Shares of ChannelAdvisor Corp (NYSE:ECOM) have received a consensus rating of “Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $12.80.
A number of equities analysts have issued reports on the company. B. Riley raised their price objective on ChannelAdvisor from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Needham & Company LLC reissued a “buy” rating and set a $16.00 price objective (up from $14.00) on shares of ChannelAdvisor in a research note on Tuesday. Robert W. Baird reissued a “hold” rating and set a $12.00 price objective on shares of ChannelAdvisor in a research note on Wednesday, February 12th. Finally, Zacks Investment Research raised ChannelAdvisor from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Tuesday, April 14th.
In other news, Director M Scot Wingo sold 40,000 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $5.07, for a total value of $202,800.00. Following the completion of the sale, the director now owns 458,226 shares of the company’s stock, valued at $2,323,205.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 8.10% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of ChannelAdvisor by 9.5% during the first quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 11,500 shares of the software maker’s stock worth $83,000 after acquiring an additional 1,000 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of ChannelAdvisor by 32.1% during the fourth quarter. Bank of Montreal Can now owns 4,345 shares of the software maker’s stock worth $39,000 after acquiring an additional 1,057 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of ChannelAdvisor by 1.5% during the first quarter. Bank of New York Mellon Corp now owns 95,297 shares of the software maker’s stock worth $692,000 after acquiring an additional 1,382 shares in the last quarter. Sei Investments Co. raised its holdings in shares of ChannelAdvisor by 5.7% during the fourth quarter. Sei Investments Co. now owns 27,809 shares of the software maker’s stock worth $245,000 after acquiring an additional 1,497 shares in the last quarter. Finally, Stone Ridge Asset Management LLC raised its holdings in shares of ChannelAdvisor by 6.0% during the first quarter. Stone Ridge Asset Management LLC now owns 28,350 shares of the software maker’s stock worth $206,000 after acquiring an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 83.61% of the company’s stock.
ECOM opened at $13.47 on Friday. ChannelAdvisor has a 12 month low of $4.39 and a 12 month high of $13.78. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.52 and a quick ratio of 2.52. The stock has a market cap of $376.69 million, a P/E ratio of 49.89 and a beta of 0.77. The stock’s 50 day moving average price is $9.73 and its 200 day moving average price is $9.18.
ChannelAdvisor (NYSE:ECOM) last issued its quarterly earnings results on Thursday, May 7th. The software maker reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $32.03 million for the quarter, compared to the consensus estimate of $31.48 million. ChannelAdvisor had a net margin of 5.99% and a return on equity of 9.14%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.08) earnings per share. Equities analysts anticipate that ChannelAdvisor will post 0.27 EPS for the current year.
ChannelAdvisor Company Profile
ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps brands and retailers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.
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