Analysts forecast that ChannelAdvisor Corp (NYSE:ECOM) will post earnings of $0.06 per share for the current quarter, according to Zacks. Five analysts have made estimates for ChannelAdvisor’s earnings, with estimates ranging from ($0.08) to $0.11. ChannelAdvisor posted earnings per share of $0.32 during the same quarter last year, which would indicate a negative year over year growth rate of 81.3%. The company is expected to report its next quarterly earnings results on Thursday, February 8th.
According to Zacks, analysts expect that ChannelAdvisor will report full year earnings of ($0.09) per share for the current fiscal year, with EPS estimates ranging from ($0.12) to ($0.06). For the next fiscal year, analysts expect that the firm will post earnings of $0.03 per share, with EPS estimates ranging from ($0.11) to $0.27. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover ChannelAdvisor.
ChannelAdvisor (NYSE:ECOM) last posted its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.02. ChannelAdvisor had a negative return on equity of 9.48% and a negative net margin of 8.54%. The firm had revenue of $30.10 million during the quarter, compared to analysts’ expectations of $30.08 million. During the same period in the prior year, the business earned ($0.12) EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year.
A number of equities research analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of ChannelAdvisor in a research note on Wednesday, November 1st. Zacks Investment Research lowered ChannelAdvisor from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. BidaskClub raised ChannelAdvisor from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Dougherty & Co assumed coverage on ChannelAdvisor in a research note on Tuesday, December 19th. They issued a “neutral” rating for the company. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $13.00 target price on shares of ChannelAdvisor in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.13.
ChannelAdvisor (NYSE ECOM) traded down $0.10 on Friday, hitting $9.05. The stock had a trading volume of 81,286 shares, compared to its average volume of 68,036. ChannelAdvisor has a 1 year low of $8.30 and a 1 year high of $15.00. 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 stock has a market cap of $243.11, a PE ratio of -22.62 and a beta of 0.10.
In related news, Director Joseph L. Cowan bought 16,870 shares of the stock in a transaction dated Tuesday, November 14th. The stock was bought at an average price of $8.48 per share, with a total value of $143,057.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Mark Cook bought 10,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was bought at an average cost of $8.80 per share, with a total value of $88,000.00. Following the purchase, the chief financial officer now owns 153,445 shares in the company, valued at approximately $1,350,316. The disclosure for this purchase can be found here. In the last three months, insiders bought 30,000 shares of company stock valued at $257,913. 11.30% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Prudential Financial Inc. bought a new position in ChannelAdvisor during the 3rd quarter valued at approximately $118,000. Citigroup Inc. raised its position in ChannelAdvisor by 166.6% during the 2nd 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 last quarter. Voya Investment Management LLC bought a new position in ChannelAdvisor during the 2nd quarter valued at approximately $136,000. Cubist Systematic Strategies LLC bought a new position in ChannelAdvisor during the 2nd quarter valued at approximately $138,000. Finally, Alliancebernstein L.P. bought a new position in ChannelAdvisor during the 2nd quarter valued at approximately $193,000. 81.72% of the stock is owned by institutional investors and hedge funds.
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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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