Amber Road (NYSE:AMBR) Cut to Sell at ValuEngine

Amber Road (NYSE:AMBR) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, April 11th.

A number of other research analysts also recently commented on the company. Canaccord Genuity downgraded Amber Road from a “buy” rating to a “hold” rating and increased their price target for the company from $9.74 to $10.00 in a report on Friday, February 16th. Needham & Company LLC increased their price target on Amber Road from $11.00 to $13.00 and gave the company a “buy” rating in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $11.75.

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Shares of AMBR opened at $8.59 on Wednesday. Amber Road has a one year low of $6.14 and a one year high of $10.29. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.66 and a quick ratio of 0.66.



Amber Road (NYSE:AMBR) last issued its quarterly earnings results on Thursday, February 15th. The software maker reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. The firm had revenue of $20.63 million during the quarter, compared to the consensus estimate of $20.51 million. Amber Road had a negative return on equity of 48.81% and a negative net margin of 16.41%. research analysts predict that Amber Road will post -0.43 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its holdings in Amber Road by 27.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,788 shares of the software maker’s stock worth $162,000 after buying an additional 4,042 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Amber Road by 73.6% during the 3rd quarter. Wells Fargo & Company MN now owns 20,167 shares of the software maker’s stock worth $155,000 after buying an additional 8,547 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in Amber Road during the 4th quarter worth approximately $168,000. OxFORD Asset Management LLP bought a new position in Amber Road during the 3rd quarter worth approximately $180,000. Finally, Citadel Advisors LLC lifted its holdings in Amber Road by 33.0% during the 3rd quarter. Citadel Advisors LLC now owns 29,446 shares of the software maker’s stock worth $226,000 after buying an additional 7,304 shares during the last quarter. 75.28% of the stock is currently owned by institutional investors.

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About Amber Road

Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. The company's GTM solutions include modules for logistics contract and rate management; supply chain visibility and event management; international trade compliance; and global knowledge trade content database, supply chain collaboration with overseas factories and vendors, and duty management solutions to importers and exporters, nonvessel owning common carriers (resellers), and ocean carriers.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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