ChannelAdvisor (NYSE:ECOM) Downgraded by Zacks Investment Research

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Zacks Investment Research downgraded shares of ChannelAdvisor (NYSE:ECOM) from a buy rating to a hold rating in a research report released on Thursday, Zacks.com reports.

According to Zacks, “Channel Advisor Corporation offers cloud-based e-commerce solutions and services. It solutions include marketplaces, comparison shopping, paid search, social campaigns, flex feeds, web stores and rich media. The company serves traditional retailers, online retailers, brand manufacturers and advertising agencies. Channel Advisor Corporation is headquartered in Morrisville, North Carolina. “

Several other research analysts have also commented on the company. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. First Analysis lowered ChannelAdvisor from a strong-buy rating to an outperform rating and set a $10.02 price objective on the stock. in a research report on Friday, May 10th. Finally, Needham & Company LLC reissued a buy rating and issued a $42.00 price objective (down from $45.00) on shares of Synaptics in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $16.01.

NYSE:ECOM opened at $9.39 on Thursday. The firm has a 50-day moving average of $9.15. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. ChannelAdvisor has a 12 month low of $8.52 and a 12 month high of $15.50. The stock has a market capitalization of $261.56 million, a price-to-earnings ratio of -36.12 and a beta of 0.25.

ChannelAdvisor (NYSE:ECOM) last released its quarterly earnings data on Thursday, May 9th. The software maker reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.17. ChannelAdvisor had a negative return on equity of 7.02% and a negative net margin of 5.16%. The company had revenue of $31.57 million for the quarter, compared to analyst estimates of $31.79 million. During the same period last year, the company posted ($0.02) earnings per share. The firm’s revenue was up .4% compared to the same quarter last year. On average, research analysts predict that ChannelAdvisor will post -0.08 EPS for the current fiscal year.

In other news, insider M Scot Wingo sold 5,442 shares of ChannelAdvisor stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $12.02, for a total transaction of $65,412.84. Following the sale, the insider now directly owns 583,831 shares of the company’s stock, valued at $7,017,648.62. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 8.10% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in ECOM. Cannell Capital LLC lifted its position in ChannelAdvisor by 1,760.7% in the fourth quarter. Cannell Capital LLC now owns 625,156 shares of the software maker’s stock worth $7,096,000 after purchasing an additional 591,559 shares during the period. Martingale Asset Management L P acquired a new position in shares of ChannelAdvisor during the first quarter valued at about $1,715,000. Dimensional Fund Advisors LP raised its position in shares of ChannelAdvisor by 161.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 157,236 shares of the software maker’s stock valued at $1,785,000 after buying an additional 96,983 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of ChannelAdvisor by 95.3% during the first quarter. Acadian Asset Management LLC now owns 192,578 shares of the software maker’s stock valued at $2,346,000 after buying an additional 93,949 shares during the last quarter. Finally, Spark Investment Management LLC raised its position in shares of ChannelAdvisor by 67.2% during the first quarter. Spark Investment Management LLC now owns 151,500 shares of the software maker’s stock valued at $1,845,000 after buying an additional 60,899 shares during the last quarter. 81.83% of the stock is currently owned by institutional investors and hedge funds.

About ChannelAdvisor

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps brands and retailers 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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