Amber Road, Inc. (NYSE:AMBR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Amber Road, Inc. operates as a provider of on-demand Global Trade Management solutions. It offers import and export, global logistics, and trade agreement management solutions worldwide. The Company’s solutions include Enterprise-Class Software, Trade Content, Supply Chain Network, Flexible Technology and SaaS Delivery. It offers its solution to enterprises in various industries, including chemical/pharmaceutical, high technology/electronics, industrial/manufacturing, logistics, oil and gas, and retail/apparel through a software-as-a-service model. Amber Road, Inc. is headquartered in East Rutherford, New Jersey. “

Several other equities analysts have also commented on the company. ValuEngine lowered Amber Road from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Amber Road in a research report on Monday, June 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $11.50.

Shares of Amber Road (NYSE:AMBR) traded up 2.03% during mid-day trading on Wednesday, reaching $8.03. 17,700 shares of the company traded hands. The firm’s 50 day moving average price is $7.63 and its 200-day moving average price is $7.96. Amber Road has a 52-week low of $6.71 and a 52-week high of $12.30. The company’s market capitalization is $217.07 million.

Amber Road (NYSE:AMBR) last posted its earnings results on Thursday, August 3rd. The software maker reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.04. Amber Road had a negative return on equity of 53.03% and a negative net margin of 22.59%. The business had revenue of $19.70 million during the quarter, compared to analyst estimates of $19.84 million. During the same quarter last year, the firm earned ($0.11) earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities analysts predict that Amber Road will post ($0.37) earnings per share for the current fiscal year.

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In other Amber Road news, VP Albert C. Cooke III sold 7,581 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $7.90, for a total value of $59,889.90. Following the transaction, the vice president now directly owns 8,425 shares of the company’s stock, valued at approximately $66,557.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Thomas E. Conway sold 4,843 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $7.46, for a total value of $36,128.78. Following the completion of the transaction, the chief financial officer now directly owns 4,843 shares in the company, valued at $36,128.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,424 shares of company stock valued at $633,622. 13.10% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in shares of Amber Road by 1.9% in the second quarter. Goldman Sachs Group Inc. now owns 11,740 shares of the software maker’s stock worth $101,000 after buying an additional 224 shares during the last quarter. Geode Capital Management LLC raised its holdings in Amber Road by 1.7% in the first quarter. Geode Capital Management LLC now owns 134,082 shares of the software maker’s stock valued at $1,035,000 after acquiring an additional 2,288 shares in the last quarter. Rhumbline Advisers raised its holdings in Amber Road by 12.5% in the second quarter. Rhumbline Advisers now owns 20,675 shares of the software maker’s stock valued at $177,000 after acquiring an additional 2,305 shares in the last quarter. Mycio Wealth Partners LLC raised its holdings in Amber Road by 17.3% in the second quarter. Mycio Wealth Partners LLC now owns 21,718 shares of the software maker’s stock valued at $167,000 after acquiring an additional 3,200 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Amber Road by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 149,741 shares of the software maker’s stock valued at $1,283,000 after acquiring an additional 3,699 shares in the last quarter. 69.33% of the stock is owned by institutional investors and hedge funds.

Amber Road Company Profile

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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