ChannelAdvisor Corporation (ECOM) Getting Somewhat Positive Press Coverage, Analysis Finds
News articles about ChannelAdvisor Corporation (NYSE:ECOM) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. ChannelAdvisor Corporation earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 45.0152893407019 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- ChannelAdvisor Corporation (ECOM) Rating Increased to Hold at BidaskClub (americanbankingnews.com)
- ChannelAdvisor Corporation (ECOM) Coverage Initiated by Analysts at DA Davidson (americanbankingnews.com)
- ChannelAdvisor : announces support for Catch marketplace (4-traders.com)
- ChannelAdvisor announces support for Catch marketplace (finance.yahoo.com)
- M Scot Wingo Sells 15,000 Shares of ChannelAdvisor Corporation (ECOM) Stock (americanbankingnews.com)
ChannelAdvisor Corporation (NYSE:ECOM) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $30.00 million during the quarter, compared to the consensus estimate of $28.65 million. During the same period in the previous year, the company posted ($0.11) EPS. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year.
A number of equities research analysts have commented on ECOM shares. DA Davidson started coverage on ChannelAdvisor Corporation in a report on Friday. They issued a “neutral” rating and a $12.50 target price for the company. BidaskClub raised ChannelAdvisor Corporation from a “sell” rating to a “hold” rating in a report on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of ChannelAdvisor Corporation in a report on Sunday, September 17th. 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 report on Thursday, August 31st. Finally, 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 report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $14.13.
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In other news, insider M Scot Wingo sold 15,000 shares of the company’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 sale, the insider now owns 807,896 shares in the company, valued at $9,468,541.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Marc Huffman acquired 10,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was purchased at an average price of $10.00 per share, with a total value of $100,000.00. Following the acquisition, the director now owns 36,411 shares of the company’s stock, valued at $364,110. The disclosure for this purchase can be found here. In the last three months, insiders sold 45,000 shares of company stock valued at $498,300. Company insiders own 11.30% 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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