ChannelAdvisor (ECOM) Given News Impact Rating of -0.02
News headlines about ChannelAdvisor (NYSE:ECOM) have trended somewhat negative this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ChannelAdvisor earned a coverage optimism score of -0.02 on Accern’s scale. Accern also assigned headlines about the software maker an impact score of 44.4750798003991 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several brokerages have recently issued reports on ECOM. BidaskClub downgraded shares of ChannelAdvisor from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $13.00 target price on shares of ChannelAdvisor in a research note on Friday, November 3rd. DA Davidson started coverage on shares of ChannelAdvisor in a research note on Friday, September 22nd. They issued a “neutral” rating and a $12.50 target price on the stock. Dougherty & Co started coverage on shares of ChannelAdvisor in a research report on Tuesday, December 19th. They set a “neutral” rating on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $18.00 price objective on shares of ChannelAdvisor in a research report on Sunday, September 17th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. ChannelAdvisor currently has an average rating of “Hold” and a consensus price target of $14.13.
Shares of ChannelAdvisor (NYSE:ECOM) traded up $0.30 during trading on Friday, reaching $9.45. 47,841 shares of the company were exchanged, compared to its average volume of 174,696. The company has a market capitalization of $251.08, a P/E ratio of -24.23 and a beta of 0.10. ChannelAdvisor has a 12 month low of $8.30 and a 12 month high of $15.00. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01.
ChannelAdvisor (NYSE:ECOM) last issued its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.15) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.02. The company had revenue of $30.10 million for the quarter, compared to the consensus estimate of $30.08 million. ChannelAdvisor had a negative net margin of 8.54% and a negative return on equity of 9.48%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. equities research analysts predict that ChannelAdvisor will post -0.58 earnings per share for the current fiscal year.
In other ChannelAdvisor news, insider M Scot Wingo sold 15,000 shares of the stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $12.04, for a total value of $180,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Cook purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was acquired at an average price of $8.80 per share, for a total transaction of $88,000.00. Following the completion of the transaction, the chief financial officer now directly owns 153,445 shares of the company’s stock, valued at approximately $1,350,316. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 30,000 shares of company stock worth $257,913. 11.30% of the stock is owned by insiders.
ChannelAdvisor 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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