ChannelAdvisor Corp (NYSE:ECOM) insider M Scot Wingo sold 40,000 shares of the business’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $9.15, for a total value of $366,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NYSE:ECOM opened at $9.05 on Friday. The stock has a market cap of $240.78, a PE ratio of -17.08 and a beta of 0.11. 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 Corp has a 1-year low of $8.30 and a 1-year high of $12.65.
ChannelAdvisor (NYSE:ECOM) last released its quarterly earnings results on Tuesday, February 13th. The software maker reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The company had revenue of $34.11 million for the quarter, compared to analysts’ expectations of $34.39 million. ChannelAdvisor had a negative return on equity of 17.47% and a negative net margin of 13.51%. sell-side analysts anticipate that ChannelAdvisor Corp will post -0.49 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the stock. ArrowMark Colorado Holdings LLC boosted its holdings in ChannelAdvisor by 4.2% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,265,810 shares of the software maker’s stock valued at $38,392,000 after acquiring an additional 173,491 shares during the last quarter. BlackRock Inc. boosted its holdings in ChannelAdvisor by 0.9% in the fourth quarter. BlackRock Inc. now owns 1,561,140 shares of the software maker’s stock valued at $14,050,000 after acquiring an additional 14,112 shares during the last quarter. Archon Capital Management LLC boosted its holdings in ChannelAdvisor by 26.8% in the fourth quarter. Archon Capital Management LLC now owns 1,065,346 shares of the software maker’s stock valued at $9,588,000 after acquiring an additional 225,472 shares during the last quarter. Vanguard Group Inc. boosted its holdings in ChannelAdvisor by 5.8% in the second quarter. Vanguard Group Inc. now owns 1,055,788 shares of the software maker’s stock valued at $12,194,000 after acquiring an additional 57,863 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN boosted its holdings in ChannelAdvisor by 10.2% in the third quarter. Disciplined Growth Investors Inc. MN now owns 705,555 shares of the software maker’s stock valued at $8,114,000 after acquiring an additional 65,573 shares during the last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.
Several brokerages have commented on ECOM. Needham & Company LLC lowered their target price on ChannelAdvisor from $18.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, February 14th. Stifel Nicolaus reissued a “buy” rating and set a $12.00 target price (down previously from $13.00) on shares of ChannelAdvisor in a research note on Wednesday, February 14th. Dougherty & Co began coverage on ChannelAdvisor in a research note on Tuesday, December 19th. They set a “neutral” rating for the company. ValuEngine downgraded ChannelAdvisor from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Finally, DA Davidson raised ChannelAdvisor from a “neutral” rating to a “buy” rating and set a $12.50 target price for the company in a research note on Tuesday, February 6th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $12.38.
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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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