ChannelAdvisor (ECOM) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of ChannelAdvisor (NYSE:ECOM) from a hold rating to a sell rating in a report issued on Wednesday morning.

According to Zacks, “Channel Advisor Corporation offers cloud-based e-commerce solutions and services. It solutions include marketplaces, comparison shopping, paid search, social campaigns, flex feeds, web stores and rich media. The company serves traditional retailers, online retailers, brand manufacturers and advertising agencies. Channel Advisor Corporation is headquartered in Morrisville, North Carolina. “

ECOM has been the subject of a number of other research reports. BidaskClub upgraded shares of ChannelAdvisor from a sell rating to a hold rating in a research report on Thursday, September 21st. DA Davidson began coverage on shares of ChannelAdvisor in a research report on Friday, September 22nd. They issued a neutral rating and a $12.50 price objective for the company. Dougherty & Co began coverage on shares of ChannelAdvisor in a research report on Tuesday, December 19th. They issued a neutral rating for the company. Needham & Company LLC restated a buy rating and issued a $18.00 price objective on shares of ChannelAdvisor in a research report on Sunday, September 17th. Finally, Stifel Nicolaus restated a buy rating and issued a $13.00 price objective on shares of ChannelAdvisor in a research report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $14.13.

ChannelAdvisor (NYSE:ECOM) opened at $9.00 on Wednesday. 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 twelve month low of $8.30 and a twelve month 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 Zacks’ consensus estimate of ($0.17) by $0.02. The firm had revenue of $30.10 million during the quarter, compared to the consensus estimate of $30.08 million. ChannelAdvisor had a negative net margin of 8.54% and a negative return on equity of 9.48%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.12) earnings per share. research analysts anticipate that ChannelAdvisor will post -0.58 earnings per share for the current year.

In other news, insider M Scot Wingo sold 15,000 shares of ChannelAdvisor stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $12.04, for a total transaction of $180,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph L. Cowan purchased 3,130 shares of ChannelAdvisor stock in a transaction dated Friday, November 10th. The shares were bought at an average price of $8.58 per share, with a total value of $26,855.40. Following the completion of the transaction, the director now owns 22,803 shares in the company, valued at approximately $195,649.74. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 30,000 shares of company stock valued at $257,913. 11.30% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Shapiro Capital Management LLC lifted its position in shares of ChannelAdvisor by 0.6% during the 2nd quarter. Shapiro Capital Management LLC now owns 3,779,475 shares of the software maker’s stock valued at $43,653,000 after acquiring an additional 22,458 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of ChannelAdvisor during the 2nd quarter valued at approximately $26,368,000. Vanguard Group Inc. lifted its position in shares of ChannelAdvisor by 5.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,055,788 shares of the software maker’s stock valued at $12,194,000 after acquiring an additional 57,863 shares during the period. Archon Capital Management LLC lifted its position in shares of ChannelAdvisor by 42.7% during the 3rd quarter. Archon Capital Management LLC now owns 839,874 shares of the software maker’s stock valued at $9,659,000 after acquiring an additional 251,364 shares during the period. Finally, Emerald Advisers Inc. PA lifted its position in shares of ChannelAdvisor by 10.0% during the 3rd quarter. Emerald Advisers Inc. PA now owns 726,017 shares of the software maker’s stock valued at $8,349,000 after acquiring an additional 66,082 shares during the period. Institutional investors own 81.72% of the company’s stock.

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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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