ChannelAdvisor (NYSE:ECOM) posted its quarterly earnings data on Tuesday. The software maker reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.13, Bloomberg Earnings reports. ChannelAdvisor had a negative return on equity of 9.48% and a negative net margin of 8.54%.
Shares of ChannelAdvisor (NYSE ECOM) traded down $0.05 on Tuesday, reaching $9.35. The company’s stock had a trading volume of 78,944 shares, compared to its average volume of 74,082. ChannelAdvisor has a 12-month low of $8.30 and a 12-month high of $12.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 1.94. The firm has a market capitalization of $247.10, a price-to-earnings ratio of -23.85 and a beta of 0.10.
A number of equities analysts recently commented on the company. Dougherty & Co assumed coverage on ChannelAdvisor in a research note on Tuesday, December 19th. They issued a “neutral” rating on the stock. Zacks Investment Research lowered ChannelAdvisor from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. ValuEngine lowered ChannelAdvisor from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. BidaskClub lowered ChannelAdvisor from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Finally, DA Davidson raised ChannelAdvisor from a “neutral” rating to a “buy” rating and set a $12.50 price target on the stock in a research note on Tuesday, February 6th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. ChannelAdvisor has an average rating of “Hold” and a consensus target price of $14.13.
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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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