Zacks: Analysts Expect ChannelAdvisor Corp (ECOM) Will Post Quarterly Sales of $34.39 Million

Wall Street analysts expect that ChannelAdvisor Corp (NYSE:ECOM) will post sales of $34.39 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for ChannelAdvisor’s earnings, with the highest sales estimate coming in at $34.55 million and the lowest estimate coming in at $34.30 million. ChannelAdvisor posted sales of $31.76 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The company is expected to issue its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that ChannelAdvisor will report full-year sales of $34.39 million for the current fiscal year, with estimates ranging from $122.70 million to $122.98 million. For the next year, analysts anticipate that the business will post sales of $135.45 million per share, with estimates ranging from $133.20 million to $141.65 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow ChannelAdvisor.

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

ECOM has been the subject of a number of analyst reports. BidaskClub cut shares of ChannelAdvisor from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Needham & Company LLC restated a “buy” rating and set a $18.00 price target on shares of ChannelAdvisor in a research note on Wednesday, November 1st. Stifel Nicolaus restated a “buy” rating and set a $13.00 price target on shares of ChannelAdvisor in a research note on Friday, November 3rd. Dougherty & Co started coverage on shares of ChannelAdvisor in a research note on Tuesday, December 19th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research cut shares of ChannelAdvisor from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. ChannelAdvisor currently has a consensus rating of “Hold” and an average price target of $14.13.

ChannelAdvisor (NYSE:ECOM) opened at $9.15 on Friday. 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 one year low of $8.30 and a one year high of $15.00.

In related news, Director Joseph L. Cowan purchased 16,870 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average price of $8.48 per share, with a total value of $143,057.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark Cook purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was bought at an average cost of $8.80 per share, with a total value of $88,000.00. Following the acquisition, the chief financial officer now owns 153,445 shares of the company’s stock, valued at $1,350,316. The disclosure for this purchase can be found here. Insiders bought 30,000 shares of company stock valued at $257,913 in the last quarter. 11.30% of the stock is currently owned by corporate insiders.

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

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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.

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