Shares of ChannelAdvisor Corp (NYSE:ECOM) have been assigned a consensus recommendation of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $14.13.

Several equities analysts recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of ChannelAdvisor in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of ChannelAdvisor from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. BidaskClub upgraded shares of ChannelAdvisor from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Dougherty & Co assumed coverage on shares of ChannelAdvisor in a report on Tuesday, December 19th. They issued a “neutral” rating on the stock. Finally, DA Davidson assumed coverage on shares of ChannelAdvisor in a report on Friday, September 22nd. They issued a “neutral” rating and a $12.50 price target on the stock.

In other news, CFO Mark Cook acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were acquired 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 $1,350,316. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider M Scot Wingo sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $12.04, for a total transaction of $180,600.00. The disclosure for this sale can be found here. In the last quarter, insiders purchased 30,000 shares of company stock worth $257,913. 11.30% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its stake in ChannelAdvisor by 0.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 97,489 shares of the software maker’s stock valued at $1,126,000 after acquiring an additional 646 shares during the period. Rhumbline Advisers grew its stake in ChannelAdvisor by 8.5% in the 2nd quarter. Rhumbline Advisers now owns 27,908 shares of the software maker’s stock valued at $322,000 after acquiring an additional 2,195 shares during the period. Wells Fargo & Company MN grew its stake in ChannelAdvisor by 2.4% in the 2nd quarter. Wells Fargo & Company MN now owns 19,111 shares of the software maker’s stock valued at $220,000 after acquiring an additional 446 shares during the period. Alliancebernstein L.P. acquired a new stake in ChannelAdvisor in the 2nd quarter valued at $193,000. Finally, Teachers Advisors LLC grew its stake in ChannelAdvisor by 28.5% in the 2nd quarter. Teachers Advisors LLC now owns 49,591 shares of the software maker’s stock valued at $573,000 after acquiring an additional 10,998 shares during the period. 81.72% of the stock is currently owned by institutional investors and hedge funds.

Shares of ChannelAdvisor (NYSE:ECOM) remained flat at $$9.00 during trading on Monday. 60,600 shares of the company traded hands, compared to its average volume of 89,075. The stock has a market capitalization of $239.13, a PE ratio of -22.50 and a beta of 0.10. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01. ChannelAdvisor has a 52 week low of $8.30 and a 52 week high of $15.15.

ChannelAdvisor (NYSE:ECOM) last announced its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. The firm had revenue of $30.10 million during the quarter, compared to analyst estimates of $30.08 million. ChannelAdvisor had a negative net margin of 8.54% and a negative return on equity of 9.48%. ChannelAdvisor’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted ($0.12) EPS. sell-side analysts forecast that ChannelAdvisor will post -0.58 EPS for the current fiscal year.

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ChannelAdvisor 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.

Analyst Recommendations for ChannelAdvisor (NYSE:ECOM)

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