ChannelAdvisor (NYSE:ECOM) was upgraded by stock analysts at DA Davidson from a “neutral” rating to a “buy” rating in a report issued on Tuesday, February 6th, Marketbeat.com reports. The firm presently has a $12.50 price objective on the software maker’s stock. DA Davidson’s target price points to a potential upside of 42.86% from the stock’s previous close. DA Davidson also issued estimates for ChannelAdvisor’s Q1 2018 earnings at ($0.12) EPS, Q2 2018 earnings at ($0.08) EPS, Q3 2018 earnings at ($0.08) EPS, Q4 2018 earnings at $0.00 EPS and FY2022 earnings at $0.16 EPS.
Other analysts also recently issued reports about the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $13.00 price target on shares of ChannelAdvisor in a research report on Friday, November 3rd. Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of ChannelAdvisor in a research note on Wednesday, November 1st. Dougherty & Co assumed coverage on ChannelAdvisor in a research note on Tuesday, December 19th. They set a “neutral” rating for the company. Zacks Investment Research cut shares of ChannelAdvisor from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Finally, BidaskClub cut shares of ChannelAdvisor from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $12.38.
ChannelAdvisor (NYSE ECOM) opened at $8.75 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.94. ChannelAdvisor has a 52-week low of $8.30 and a 52-week high of $12.65.
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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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