Brokerages Set ChannelAdvisor Corp (ECOM) Target Price at $14.13

ChannelAdvisor Corp (NYSE:ECOM) has earned an average rating of “Hold” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $14.13.

ECOM has been the topic of several research analyst reports. BidaskClub downgraded ChannelAdvisor from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Stifel Nicolaus reiterated a “buy” rating and set a $13.00 price target on shares of ChannelAdvisor in a research note on Friday, November 3rd. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of ChannelAdvisor in a research note on Wednesday, November 1st. Dougherty & Co started coverage on ChannelAdvisor in a research note on Tuesday, December 19th. They set a “neutral” rating on the stock. Finally, DA Davidson started coverage on ChannelAdvisor in a research note on Friday, September 22nd. They set a “neutral” rating and a $12.50 price target on the stock.

ChannelAdvisor (ECOM) traded down $0.05 on Monday, hitting $9.05. The stock had a trading volume of 19,600 shares, compared to its average volume of 66,214. The company has a market cap of $240.46, a price-to-earnings ratio of -23.21 and a beta of 0.10. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01. ChannelAdvisor has a 52-week low of $8.30 and a 52-week high of $15.15.

ChannelAdvisor (NYSE:ECOM) last released its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. The firm had revenue of $30.10 million during the quarter, compared to analyst estimates of $30.08 million. ChannelAdvisor had a negative return on equity of 9.48% and a negative net margin of 8.54%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.12) EPS. research analysts forecast that ChannelAdvisor will post -0.58 earnings per share for the current fiscal year.

In related news, insider M Scot Wingo sold 15,000 shares of the stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $12.04, for a total value of $180,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph L. Cowan purchased 16,870 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average cost of $8.48 per share, with a total value of $143,057.60. The disclosure for this purchase can be found here. Insiders purchased a total of 30,000 shares of company stock valued at $257,913 in the last ninety days. 11.30% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new stake in shares of ChannelAdvisor in the third quarter valued at approximately $571,000. Disciplined Growth Investors Inc. MN increased its holdings in shares of ChannelAdvisor by 10.2% in the third quarter. Disciplined Growth Investors Inc. MN now owns 705,555 shares of the software maker’s stock valued at $8,114,000 after purchasing an additional 65,573 shares during the last quarter. OxFORD Asset Management LLP increased its holdings in shares of ChannelAdvisor by 39.6% in the third quarter. OxFORD Asset Management LLP now owns 49,864 shares of the software maker’s stock valued at $574,000 after purchasing an additional 14,155 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of ChannelAdvisor by 52.8% in the third quarter. Wells Fargo & Company MN now owns 29,202 shares of the software maker’s stock valued at $336,000 after purchasing an additional 10,091 shares during the last quarter. Finally, Archon Capital Management LLC grew its position in ChannelAdvisor by 42.7% in the third quarter. Archon Capital Management LLC now owns 839,874 shares of the software maker’s stock worth $9,659,000 after acquiring an additional 251,364 shares during the period. 81.72% of the stock is owned by hedge funds and other institutional investors.

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ChannelAdvisor 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.

Analyst Recommendations for ChannelAdvisor (NYSE:ECOM)

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