ChannelAdvisor Corporation (NYSE:ECOM) Director Purchases $100,000.00 in Stock
ChannelAdvisor Corporation (NYSE:ECOM) Director Marc Huffman acquired 10,000 shares of ChannelAdvisor Corporation stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $10.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the director now directly owns 36,411 shares in the company, valued at approximately $364,110. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
ChannelAdvisor Corporation (ECOM) traded down 1.01% during mid-day trading on Thursday, hitting $9.85. 91,203 shares of the stock were exchanged. The stock’s market capitalization is $260.35 million. The company has a 50-day moving average of $11.03 and a 200-day moving average of $11.50. ChannelAdvisor Corporation has a 52 week low of $9.85 and a 52 week high of $15.85.
ChannelAdvisor Corporation (NYSE:ECOM) last issued its earnings results on Thursday, August 3rd. The software maker reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.05. ChannelAdvisor Corporation had a negative return on equity of 7.63% and a negative net margin of 7.42%. The company had revenue of $30 million for the quarter, compared to the consensus estimate of $28.65 million. During the same quarter in the prior year, the company posted ($0.11) EPS. ChannelAdvisor Corporation’s revenue was up 10.7% compared to the same quarter last year. On average, equities analysts predict that ChannelAdvisor Corporation will post ($0.02) EPS for the current fiscal year.
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A number of research firms recently weighed in on ECOM. TheStreet lowered shares of ChannelAdvisor Corporation from a “c-” rating to a “d+” rating in a research note on Monday, June 5th. ValuEngine downgraded shares of ChannelAdvisor Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. First Analysis downgraded shares of ChannelAdvisor Corporation from an “overweight” rating to an “equal weight” rating in a report on Tuesday, May 9th. Zacks Investment Research downgraded shares of ChannelAdvisor Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, Robert W. Baird reissued a “neutral” rating on shares of ChannelAdvisor Corporation in a report on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $15.50.
A number of institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC raised its stake in ChannelAdvisor Corporation by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 36,234 shares of the software maker’s stock valued at $520,000 after buying an additional 423 shares during the period. Wells Fargo & Company MN raised its stake in ChannelAdvisor Corporation by 2.4% in the second quarter. Wells Fargo & Company MN now owns 19,111 shares of the software maker’s stock valued at $220,000 after buying an additional 446 shares during the period. Schwab Charles Investment Management Inc. raised its stake in ChannelAdvisor Corporation by 0.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 97,489 shares of the software maker’s stock valued at $1,126,000 after buying an additional 646 shares during the period. American International Group Inc. raised its stake in ChannelAdvisor Corporation by 7.1% in the first quarter. American International Group Inc. now owns 14,290 shares of the software maker’s stock valued at $159,000 after buying an additional 946 shares during the period. Finally, Rhumbline Advisers raised its stake in ChannelAdvisor Corporation by 8.5% in the second quarter. Rhumbline Advisers now owns 27,908 shares of the software maker’s stock valued at $322,000 after buying an additional 2,195 shares during the period. Institutional investors and hedge funds own 81.14% of the company’s stock.
About ChannelAdvisor Corporation
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.
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