ChannelAdvisor Corp (ECOM) Receives Average Rating of “Hold” from Analysts
ChannelAdvisor Corp (NYSE:ECOM) has been assigned an average recommendation of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $14.13.
A number of equities analysts recently weighed in on ECOM shares. KeyCorp restated a “hold” rating on shares of ChannelAdvisor in a research report on Friday, August 25th. BidaskClub lowered shares of ChannelAdvisor from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. First Analysis upgraded shares of ChannelAdvisor from an “equal weight” rating to an “overweight” rating and set a $13.00 target price for the company in a research report on Thursday, August 31st. Needham & Company LLC restated a “buy” rating and set a $18.00 target price on shares of ChannelAdvisor in a research report on Sunday, September 17th. Finally, DA Davidson started coverage on shares of ChannelAdvisor in a research report on Friday, September 22nd. They set a “neutral” rating and a $12.50 target price for the company.
In other ChannelAdvisor news, insider M Scot Wingo sold 15,000 shares of the stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $12.04, for a total transaction of $180,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph L. Cowan acquired 16,870 shares of the stock in a transaction on Tuesday, November 14th. The shares were acquired at an average price of $8.48 per share, with a total value of $143,057.60. The disclosure for this purchase can be found here. Insiders have acquired 30,000 shares of company stock valued at $257,913 in the last quarter. 11.30% of the stock is owned by company insiders.
Shares of ChannelAdvisor (NYSE:ECOM) traded up $0.15 during trading hours on Thursday, hitting $9.05. 163,609 shares of the company were exchanged, compared to its average volume of 103,697. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.94. ChannelAdvisor has a 12-month low of $8.30 and a 12-month high of $15.85.
ChannelAdvisor (NYSE:ECOM) last issued its earnings results on Thursday, November 2nd. The software maker reported ($0.15) earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to analyst estimates of $30.08 million. During the same quarter in the prior year, the business earned ($0.12) earnings per share. ChannelAdvisor’s revenue for the quarter was up 7.5% on a year-over-year basis. research analysts anticipate that ChannelAdvisor will post -0.58 earnings per share for the current year.
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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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