ValuEngine Upgrades ChannelAdvisor (ECOM) to Sell

ChannelAdvisor (NYSE:ECOM) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Monday.

A number of other equities research analysts have also issued reports on the company. DA Davidson increased their price target on ChannelAdvisor from $11.50 to $13.00 and gave the stock a “buy” rating in a research note on Monday. First Analysis reiterated a “buy” rating and issued a $13.00 price target on shares of ChannelAdvisor in a research note on Monday. Needham & Company LLC cut their price target 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 reiterated a “buy” rating and issued a $12.00 price target (down previously from $13.00) on shares of ChannelAdvisor in a research note on Wednesday, February 14th. Finally, Zacks Investment Research lowered ChannelAdvisor from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. ChannelAdvisor currently has an average rating of “Hold” and a consensus target price of $12.60.

Shares of ECOM stock opened at $12.40 on Monday. ChannelAdvisor has a 52-week low of $8.30 and a 52-week high of $12.65. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $293.99, a price-to-earnings ratio of -23.40 and a beta of 0.11.

ChannelAdvisor (NYSE:ECOM) last issued its quarterly earnings results on Tuesday, February 13th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. ChannelAdvisor had a negative return on equity of 17.47% and a negative net margin of 13.51%. The business had revenue of $34.11 million during the quarter, compared to analyst estimates of $34.39 million. analysts expect that ChannelAdvisor will post -0.49 EPS for the current year.

In related news, insider M Scot Wingo sold 40,000 shares of ChannelAdvisor stock in a transaction dated Friday, March 16th. The stock was 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 is available at this link. Also, CFO Mark Cook purchased 5,500 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was bought at an average price of $8.87 per share, with a total value of $48,785.00. Following the transaction, the chief financial officer now owns 158,945 shares of the company’s stock, valued at approximately $1,409,842.15. The disclosure for this purchase can be found here. Company insiders own 7.80% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Needham Investment Management LLC grew its position in ChannelAdvisor by 71.3% in the fourth quarter. Needham Investment Management LLC now owns 84,117 shares of the software maker’s stock worth $757,000 after acquiring an additional 35,000 shares in the last quarter. GSA Capital Partners LLP purchased a new position in ChannelAdvisor in the third quarter worth about $571,000. ArrowMark Colorado Holdings LLC grew its position 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 worth $38,392,000 after acquiring an additional 173,491 shares in the last quarter. OxFORD Asset Management LLP grew its position in ChannelAdvisor by 39.6% in the third quarter. OxFORD Asset Management LLP now owns 49,864 shares of the software maker’s stock worth $574,000 after acquiring an additional 14,155 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in ChannelAdvisor by 300.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,636 shares of the software maker’s stock worth $105,000 after acquiring an additional 8,729 shares in the last quarter. Institutional investors own 74.58% of the company’s stock.

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ChannelAdvisor Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for ChannelAdvisor (NYSE:ECOM)

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