ChannelAdvisor Corporation (NYSE:ECOM)‘s stock had its “hold” rating reiterated by stock analysts at KeyCorp in a research report issued to clients and investors on Friday.
Several other brokerages have also recently issued reports on ECOM. First Analysis cut shares of ChannelAdvisor Corporation from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, May 9th. Zacks Investment Research raised shares of ChannelAdvisor Corporation from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Tuesday, June 13th. TheStreet cut shares of ChannelAdvisor Corporation from a “c-” rating to a “d+” rating in a research note on Monday, June 5th. Robert W. Baird reaffirmed a “neutral” rating on shares of ChannelAdvisor Corporation in a research note on Monday, July 3rd. Finally, ValuEngine raised shares of ChannelAdvisor Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, May 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $15.50.
ChannelAdvisor Corporation (ECOM) opened at 9.90 on Friday. The company’s market capitalization is $261.67 million. ChannelAdvisor Corporation has a one year low of $9.80 and a one year high of $15.85. The firm has a 50-day moving average of $10.59 and a 200 day moving average of $11.19.
ChannelAdvisor Corporation (NYSE:ECOM) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.15) earnings per share (EPS) for the quarter, missing the 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 business had revenue of $30 million for the quarter, compared to analyst estimates of $28.65 million. During the same period last year, the firm earned ($0.11) EPS. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities analysts forecast that ChannelAdvisor Corporation will post ($0.02) EPS for the current fiscal year.
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In other news, Director Marc Huffman purchased 10,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were purchased at an average price of $10.00 per share, with a total value of $100,000.00. Following the transaction, the director now owns 36,411 shares in the company, valued at approximately $364,110. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider M Scot Wingo sold 15,000 shares of the business’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $11.57, for a total transaction of $173,550.00. Following the completion of the sale, the insider now owns 867,896 shares in the company, valued at $10,041,556.72. The disclosure for this sale can be found here. Insiders own 11.30% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Tudor Investment Corp ET AL bought a new stake in shares of ChannelAdvisor Corporation during the first quarter valued at about $120,000. Citigroup Inc. raised its stake in shares of ChannelAdvisor Corporation by 166.6% in the second quarter. Citigroup Inc. now owns 10,818 shares of the software maker’s stock valued at $125,000 after buying an additional 6,760 shares during the period. ClariVest Asset Management LLC bought a new stake in shares of ChannelAdvisor Corporation during the first quarter valued at about $136,000. Voya Investment Management LLC bought a new stake in shares of ChannelAdvisor Corporation during the second quarter valued at about $136,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of ChannelAdvisor Corporation during the second quarter valued at about $138,000. Hedge funds and other institutional investors own 80.12% 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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