ChannelAdvisor Corporation (ECOM) Scheduled to Post Quarterly Earnings on Thursday
ChannelAdvisor Corporation (NYSE:ECOM) will be announcing its earnings results after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of ($0.05) per share for the quarter.
ChannelAdvisor Corporation (NYSE:ECOM) last announced its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.05). The firm had revenue of $30.00 million for the quarter, compared to analysts’ expectations of $28.65 million. ChannelAdvisor Corporation had a negative net margin of 7.42% and a negative return on equity of 7.63%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.11) earnings per share. On average, analysts expect ChannelAdvisor Corporation to post $-0.03 EPS for the current fiscal year and $0.07 EPS for the next fiscal year.
ChannelAdvisor Corporation (NYSE ECOM) opened at 11.40 on Thursday. The company’s 50 day moving average price is $11.61 and its 200-day moving average price is $11.32. ChannelAdvisor Corporation has a one year low of $9.80 and a one year high of $15.85. The stock’s market capitalization is $301.31 million.
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ECOM has been the topic of a number of recent research reports. First Analysis upgraded ChannelAdvisor Corporation from an “equal weight” rating to an “overweight” rating and set a $13.00 price objective on the stock in a research report on Thursday, August 31st. KeyCorp restated a “hold” rating on shares of ChannelAdvisor Corporation in a research report on Friday, August 25th. BidaskClub downgraded ChannelAdvisor Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. Needham & Company LLC restated a “buy” rating and set a $18.00 price objective on shares of ChannelAdvisor Corporation in a research report on Sunday, September 17th. Finally, Robert W. Baird restated a “neutral” rating on shares of ChannelAdvisor Corporation in a research report on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.50.
In other ChannelAdvisor Corporation news, Director Marc Huffman bought 10,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average price of $10.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the director now owns 36,411 shares in the company, valued at approximately $364,110. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider M Scot Wingo sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $12.04, for a total value of $180,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,000 shares of company stock worth $512,550. Company insiders own 11.30% of the company’s stock.
About ChannelAdvisor Corporation
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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