ChannelAdvisor Corp (NYSE:ECOM) – Analysts at DA Davidson issued their Q1 2018 earnings per share estimates for shares of ChannelAdvisor in a research note issued on Tuesday. DA Davidson analyst T. Forte anticipates that the software maker will post earnings of ($0.12) per share for the quarter. DA Davidson currently has a “Buy” rating and a $12.50 target price on the stock. DA Davidson also issued estimates for ChannelAdvisor’s Q2 2018 earnings at ($0.08) EPS and Q3 2018 earnings at ($0.08) EPS.
Several other equities research analysts have also issued reports on the company. Stifel Nicolaus reissued a “buy” rating and set a $13.00 price objective on shares of ChannelAdvisor in a research note on Friday, November 3rd. Zacks Investment Research lowered ChannelAdvisor from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Needham & Company LLC reissued a “buy” rating and set a $18.00 price objective on shares of ChannelAdvisor in a research note on Wednesday, November 1st. Dougherty & Co started coverage on ChannelAdvisor in a research note on Tuesday, December 19th. They set a “neutral” rating for the company. Finally, BidaskClub lowered ChannelAdvisor from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. ChannelAdvisor presently has an average rating of “Hold” and an average target price of $14.13.
In other news, Director Joseph L. Cowan purchased 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, for a total transaction of $143,057.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph L. Cowan purchased 3,130 shares of the stock in a transaction on Friday, November 10th. The shares were purchased at an average price of $8.58 per share, for a total transaction of $26,855.40. Following the transaction, the director now directly owns 22,803 shares of the company’s stock, valued at $195,649.74. The disclosure for this purchase can be found here. Company insiders own 11.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC purchased a new stake in ChannelAdvisor during the second quarter valued at about $26,368,000. Vanguard Group Inc. raised its position in ChannelAdvisor by 5.8% during the second quarter. Vanguard Group Inc. now owns 1,055,788 shares of the software maker’s stock valued at $12,194,000 after purchasing an additional 57,863 shares in the last quarter. Archon Capital Management LLC raised its position in ChannelAdvisor by 42.7% during the third quarter. Archon Capital Management LLC now owns 839,874 shares of the software maker’s stock valued at $9,659,000 after purchasing an additional 251,364 shares in the last quarter. Emerald Advisers Inc. PA raised its position in ChannelAdvisor by 10.0% during the third quarter. Emerald Advisers Inc. PA now owns 726,017 shares of the software maker’s stock valued at $8,349,000 after purchasing an additional 66,082 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its position in ChannelAdvisor by 10.2% during the third quarter. Disciplined Growth Investors Inc. MN now owns 705,555 shares of the software maker’s stock valued at $8,114,000 after purchasing an additional 65,573 shares in the last quarter. Institutional investors and hedge funds own 76.15% of the company’s stock.
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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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