According to Zacks, “Amber Road, Inc. operates as a provider of on-demand Global Trade Management solutions. It offers import and export, global logistics, and trade agreement management solutions worldwide. The Company’s solutions include Enterprise-Class Software, Trade Content, Supply Chain Network, Flexible Technology and SaaS Delivery. It offers its solution to enterprises in various industries, including chemical/pharmaceutical, high technology/electronics, industrial/manufacturing, logistics, oil and gas, and retail/apparel through a software-as-a-service model. Amber Road, Inc. is headquartered in East Rutherford, New Jersey. “
AMBR has been the topic of several other reports. Raymond James Financial Inc. upped their price target on shares of Amber Road from $10.50 to $13.00 and gave the company an outperform rating in a report on Monday, August 15th. Needham & Company LLC reissued a buy rating and set a $11.00 target price (up from $7.00) on shares of Amber Road in a report on Monday, June 20th. FBR & Co increased their target price on shares of Amber Road from $10.00 to $12.00 and gave the stock an outperform rating in a report on Friday, August 5th. Pacific Crest reissued a hold rating on shares of Amber Road in a report on Friday, August 5th. Finally, Stifel Nicolaus increased their target price on shares of Amber Road from $10.00 to $12.00 and gave the stock a buy rating in a report on Friday, August 5th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Amber Road has an average rating of Buy and a consensus price target of $10.83.
Shares of Amber Road (NYSE:AMBR) opened at 9.90 on Tuesday. The stock has a 50 day moving average of $10.20 and a 200 day moving average of $7.62. Amber Road has a one year low of $3.42 and a one year high of $11.29. The stock’s market cap is $261.95 million.
Amber Road (NYSE:AMBR) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by $0.02. The company earned $18.10 million during the quarter, compared to analyst estimates of $17.77 million. Amber Road had a negative net margin of 33.51% and a negative return on equity of 52.48%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company earned ($0.19) earnings per share. Equities analysts expect that Amber Road will post ($0.51) EPS for the current fiscal year.
In other news, VP Albert C. Cooke III sold 20,080 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $10.50, for a total value of $210,840.00. Following the completion of the sale, the vice president now directly owns 31,914 shares of the company’s stock, valued at $335,097. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donald R. Caldwell sold 1,450,000 shares of the stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $9.00, for a total transaction of $13,050,000.00. The disclosure for this sale can be found here. Company insiders own 32.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of AMBR. Teachers Advisors Inc. raised its stake in Amber Road by 0.6% in the second quarter. Teachers Advisors Inc. now owns 24,950 shares of the company’s stock worth $192,000 after buying an additional 153 shares during the period. Engineers Gate Manager LP bought a new stake in Amber Road during the second quarter worth about $229,000. Mycio Wealth Partners LLC raised its stake in Amber Road by 17.3% in the second quarter. Mycio Wealth Partners LLC now owns 21,718 shares of the company’s stock worth $167,000 after buying an additional 3,200 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Amber Road by 14.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 154,750 shares of the company’s stock valued at $1,193,000 after buying an additional 19,741 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of Amber Road by 0.3% in the second quarter. BlackRock Fund Advisors now owns 457,828 shares of the company’s stock valued at $3,530,000 after buying an additional 1,530 shares during the last quarter. 57.42% of the stock is owned by institutional investors and hedge funds.
About Amber Road
Amber Road, Inc is a provider of cloud-based global trade management (GTM) solutions. 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 to importers and exporters, non-vessel owning common carriers (resellers), and ocean carriers.
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