Amber Road Inc. (AMBR) Lowered to Hold at Zacks Investment Research
According to Zacks, “Amber Road, Inc. operates as a provider of on-demand Global Trade Management solutions. It offers import and export, global logistics, and trade agreement management solutions worldwide. The Company’s solutions include Enterprise-Class Software, Trade Content, Supply Chain Network, Flexible Technology and SaaS Delivery. It offers its solution to enterprises in various industries, including chemical/pharmaceutical, high technology/electronics, industrial/manufacturing, logistics, oil and gas, and retail/apparel through a software-as-a-service model. Amber Road, Inc. is headquartered in East Rutherford, New Jersey. “
Other analysts have also issued reports about the stock. Stifel Nicolaus upped their price objective on shares of Amber Road from $10.00 to $12.00 and gave the stock a buy rating in a research note on Friday, August 5th. FBR & Co increased their price target on shares of Amber Road from $10.00 to $12.00 and gave the company an outperform rating in a research report on Friday, August 5th. Pacific Crest reissued a hold rating on shares of Amber Road in a research report on Friday, August 5th. Needham & Company LLC reissued a buy rating and set a $11.00 price target (up from $7.00) on shares of Amber Road in a research report on Monday, June 20th. Finally, Raymond James Financial Inc. increased their price target on shares of Amber Road from $10.50 to $13.00 and gave the company an outperform rating in a research report on Monday, August 15th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Amber Road has a consensus rating of Buy and an average target price of $10.83.
Shares of Amber Road (NYSE:AMBR) traded up 2.510% during mid-day trading on Tuesday, hitting $10.005. 139,933 shares of the stock were exchanged. Amber Road has a 52-week low of $3.42 and a 52-week high of $11.29. The firm’s market cap is $264.73 million. The stock has a 50-day moving average price of $10.22 and a 200 day moving average price of $7.58.
Amber Road (NYSE:AMBR) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.02. Amber Road had a negative return on equity of 52.48% and a negative net margin of 33.51%. The business earned $18.10 million during the quarter, compared to analysts’ expectations of $17.77 million. During the same period last year, the company earned ($0.19) earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts expect that Amber Road will post ($0.51) earnings per share for the current year.
In other news, VP Albert C. Cooke III sold 20,080 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $10.50, for a total transaction of $210,840.00. Following the transaction, the vice president now owns 31,914 shares in the company, valued at $335,097. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Donald R. Caldwell sold 1,450,000 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $9.00, for a total transaction of $13,050,000.00. The disclosure for this sale can be found here. Insiders own 32.30% of the company’s stock.
Several institutional investors have recently bought and sold shares of AMBR. Royce & Associates LP increased its position in Amber Road by 67.8% in the first quarter. Royce & Associates LP now owns 1,176,950 shares of the company’s stock valued at $6,367,000 after buying an additional 475,585 shares during the period. Allianz Asset Management AG bought a new position in Amber Road during the second quarter valued at about $3,535,000. G2 Investment Partners Management LLC increased its position in Amber Road by 30.8% in the second quarter. G2 Investment Partners Management LLC now owns 1,391,430 shares of the company’s stock valued at $10,728,000 after buying an additional 327,600 shares during the period. Spark Investment Management LLC bought a new position in Amber Road during the second quarter valued at about $928,000. Finally, Millrace Asset Group Inc. bought a new position in Amber Road during the second quarter valued at about $829,000. Hedge funds and other institutional investors own 57.42% of the company’s stock.
About Amber Road
Amber Road, Inc is a provider of cloud-based global trade management (GTM) solutions. The Company’s GTM solutions include modules for logistics contract and rate management, supply chain visibility and event management, international trade compliance, and Global Knowledge trade content database to importers and exporters, non-vessel owning common carriers (resellers), and ocean carriers.
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