Wall Street analysts expect ChannelAdvisor Corporation (NYSE:ECOM) to post $34.38 million in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for ChannelAdvisor’s earnings. The highest sales estimate is $34.55 million and the lowest is $34.30 million. ChannelAdvisor posted sales of $31.76 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.2%. The business is expected to report its next quarterly earnings results on Thursday, February 8th.

According to Zacks, analysts expect that ChannelAdvisor will report full year sales of $34.38 million for the current financial year, with estimates ranging from $122.70 million to $122.98 million. For the next year, analysts anticipate that the company will post sales of $134.87 million per share, with estimates ranging from $132.00 million to $141.65 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for ChannelAdvisor.

ChannelAdvisor (NYSE:ECOM) last posted its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.02. ChannelAdvisor had a negative net margin of 8.54% and a negative return on equity of 9.48%. The firm had revenue of $30.10 million for the quarter, compared to analysts’ expectations of $30.08 million. During the same period in the previous year, the company posted ($0.12) EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year.

ECOM has been the topic of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price objective on shares of ChannelAdvisor in a research report on Sunday, September 17th. Stifel Nicolaus reiterated a “buy” rating and set a $13.00 price objective on shares of ChannelAdvisor in a research report on Friday, November 3rd. BidaskClub upgraded shares of ChannelAdvisor from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. KeyCorp reiterated a “hold” rating on shares of ChannelAdvisor in a research report on Friday, August 25th. Finally, DA Davidson began coverage on shares of ChannelAdvisor in a research note on Friday, September 22nd. They set a “neutral” rating and a $12.50 target price for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. ChannelAdvisor has a consensus rating of “Hold” and an average price target of $14.13.

In related news, CFO Mark Cook bought 10,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was bought at an average price of $8.80 per share, with a total value of $88,000.00. Following the purchase, the chief financial officer now directly owns 153,445 shares of the company’s stock, valued at approximately $1,350,316. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider M Scot Wingo sold 15,000 shares of ChannelAdvisor stock in a transaction on Monday, September 18th. The shares were sold at an average price of $11.72, for a total transaction of $175,800.00. Following the sale, the insider now directly owns 807,896 shares of the company’s stock, valued at approximately $9,468,541.12. The disclosure for this sale can be found here. Insiders have acquired a total of 30,000 shares of company stock valued at $257,913 in the last three months. Company insiders own 11.30% of the company’s stock.

Several large investors have recently modified their holdings of the business. Prudential Financial Inc. acquired a new stake in shares of ChannelAdvisor in the 3rd quarter valued at $118,000. Citigroup Inc. lifted its stake in shares of ChannelAdvisor by 166.6% in the 2nd quarter. Citigroup Inc. now owns 10,818 shares of the software maker’s stock valued at $125,000 after purchasing an additional 6,760 shares during the last quarter. Voya Investment Management LLC acquired a new stake in shares of ChannelAdvisor in the 2nd quarter valued at $136,000. Cubist Systematic Strategies LLC acquired a new stake in shares of ChannelAdvisor in the 2nd quarter valued at $138,000. Finally, American International Group Inc. lifted its stake in shares of ChannelAdvisor by 7.1% in the 1st quarter. American International Group Inc. now owns 14,290 shares of the software maker’s stock valued at $159,000 after purchasing an additional 946 shares during the last quarter. 81.54% of the stock is owned by institutional investors.

ChannelAdvisor (NYSE:ECOM) traded down $0.05 during midday trading on Thursday, reaching $8.70. 594,400 shares of the company’s stock traded hands, compared to its average volume of 95,977. ChannelAdvisor has a 12-month low of $8.30 and a 12-month high of $15.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 1.94.

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About ChannelAdvisor

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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