ChannelAdvisor (NYSE:ECOM) will be posting its quarterly earnings results after the market closes on Thursday, November 8th. Analysts expect ChannelAdvisor to post earnings of ($0.14) per share for the quarter.
ChannelAdvisor (NYSE:ECOM) last announced its quarterly earnings results on Thursday, August 9th. The software maker reported ($0.10) earnings per share for the quarter, hitting the consensus estimate of ($0.10). ChannelAdvisor had a negative net margin of 8.13% and a negative return on equity of 12.48%. The firm had revenue of $32.66 million during the quarter, compared to analysts’ expectations of $31.46 million. During the same quarter in the prior year, the company earned ($0.15) EPS. The company’s revenue was up 8.9% compared to the same quarter last year. On average, analysts expect ChannelAdvisor to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of ECOM opened at $11.49 on Tuesday. ChannelAdvisor has a fifty-two week low of $8.30 and a fifty-two week high of $15.63. The company has a market capitalization of $320.02 million, a PE ratio of -21.68 and a beta of 0.32. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.83.
In related news, insider M Scot Wingo sold 7,800 shares of the stock in a transaction that occurred on Tuesday, October 9th. The shares were sold at an average price of $13.57, for a total transaction of $105,846.00. Following the completion of the sale, the insider now owns 652,907 shares of the company’s stock, valued at $8,859,947.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 60,192 shares of company stock valued at $783,478 in the last ninety days. Corporate insiders own 7.80% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of ChannelAdvisor from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. ValuEngine raised shares of ChannelAdvisor from a “hold” rating to a “buy” rating in a research report on Monday, October 8th. B. Riley set a $18.00 price target on shares of ChannelAdvisor and gave the stock a “buy” rating in a research report on Friday, August 10th. Finally, Needham & Company LLC upped their price target on shares of ChannelAdvisor from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $15.86.
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ChannelAdvisor Company Profile
ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps retailers and branded manufacturers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.
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