Amber Road Inc (NYSE:AMBR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

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. “

Separately, Needham & Company LLC restated a “buy” rating and issued a $11.00 target price on shares of Amber Road in a research note on Friday, February 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $11.80.

Analyst Recommendations for Amber Road (NYSE:AMBR)

Shares of Amber Road (NYSE:AMBR) traded down 0.27% during midday trading on Tuesday, reaching $7.39. 83,344 shares of the company’s stock were exchanged. Amber Road has a 1-year low of $4.50 and a 1-year high of $12.30. The firm has a 50-day moving average of $7.33 and a 200-day moving average of $9.06. The company’s market capitalization is $199.77 million.

Amber Road (NYSE:AMBR) last released its quarterly earnings data on Thursday, February 16th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.10). Amber Road had a negative return on equity of 50.09% and a negative net margin of 29.32%. The firm earned $19.20 million during the quarter, compared to analyst estimates of $18.67 million. During the same period in the prior year, the company posted ($0.21) earnings per share. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. Equities analysts expect that Amber Road will post ($0.38) earnings per share for the current fiscal year.

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In related news, VP Albert C. Cooke III sold 9,977 shares of Amber Road stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $7.78, for a total value of $77,621.06. Following the completion of the sale, the vice president now directly owns 12,977 shares in the company, valued at $100,961.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Donald R. Caldwell sold 582,862 shares of Amber Road stock in a transaction dated Monday, April 10th. The stock was sold at an average price of $7.06, for a total value of $4,115,005.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 970,425 shares of company stock valued at $7,017,678. 32.30% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Trexquant Investment LP bought a new position in shares of Amber Road during the fourth quarter worth about $181,000. Oaktop Capital Management II L.P. bought a new position in shares of Amber Road during the third quarter worth about $205,000. AQR Capital Management LLC bought a new position in shares of Amber Road during the fourth quarter worth about $333,000. USA Financial Portformulas Corp bought a new position in shares of Amber Road during the fourth quarter worth about $385,000. Finally, Teachers Advisors LLC boosted its position in shares of Amber Road by 38.8% in the fourth quarter. Teachers Advisors LLC now owns 45,409 shares of the software maker’s stock worth $412,000 after buying an additional 12,698 shares during the period. Hedge funds and other institutional investors own 59.76% of the company’s stock.

Amber Road Company Profile

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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