ChannelAdvisor Corporation (ECOM) Earns Coverage Optimism Rating of -0.03
News coverage about ChannelAdvisor Corporation (NYSE:ECOM) has trended somewhat negative on Saturday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. ChannelAdvisor Corporation earned a news sentiment score of -0.03 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 46.9004121789263 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
ChannelAdvisor Corporation (ECOM) traded up 0.51% during midday trading on Friday, hitting $9.95. 45,358 shares of the stock were exchanged. The firm’s 50 day moving average price is $10.75 and its 200 day moving average price is $11.31. ChannelAdvisor Corporation has a 12 month low of $9.85 and a 12 month high of $15.85. The company’s market cap is $262.99 million.
ChannelAdvisor Corporation (NYSE:ECOM) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.15) earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $28.65 million. During the same period in the previous year, the firm earned ($0.11) EPS. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. On average, equities research analysts forecast that ChannelAdvisor Corporation will post ($0.02) earnings per share for the current fiscal year.
Several brokerages recently issued reports on ECOM. BidaskClub upgraded shares of ChannelAdvisor Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Robert W. Baird restated a “neutral” rating on shares of ChannelAdvisor Corporation in a report on Monday, July 3rd. Zacks Investment Research cut shares of ChannelAdvisor Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. TheStreet cut shares of ChannelAdvisor Corporation from a “c-” rating to a “d+” rating in a report on Monday, June 5th. Finally, ValuEngine cut shares of ChannelAdvisor Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $15.50.
In related news, Director Marc Huffman bought 10,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were bought at an average price of $10.00 per share, with a total value of $100,000.00. Following the transaction, the director now owns 36,411 shares in the company, valued at $364,110. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider M Scot Wingo sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $11.09, for a total transaction of $166,350.00. Following the sale, the insider now directly owns 852,896 shares in the company, valued at approximately $9,458,616.64. The disclosure for this sale can be found here. 11.30% of the stock is owned by insiders.
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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