Equities analysts forecast that ChannelAdvisor Corp (NYSE:ECOM) will post sales of $29.59 million for the current quarter, according to Zacks. 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 reported sales of $28.33 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.4%. The company is expected to issue its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that ChannelAdvisor will report full year sales of $128.73 million for the current fiscal year, with estimates ranging from $126.50 million to $129.89 million. For the next year, analysts forecast that the firm will report sales of $137.57 million per share, with estimates ranging from $135.50 million to $140.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow ChannelAdvisor.
ChannelAdvisor (NYSE:ECOM) last announced its quarterly earnings data on Tuesday, February 13th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. ChannelAdvisor had a negative net margin of 13.51% and a negative return on equity of 17.47%. The company had revenue of $34.11 million during the quarter, compared to analysts’ expectations of $34.39 million.
Several analysts have recently issued reports on ECOM shares. Dougherty & Co started coverage on shares of ChannelAdvisor in a research note on Tuesday, December 19th. They set a “neutral” rating for the company. Zacks Investment Research cut shares of ChannelAdvisor from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. ValuEngine cut shares of ChannelAdvisor from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. DA Davidson raised shares of ChannelAdvisor from a “neutral” rating to a “buy” rating and set a $12.50 price objective for the company in a research note on Tuesday, February 6th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $12.00 price objective (down from $13.00) on shares of ChannelAdvisor in a research note on Wednesday, February 14th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $12.38.
In related news, insider M Scot Wingo sold 40,000 shares of ChannelAdvisor stock in a transaction on Friday, March 16th. The shares were sold at an average price of $9.15, for a total transaction of $366,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark Cook bought 5,500 shares of ChannelAdvisor stock in a transaction that occurred on Friday, February 16th. The shares were acquired at an average price of $8.87 per share, for a total transaction of $48,785.00. Following the acquisition, the chief financial officer now directly owns 158,945 shares in the company, valued at approximately $1,409,842.15. The disclosure for this purchase can be found here. Insiders own 7.80% of the company’s stock.
A number of hedge funds have recently modified their holdings of ECOM. Tower Research Capital LLC TRC lifted its holdings in ChannelAdvisor by 300.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,636 shares of the software maker’s stock worth $105,000 after buying an additional 8,729 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new position in ChannelAdvisor in the 4th quarter worth $184,000. Levin Capital Strategies L.P. lifted its holdings in ChannelAdvisor by 82.3% in the 4th quarter. Levin Capital Strategies L.P. now owns 29,500 shares of the software maker’s stock worth $265,000 after buying an additional 13,316 shares in the last quarter. SG Americas Securities LLC acquired a new position in ChannelAdvisor in the 4th quarter worth $299,000. Finally, Wells Fargo & Company MN lifted its holdings in ChannelAdvisor by 24.7% in the 4th quarter. Wells Fargo & Company MN now owns 36,421 shares of the software maker’s stock worth $327,000 after buying an additional 7,219 shares in the last quarter. Hedge funds and other institutional investors own 74.58% of the company’s stock.
Shares of NYSE ECOM opened at $9.00 on Monday. ChannelAdvisor has a 52-week low of $8.30 and a 52-week high of $12.65. The firm has a market cap of $238.12, a PE ratio of -16.98 and a beta of 0.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.89 and a quick ratio of 1.89.
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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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