ChannelAdvisor Corp (NYSE:ECOM) has been assigned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $14.13.
A number of research firms have weighed in on ECOM. BidaskClub downgraded shares of ChannelAdvisor from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of ChannelAdvisor in a research note on Wednesday, November 1st. Dougherty & Co began coverage on shares of ChannelAdvisor in a research note on Tuesday, December 19th. They set a “neutral” rating on the stock. ValuEngine downgraded shares of ChannelAdvisor from a “sell” rating to a “strong sell” rating in a research note on Friday. Finally, Zacks Investment Research downgraded shares of ChannelAdvisor from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd.
ChannelAdvisor (ECOM) traded down $0.10 on Friday, reaching $9.00. 96,517 shares of the company’s stock were exchanged, compared to its average volume of 67,962. ChannelAdvisor has a 1 year low of $8.30 and a 1 year high of $14.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.94. The firm has a market capitalization of $241.78 and a P/E ratio of -22.50.
ChannelAdvisor (NYSE:ECOM) last posted its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.02. ChannelAdvisor had a negative net margin of 8.54% and a negative return on equity of 9.48%. The firm had revenue of $30.10 million for the quarter, compared to the consensus estimate of $30.08 million. During the same quarter in the previous year, the company earned ($0.12) earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. analysts forecast that ChannelAdvisor will post -0.58 earnings per share for the current fiscal year.
In other news, Director Joseph L. Cowan bought 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, for a total transaction of $26,855.40. Following the purchase, the director now owns 22,803 shares of the company’s stock, valued at $195,649.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark Cook purchased 10,000 shares of ChannelAdvisor stock in a transaction that occurred on Wednesday, November 8th. The shares were bought at an average price of $8.80 per share, for a total transaction of $88,000.00. Following the transaction, the chief financial officer now owns 153,445 shares in the company, valued at $1,350,316. The disclosure for this purchase can be found here. Insiders bought a total of 30,000 shares of company stock worth $257,913 in the last 90 days. 11.30% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in ChannelAdvisor during the 4th quarter worth about $299,000. GSA Capital Partners LLP acquired a new position in ChannelAdvisor during the 3rd quarter worth about $571,000. Disciplined Growth Investors Inc. MN lifted its position in ChannelAdvisor by 10.2% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 705,555 shares of the software maker’s stock worth $8,114,000 after buying an additional 65,573 shares in the last quarter. OxFORD Asset Management LLP lifted its position in ChannelAdvisor by 39.6% during the 3rd quarter. OxFORD Asset Management LLP now owns 49,864 shares of the software maker’s stock worth $574,000 after buying an additional 14,155 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in ChannelAdvisor by 52.8% during the 3rd quarter. Wells Fargo & Company MN now owns 29,202 shares of the software maker’s stock worth $336,000 after buying an additional 10,091 shares in the last quarter. Institutional investors and hedge funds own 81.73% 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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