Analysts at Dougherty & Co started coverage on shares of ChannelAdvisor (NYSE:ECOM) in a research note issued on Tuesday, December 19th, MarketBeat reports. The firm set a “neutral” rating on the software maker’s stock.
Several other equities analysts have also recently issued reports on ECOM. KeyCorp reaffirmed a “hold” rating on shares of ChannelAdvisor in a research note on Friday, August 25th. BidaskClub cut shares of ChannelAdvisor from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th. First Analysis raised shares of ChannelAdvisor from an “equal weight” rating to an “overweight” rating and set a $13.00 price objective on the stock in a research note on Thursday, August 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of ChannelAdvisor in a research note on Sunday, September 17th. Finally, DA Davidson started coverage on shares of ChannelAdvisor in a report on Friday, September 22nd. They issued a “neutral” rating and a $12.50 target price for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.13.
ChannelAdvisor (ECOM) traded up $0.35 during trading on Tuesday, reaching $9.45. 47,841 shares of the company’s stock traded hands, compared to its average volume of 174,696. The firm has a market cap of $251.08, a PE ratio of -24.23 and a beta of 0.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 1.94. ChannelAdvisor has a 52-week low of $8.30 and a 52-week high of $15.00.
ChannelAdvisor (NYSE:ECOM) last released its earnings results on Thursday, November 2nd. The software maker reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. The firm had revenue of $30.10 million for 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%. ChannelAdvisor’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.12) EPS. equities research analysts anticipate that ChannelAdvisor will post -0.58 earnings per share for the current year.
In related news, insider M Scot Wingo sold 15,000 shares of the firm’s 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph L. Cowan acquired 16,870 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average cost of $8.48 per share, for a total transaction of $143,057.60. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 30,000 shares of company stock valued at $257,913. Corporate insiders own 11.30% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. bought a new position in shares of ChannelAdvisor in the third quarter valued at approximately $118,000. Citigroup Inc. raised its position in shares of ChannelAdvisor by 166.6% in the second quarter. Citigroup Inc. now owns 10,818 shares of the software maker’s stock valued at $125,000 after purchasing an additional 6,760 shares during the period. Voya Investment Management LLC bought a new position in shares of ChannelAdvisor in the second quarter valued at approximately $136,000. Cubist Systematic Strategies LLC bought a new position in shares of ChannelAdvisor in the second quarter valued at approximately $138,000. Finally, Alliancebernstein L.P. bought a new position in shares of ChannelAdvisor in the second quarter valued at approximately $193,000. 81.72% of the stock is currently owned by hedge funds and other institutional investors.
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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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