ChannelAdvisor (ECOM) Receives Buy Rating from Stifel Nicolaus

ChannelAdvisor (NYSE:ECOM)‘s stock had its “buy” rating reissued by analysts at Stifel Nicolaus in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They currently have a $12.00 price objective on the software maker’s stock, down from their previous price objective of $13.00. Stifel Nicolaus’ price objective suggests a potential upside of 37.14% from the stock’s previous close.

ECOM has been the subject of a number of other reports. Zacks Investment Research cut shares of ChannelAdvisor from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price objective on shares of ChannelAdvisor in a research report on Wednesday, November 1st. DA Davidson upgraded shares of ChannelAdvisor from a “neutral” rating to a “buy” rating and set a $12.50 price objective for the company in a research report on Tuesday, February 6th. Dougherty & Co started coverage on shares of ChannelAdvisor in a research report on Tuesday, December 19th. They set a “neutral” rating for the company. Finally, ValuEngine cut shares of ChannelAdvisor from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.38.

ChannelAdvisor (NYSE ECOM) opened at $8.75 on Wednesday. ChannelAdvisor has a 12-month low of $8.30 and a 12-month high of $12.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.94.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Prudential Financial Inc. acquired a new position in ChannelAdvisor in the 3rd quarter valued at approximately $118,000. Citigroup Inc. increased its position in ChannelAdvisor by 166.6% in the 2nd quarter. Citigroup Inc. now owns 10,818 shares of the software maker’s stock valued at $125,000 after acquiring an additional 6,760 shares during the period. Tower Research Capital LLC TRC increased its position in ChannelAdvisor by 300.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,636 shares of the software maker’s stock valued at $105,000 after acquiring an additional 8,729 shares during the period. Voya Investment Management LLC acquired a new position in ChannelAdvisor in the 2nd quarter valued at approximately $136,000. Finally, Cubist Systematic Strategies LLC acquired a new position in ChannelAdvisor in the 2nd quarter valued at approximately $138,000. Hedge funds and other institutional investors own 71.36% of the company’s stock.

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About ChannelAdvisor

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 (NYSE:ECOM)

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