ChannelAdvisor Corporation (NYSE:ECOM) Receives Consensus Recommendation of “Hold” from Analysts
ChannelAdvisor Corporation (NYSE:ECOM) has been given an average recommendation of “Hold” by the nine research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $18.00.
Several equities research analysts have recently commented on the company. BidaskClub raised ChannelAdvisor Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. Zacks Investment Research raised ChannelAdvisor Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Tuesday, June 13th. Robert W. Baird reissued a “neutral” rating on shares of ChannelAdvisor Corporation in a report on Monday, July 3rd. TheStreet downgraded ChannelAdvisor Corporation from a “c-” rating to a “d+” rating in a report on Monday, June 5th. Finally, ValuEngine raised ChannelAdvisor Corporation from a “sell” rating to a “hold” rating in a report on Thursday, May 18th.
Shares of ChannelAdvisor Corporation (ECOM) traded up 6.09% during trading on Friday, reaching $10.45. 66,722 shares of the company traded hands. The stock’s market cap is $276.20 million. The stock’s 50 day moving average price is $10.98 and its 200-day moving average price is $11.49. ChannelAdvisor Corporation has a 12 month low of $9.85 and a 12 month high of $15.85.
ChannelAdvisor Corporation (NYSE:ECOM) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $30 million for the quarter, compared to analyst estimates of $28.65 million. During the same period last year, the company earned ($0.11) EPS. The company’s revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts expect that ChannelAdvisor Corporation will post ($0.02) EPS for the current fiscal year.
In other ChannelAdvisor Corporation news, Director Marc Huffman purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average price of $10.00 per share, for a total transaction of $100,000.00. Following the purchase, the director now owns 36,411 shares in the company, valued at $364,110. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider M Scot Wingo sold 15,000 shares of the stock in a transaction on Monday, June 19th. The shares were sold at an average price of $11.57, for a total value of $173,550.00. Following the completion of the sale, the insider now owns 867,896 shares in the company, valued at approximately $10,041,556.72. The disclosure for this sale can be found here. In the last three months, insiders sold 45,000 shares of company stock valued at $509,550. 11.30% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Teachers Advisors LLC boosted 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 worth $520,000 after buying an additional 423 shares during the period. Wells Fargo & Company MN boosted 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 worth $220,000 after buying an additional 446 shares during the period. Schwab Charles Investment Management Inc. boosted 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 worth $1,126,000 after buying an additional 646 shares during the period. American International Group Inc. boosted 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 worth $159,000 after buying an additional 946 shares during the period. Finally, Rhumbline Advisers boosted 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 worth $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.
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ChannelAdvisor Corporation Company Profile
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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