ValuEngine upgraded shares of Amber Road (NYSE:AMBR) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.
AMBR has been the subject of several other reports. Canaccord Genuity cut their target price on Amber Road from $11.00 to $10.00 and set a buy rating for the company in a research note on Friday, November 3rd. Needham & Company LLC restated a buy rating and set a $11.00 target price on shares of Amber Road in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $11.75.
Shares of Amber Road (NYSE AMBR) opened at $9.89 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.64 and a current ratio of 0.64. Amber Road has a 12 month low of $6.14 and a 12 month high of $10.29. The firm has a market capitalization of $262.90, a price-to-earnings ratio of -21.04 and a beta of 0.72.
Several institutional investors and hedge funds have recently made changes to their positions in AMBR. Northern Trust Corp lifted its stake in shares of Amber Road by 16.6% in the 2nd quarter. Northern Trust Corp now owns 220,084 shares of the software maker’s stock valued at $1,886,000 after acquiring an additional 31,389 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Amber Road by 12.8% in the 2nd quarter. Vanguard Group Inc. now owns 817,604 shares of the software maker’s stock valued at $7,007,000 after acquiring an additional 92,670 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Amber Road by 1.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 11,740 shares of the software maker’s stock valued at $101,000 after acquiring an additional 224 shares during the last quarter. State Street Corp lifted its stake in shares of Amber Road by 4.6% in the 2nd quarter. State Street Corp now owns 270,907 shares of the software maker’s stock valued at $2,322,000 after acquiring an additional 11,987 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Amber Road by 27.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,788 shares of the software maker’s stock valued at $162,000 after acquiring an additional 4,042 shares during the last quarter. Institutional investors own 71.00% of the company’s stock.
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Amber Road Company Profile
Amber Road, Inc is a provider of cloud-based global trade management (GTM) solutions. The Company’s GTM solutions include modules for logistics contract and rate management, supply chain visibility and event management, international trade compliance, and Global Knowledge trade content database to importers and exporters, non-vessel owning common carriers (resellers), and ocean carriers.
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