Stock analysts at DA Davidson started coverage on shares of ChannelAdvisor Corporation (NYSE:ECOM) in a report issued on Friday. The firm set a “neutral” rating and a $12.50 price target on the software maker’s stock. DA Davidson’s target price suggests a potential upside of 12.11% from the stock’s current price.

A number of other research firms also recently issued reports on ECOM. Zacks Investment Research raised ChannelAdvisor Corporation from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Tuesday, June 13th. First Analysis raised ChannelAdvisor Corporation from an “equal weight” rating to an “overweight” rating and set a $13.00 target price for the company in a research report on Thursday, August 31st. KeyCorp reissued a “hold” rating on shares of ChannelAdvisor Corporation in a research report on Friday, August 25th. TheStreet downgraded ChannelAdvisor Corporation from a “c-” rating to a “d+” rating in a research report on Monday, June 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of ChannelAdvisor Corporation in a research report on Sunday, September 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $14.13.

ChannelAdvisor Corporation (ECOM) opened at 11.15 on Friday. The stock’s 50 day moving average price is $10.64 and its 200 day moving average price is $11.15. ChannelAdvisor Corporation has a 52 week low of $9.80 and a 52 week high of $15.85. The company’s market capitalization is $294.71 million.

ChannelAdvisor Corporation (NYSE:ECOM) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.05). The business had revenue of $30.00 million for the quarter, compared to analysts’ expectations of $28.65 million. ChannelAdvisor Corporation had a negative net margin of 7.42% and a negative return on equity of 7.63%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.11) earnings per share. Analysts anticipate that ChannelAdvisor Corporation will post ($0.02) earnings per share for the current year.

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In related news, Director Marc Huffman purchased 10,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was purchased at an average cost of $10.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the director now directly owns 36,411 shares of the company’s stock, valued at $364,110. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider M Scot Wingo sold 15,000 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $11.72, for a total value of $175,800.00. Following the completion of the transaction, the insider now directly owns 807,896 shares of the company’s stock, valued at $9,468,541.12. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $498,300 over the last three months. Company insiders own 11.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of ChannelAdvisor Corporation by 7.3% in the first quarter. Geode Capital Management LLC now owns 176,351 shares of the software maker’s stock worth $1,965,000 after acquiring an additional 11,937 shares during the period. Shapiro Capital Management LLC boosted its holdings in shares of ChannelAdvisor Corporation by 1.3% in the first quarter. Shapiro Capital Management LLC now owns 3,757,017 shares of the software maker’s stock worth $41,891,000 after acquiring an additional 47,586 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of ChannelAdvisor Corporation by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 138,500 shares of the software maker’s stock worth $1,544,000 after acquiring an additional 7,208 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of ChannelAdvisor Corporation in the first quarter worth $314,000. Finally, Teachers Advisors LLC boosted its holdings in shares of 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 acquiring an additional 423 shares during the period. 81.50% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for ChannelAdvisor Corporation (NYSE:ECOM)

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