Amber Road (AMBR) Getting Somewhat Positive Press Coverage, Report Shows
Media headlines about Amber Road (NYSE:AMBR) have trended somewhat positive on Tuesday, according to AlphaOne. The research firm, a subsidiary of Accern, ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Amber Road earned a news impact score of 0.09 on AlphaOne’s scale. AlphaOne also assigned press coverage about the software maker an impact score of 66 out of 100, indicating that recent press coverage is likely to have an impact on the stock’s share price in the next few days.
Several brokerages recently commented on AMBR. Zacks Investment Research downgraded shares of Amber Road from a “hold” rating to a “sell” rating in a research report on Thursday, February 23rd. Canaccord Genuity restated a “buy” rating and issued a $11.00 price target on shares of Amber Road in a research report on Tuesday, May 9th. Ladenburg Thalmann Financial Services restated a “buy” rating and issued a $15.00 price target on shares of Amber Road in a research report on Monday, June 12th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $11.00 target price on shares of Amber Road in a research report on Monday, June 5th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $12.14.
Amber Road (NYSE AMBR) opened at 8.24 on Tuesday. The company’s market cap is $222.94 million. The stock’s 50 day moving average is $7.78 and its 200-day moving average is $8.31. Amber Road has a 12-month low of $6.71 and a 12-month high of $12.30.
Amber Road (NYSE:AMBR) last announced its quarterly earnings data on Monday, May 8th. The software maker reported ($0.16) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.02. The business had revenue of $18.60 million for the quarter, compared to analyst estimates of $18.55 million. Amber Road had a negative net margin of 23.35% and a negative return on equity of 48.51%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. Analysts predict that Amber Road will post ($0.40) earnings per share for the current fiscal year.
In other news, insider Nathan Pieri sold 4,920 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $7.66, for a total value of $37,687.20. Following the sale, the insider now owns 22,488 shares of the company’s stock, valued at $172,258.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Albert C. Cooke III sold 4,182 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $7.30, for a total transaction of $30,528.60. Following the completion of the sale, the vice president now directly owns 8,000 shares in the company, valued at approximately $58,400. The disclosure for this sale can be found here. In the last three months, insiders sold 958,995 shares of company stock worth $6,925,838. 13.10% of the stock is currently owned by insiders.
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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