BidaskClub upgraded shares of ChannelAdvisor Corporation (NYSE:ECOM) from a strong sell rating to a sell rating in a report issued on Thursday.
Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded ChannelAdvisor Corporation from a strong-buy rating to a hold rating in a report on Wednesday, April 12th. Robert W. Baird reiterated a neutral rating on shares of ChannelAdvisor Corporation in a report on Monday, July 3rd. TheStreet downgraded ChannelAdvisor Corporation from a c- rating to a d+ rating in a report on Monday, June 5th. ValuEngine upgraded ChannelAdvisor Corporation from a sell rating to a hold rating in a report on Thursday, May 18th. Finally, First Analysis downgraded ChannelAdvisor Corporation from an overweight rating to an equal weight rating in a report on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $15.50.
Shares of ChannelAdvisor Corporation (NYSE:ECOM) traded down 1.56% during midday trading on Thursday, reaching $10.09. The company had a trading volume of 74,159 shares. ChannelAdvisor Corporation has a 1-year low of $10.05 and a 1-year high of $15.85. The stock’s market capitalization is $266.69 million. The firm’s 50 day moving average price is $11.28 and its 200-day moving average price is $11.65.
ChannelAdvisor Corporation (NYSE:ECOM) last announced its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.05. ChannelAdvisor Corporation had a negative net margin of 7.42% and a negative return on equity of 7.57%. The company had revenue of $30 million during the quarter, compared to analysts’ expectations of $28.65 million. During the same quarter in the prior year, the business posted ($0.11) earnings per share. The company’s revenue was up 10.7% compared to the same quarter last year. Equities research analysts expect that ChannelAdvisor Corporation will post ($0.01) EPS for the current fiscal year.
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In related news, insider M Scot Wingo sold 15,000 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $11.09, for a total transaction of $166,350.00. Following the transaction, the insider now directly owns 852,896 shares in the company, valued at approximately $9,458,616.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 45,000 shares of company stock worth $509,550. 11.30% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Tudor Investment Corp ET AL acquired a new position in shares of ChannelAdvisor Corporation during the first quarter valued at $120,000. ClariVest Asset Management LLC acquired a new position in shares of ChannelAdvisor Corporation during the first quarter valued at $136,000. First Manhattan Co. acquired a new position in shares of ChannelAdvisor Corporation during the first quarter valued at $168,000. Acadian Asset Management LLC increased its position in shares of ChannelAdvisor Corporation by 79.9% in the first quarter. Acadian Asset Management LLC now owns 13,259 shares of the software maker’s stock valued at $148,000 after buying an additional 5,890 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of ChannelAdvisor Corporation by 1,117.0% in the first quarter. Tower Research Capital LLC TRC now owns 14,239 shares of the software maker’s stock valued at $159,000 after buying an additional 13,069 shares during the period. Hedge funds and other institutional investors own 81.30% of the company’s stock.
ChannelAdvisor Corporation Company Profile
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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