$29.59 Million in Sales Expected for ChannelAdvisor Corp (ECOM) This Quarter

Analysts expect ChannelAdvisor Corp (NYSE:ECOM) to post $29.59 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for ChannelAdvisor’s earnings, with the lowest sales estimate coming in at $29.40 million and the highest estimate coming in at $29.70 million. ChannelAdvisor posted sales of $28.33 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.4%. The company is expected to announce its next quarterly earnings results on Thursday, May 3rd.

On average, analysts expect that ChannelAdvisor will report full year sales of $29.59 million for the current financial year, with estimates ranging from $126.50 million to $129.89 million. For the next year, analysts anticipate that the firm will post sales of $137.57 million per share, with estimates ranging from $135.50 million to $140.70 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for ChannelAdvisor.

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A number of research firms have recently weighed in on ECOM. Needham & Company LLC dropped their target price on shares of ChannelAdvisor from $18.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, February 14th. Stifel Nicolaus reiterated a “buy” rating and set a $12.00 target price (down from $13.00) on shares of ChannelAdvisor in a report on Wednesday, February 14th. Dougherty & Co began coverage on shares of ChannelAdvisor in a report on Tuesday, December 19th. They set a “neutral” rating for the company. ValuEngine lowered shares of ChannelAdvisor from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Finally, DA Davidson upgraded shares of ChannelAdvisor from a “neutral” rating to a “buy” rating and set a $12.50 target price for the company in a report on Tuesday, February 6th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $12.38.

In related news, CFO Mark Cook acquired 5,500 shares of the stock in a transaction on Friday, February 16th. The stock was acquired at an average cost of $8.87 per share, for a total transaction of $48,785.00. Following the completion of the acquisition, the chief financial officer now directly owns 158,945 shares of the company’s stock, valued at approximately $1,409,842.15. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 11.30% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Prudential Financial Inc. purchased a new stake in ChannelAdvisor in the third quarter worth about $118,000. Tower Research Capital LLC TRC increased its stake in shares of ChannelAdvisor by 300.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,636 shares of the software maker’s stock valued at $105,000 after purchasing an additional 8,729 shares in the last quarter. Voya Investment Management LLC bought a new position in shares of ChannelAdvisor during the second quarter valued at approximately $136,000. Alliancebernstein L.P. bought a new position in shares of ChannelAdvisor during the second quarter valued at approximately $193,000. Finally, Wells Fargo & Company MN increased its stake in shares of ChannelAdvisor by 2.4% during the second quarter. Wells Fargo & Company MN now owns 19,111 shares of the software maker’s stock valued at $220,000 after purchasing an additional 446 shares in the last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.

ChannelAdvisor (NYSE ECOM) traded down $0.05 during midday trading on Monday, reaching $9.45. 16,498 shares of the company’s stock traded hands, compared to its average volume of 70,600. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.01. ChannelAdvisor has a twelve month low of $8.30 and a twelve month high of $12.65. The stock has a market capitalization of $258.07, a price-to-earnings ratio of -15.08 and a beta of 0.13.

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About ChannelAdvisor

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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Earnings History and Estimates for ChannelAdvisor (NYSE:ECOM)

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