ChannelAdvisor Corporation (ECOM) Given Average Recommendation of “Hold” by Brokerages
Shares of ChannelAdvisor Corporation (NYSE:ECOM) have received an average rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $18.00.
Several equities analysts have recently weighed in on the stock. TheStreet lowered shares of ChannelAdvisor Corporation from a “c-” rating to a “d+” rating in a research report on Monday, June 5th. ValuEngine lowered shares of ChannelAdvisor Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. First Analysis lowered shares of ChannelAdvisor Corporation from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, May 9th. Zacks Investment Research cut shares of ChannelAdvisor Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, Robert W. Baird reiterated a “neutral” rating on shares of ChannelAdvisor Corporation in a report on Monday, July 3rd.
In related news, insider M Scot Wingo sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $11.31, for a total transaction of $169,650.00. Following the completion of the sale, the insider now directly owns 882,896 shares in the company, valued at $9,985,553.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Marc Huffman purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average price of $10.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the director now owns 36,411 shares of the company’s stock, valued at approximately $364,110. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 45,000 shares of company stock valued at $509,550. Corporate insiders own 11.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. TIAA CREF Investment Management LLC boosted its stake in ChannelAdvisor Corporation by 10.6% in the first quarter. TIAA CREF Investment Management LLC now owns 149,625 shares of the software maker’s stock valued at $1,668,000 after buying an additional 14,337 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in ChannelAdvisor Corporation during the first quarter valued at approximately $136,000. Spark Investment Management LLC boosted its stake in ChannelAdvisor Corporation by 177.4% in the first quarter. Spark Investment Management LLC now owns 155,900 shares of the software maker’s stock valued at $1,738,000 after buying an additional 99,700 shares in the last quarter. American International Group Inc. boosted its stake in ChannelAdvisor Corporation by 7.1% in the first quarter. American International Group Inc. now owns 14,290 shares of the software maker’s stock valued at $159,000 after buying an additional 946 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in ChannelAdvisor Corporation by 44.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 20,365 shares of the software maker’s stock valued at $227,000 after buying an additional 6,250 shares in the last quarter. Institutional investors and hedge funds own 81.14% of the company’s stock.
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Shares of ChannelAdvisor Corporation (ECOM) traded up 6.09% during mid-day trading on Friday, hitting $10.45. 66,722 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $10.98 and a 200-day moving average price of $11.49. The stock’s market cap is $276.20 million. ChannelAdvisor Corporation has a 1-year low of $9.85 and a 1-year high of $15.85.
ChannelAdvisor Corporation (NYSE:ECOM) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.05. ChannelAdvisor Corporation had a negative net margin of 7.42% and a negative return on equity of 7.63%. The business had revenue of $30 million for the quarter, compared to the consensus estimate of $28.65 million. During the same quarter last year, the business posted ($0.11) EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities research analysts anticipate that ChannelAdvisor Corporation will post ($0.02) EPS for the current fiscal year.
ChannelAdvisor Corporation Company Profile
Channeladvisor Corporation is a provider of Software as a service (SaaS) solutions. The Company’s SaaS solutions enable retailer and branded manufacturer customers to integrate, manage and optimize their merchandise sales via hundreds of online channels. The Company’s platform enable its customers to connect with new and existing sources of demand for their products, including e-commerce marketplaces, such as Amazon, eBay, Jet.com, Newegg, Sears and Walmart, search engines and comparison shopping Websites, such as Google, Microsoft’s Bing and Nextag, and social channels, such as Facebook, Instagram and Pinterest.
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