its position in shares of Amber Road by 32.9% in the first quarter. Essex Investment Management Co. LLC now owns 141,486 shares of the software maker’s stock worth $1,092,000 after buying an additional 34,996 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Amber Road during the fourth quarter worth approximately $333,000. Herald Investment Management Ltd acquired a new position in shares of Amber Road during the first quarter worth approximately $5,971,000. Finally, Cortina Asset Management LLC boosted its position in shares of Amber Road by 33.5% in the first quarter. Cortina Asset Management LLC now owns 942,759 shares of the software maker’s stock worth $7,278,000 after buying an additional 236,423 shares during the last quarter. Institutional investors own 65.99% of the company’s stock.
About Amber Road
Amber Road, Inc is a provider of cloud-based global trade management (GTM) solutions. The Company’s GTM solutions include modules for logistics contract and rate management, supply chain visibility and event management, international trade compliance, and Global Knowledge trade content database to importers and exporters, non-vessel owning common carriers (resellers), and ocean carriers.
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