ChannelAdvisor Corporation (NYSE:ECOM) has been given a consensus rating of “Hold” by the ten research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $14.50.
Several equities research analysts have recently commented on the stock. BidaskClub downgraded shares of ChannelAdvisor Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. DA Davidson assumed coverage on shares of ChannelAdvisor Corporation in a research note on Friday, September 22nd. They set a “neutral” rating and a $12.50 price objective for the company. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price objective on shares of ChannelAdvisor Corporation in a research note on Sunday, September 17th. First Analysis upgraded shares of ChannelAdvisor Corporation from an “equal weight” rating to an “overweight” rating and set a $13.00 price objective for the company in a research note on Thursday, August 31st. Finally, KeyCorp reiterated a “hold” rating on shares of ChannelAdvisor Corporation in a research note on Friday, August 25th.
ChannelAdvisor Corporation (NYSE ECOM) traded down 1.78% during trading on Wednesday, reaching $11.05. The company had a trading volume of 52,476 shares. The stock’s market capitalization is $292.06 million. The stock has a 50 day moving average of $11.59 and a 200-day moving average of $11.32. ChannelAdvisor Corporation has a 12-month low of $9.80 and a 12-month high of $15.85.
ChannelAdvisor Corporation (NYSE:ECOM) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.15) 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 company had revenue of $30.00 million for the quarter, compared to analyst estimates of $28.65 million. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. On average, analysts forecast that ChannelAdvisor Corporation will post ($0.03) earnings per share for the current fiscal year.
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In related news, Director Marc Huffman bought 10,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was acquired at an average price of $10.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the director now directly owns 36,411 shares of the company’s stock, valued at $364,110. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider M Scot Wingo sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $10.41, for a total transaction of $156,150.00. Following the sale, the insider now directly owns 837,896 shares of the company’s stock, valued at approximately $8,722,497.36. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $512,550 in the last ninety days. 11.30% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in ECOM. Bank of New York Mellon Corp increased its stake in shares of ChannelAdvisor Corporation by 5.5% during 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 purchasing an additional 7,208 shares in the last quarter. American International Group Inc. increased its stake in shares of ChannelAdvisor Corporation by 7.1% during the first quarter. American International Group Inc. now owns 14,290 shares of the software maker’s stock worth $159,000 after purchasing an additional 946 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of ChannelAdvisor Corporation by 10.6% during the first quarter. TIAA CREF Investment Management LLC now owns 149,625 shares of the software maker’s stock worth $1,668,000 after purchasing an additional 14,337 shares in the last quarter. Menta Capital LLC purchased a new stake in shares of ChannelAdvisor Corporation during the first quarter worth about $427,000. Finally, Geode Capital Management LLC increased its stake in shares of ChannelAdvisor Corporation by 7.3% during the first quarter. Geode Capital Management LLC now owns 176,351 shares of the software maker’s stock worth $1,965,000 after purchasing an additional 11,937 shares in the last quarter. 81.48% of the stock is owned by institutional investors and hedge funds.
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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