ChannelAdvisor Corporation (ECOM) Rating Reiterated by Stifel Nicolaus
ChannelAdvisor Corporation (NYSE:ECOM)‘s stock had its “buy” rating restated by Stifel Nicolaus in a research report issued on Friday. They presently have a $13.00 target price on the software maker’s stock. Stifel Nicolaus’ target price indicates a potential upside of 45.25% from the stock’s previous close.
ECOM has been the topic of a number of other research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of ChannelAdvisor Corporation in a research report on Wednesday. BidaskClub downgraded shares of ChannelAdvisor Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. First Analysis upgraded shares of ChannelAdvisor Corporation from an “equal weight” rating to an “overweight” rating and set a $13.00 target price for the company in a research note on Thursday, August 31st. KeyCorp reiterated a “hold” rating on shares of ChannelAdvisor Corporation in a research note on Friday, August 25th. Finally, DA Davidson began coverage on shares of ChannelAdvisor Corporation in a research note on Friday, September 22nd. They issued a “neutral” rating and a $12.50 target price for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. ChannelAdvisor Corporation has an average rating of “Hold” and an average target price of $14.13.
ChannelAdvisor Corporation (NYSE:ECOM) traded down $1.95 during mid-day trading on Friday, reaching $8.95. 281,907 shares of the company traded hands, compared to its average volume of 57,866. ChannelAdvisor Corporation has a 52 week low of $8.60 and a 52 week high of $15.85. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01.
ChannelAdvisor Corporation (NYSE:ECOM) last issued its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.02. ChannelAdvisor Corporation had a negative net margin of 7.42% and a negative return on equity of 7.63%. The firm had revenue of $30.10 million for the quarter, compared to the consensus estimate of $30.08 million. During the same quarter in the previous year, the firm earned ($0.12) EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. equities research analysts expect that ChannelAdvisor Corporation will post -0.52 EPS for the current fiscal year.
In other news, insider M Scot Wingo sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $10.41, for a total transaction of $156,150.00. Following the completion of the sale, the insider now owns 837,896 shares of the company’s stock, valued at $8,722,497.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Marc Huffman bought 10,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average cost of $10.00 per share, with a total value of $100,000.00. Following the acquisition, the director now directly owns 36,411 shares of the company’s stock, valued at $364,110. The disclosure for this purchase can be found here. In the last three months, insiders sold 45,000 shares of company stock valued at $512,550. 11.30% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the company. Shapiro Capital Management LLC boosted its position in shares of ChannelAdvisor Corporation by 0.6% during the 2nd quarter. Shapiro Capital Management LLC now owns 3,779,475 shares of the software maker’s stock valued at $43,653,000 after acquiring an additional 22,458 shares during the last quarter. Janus Henderson Group PLC acquired a new position in ChannelAdvisor Corporation in the second quarter valued at about $26,368,000. Vanguard Group Inc. lifted its position in ChannelAdvisor Corporation by 5.8% in the second quarter. Vanguard Group Inc. now owns 1,055,788 shares of the software maker’s stock valued at $12,194,000 after buying an additional 57,863 shares during the last quarter. Emerald Advisers Inc. PA lifted its position in ChannelAdvisor Corporation by 10.0% in the third quarter. Emerald Advisers Inc. PA now owns 726,017 shares of the software maker’s stock valued at $8,349,000 after buying an additional 66,082 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its position in ChannelAdvisor Corporation by 214.7% in the second quarter. Disciplined Growth Investors Inc. MN now owns 639,982 shares of the software maker’s stock valued at $7,392,000 after buying an additional 436,618 shares during the last quarter. 81.48% of the stock is currently owned by hedge funds and other institutional investors.
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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