ChannelAdvisor Corp (NYSE:ECOM) has been assigned a consensus recommendation of “Buy” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $18.17.
Several analysts recently weighed in on ECOM shares. Zacks Investment Research lowered ChannelAdvisor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 10th. ValuEngine lowered ChannelAdvisor from a “buy” rating to a “hold” rating in a report on Thursday, August 23rd. Needham & Company LLC boosted their price objective on ChannelAdvisor from $17.00 to $18.00 and gave the company a “buy” rating in a report on Friday, August 10th. Finally, B. Riley set a $18.00 price objective on ChannelAdvisor and gave the company a “buy” rating in a report on Friday, August 10th.
Shares of NYSE:ECOM traded up $0.24 during trading on Thursday, hitting $10.33. The company’s stock had a trading volume of 496,570 shares, compared to its average volume of 93,247. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.93 and a current ratio of 1.93. ChannelAdvisor has a fifty-two week low of $8.35 and a fifty-two week high of $15.63. The stock has a market cap of $271.76 million, a price-to-earnings ratio of -19.49 and a beta of 0.32.
ChannelAdvisor (NYSE:ECOM) last released its quarterly earnings results on Thursday, November 8th. The software maker reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. ChannelAdvisor had a negative return on equity of 10.13% and a negative net margin of 6.64%. The business had revenue of $32.30 million for the quarter, compared to analysts’ expectations of $31.64 million. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts predict that ChannelAdvisor will post -0.34 EPS for the current year.
In other news, insider M Scot Wingo sold 4,700 shares of the company’s stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $12.06, for a total transaction of $56,682.00. Following the completion of the transaction, the insider now directly owns 648,971 shares of the company’s stock, valued at $7,826,590.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.80% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the company. Jefferies Group LLC acquired a new stake in ChannelAdvisor during the 3rd quarter valued at $135,000. Trexquant Investment LP acquired a new stake in shares of ChannelAdvisor in the third quarter valued at approximately $139,000. Globeflex Capital L P acquired a new stake in shares of ChannelAdvisor in the third quarter valued at approximately $147,000. Engineers Gate Manager LP acquired a new stake in shares of ChannelAdvisor in the second quarter valued at approximately $166,000. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of ChannelAdvisor by 51.4% in the second quarter. Cubist Systematic Strategies LLC now owns 14,645 shares of the software maker’s stock valued at $206,000 after purchasing an additional 4,975 shares in the last quarter. 74.32% of the stock is owned by institutional investors.
ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps retailers and branded manufacturers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.
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