ChannelAdvisor Corp. (NYSE:ECOM) has been assigned an average rating of “Buy” from the six analysts that are covering the company. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $15.67.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered ChannelAdvisor Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Pacific Crest reiterated a “hold” rating on shares of ChannelAdvisor Corp. in a research report on Friday, August 5th. Finally, Needham & Company LLC initiated coverage on ChannelAdvisor Corp. in a report on Friday. They set a “buy” rating and a $16.00 target price for the company.
In other ChannelAdvisor Corp. news, insider M Scot Wingo sold 60,000 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $12.19, for a total value of $731,400.00. Following the completion of the sale, the insider now owns 1,030,505 shares in the company, valued at approximately $12,561,855.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Mark Cook acquired 10,000 shares of the company’s stock in a transaction on Tuesday, August 23rd. The stock was acquired at an average price of $12.26 per share, with a total value of $122,600.00. Following the acquisition, the chief financial officer now owns 100,529 shares in the company, valued at approximately $1,232,485.54. The disclosure for this purchase can be found here. Corporate insiders own 11.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in ECOM. State Street Corp boosted its stake in ChannelAdvisor Corp. by 4.7% in the first quarter. State Street Corp now owns 318,422 shares of the company’s stock valued at $3,582,000 after buying an additional 14,436 shares during the period. Geode Capital Management LLC boosted its stake in ChannelAdvisor Corp. by 1.1% in the first quarter. Geode Capital Management LLC now owns 151,321 shares of the company’s stock valued at $1,702,000 after buying an additional 1,591 shares during the period. A.R.T. Advisors LLC boosted its stake in ChannelAdvisor Corp. by 12.5% in the first quarter. A.R.T. Advisors LLC now owns 68,209 shares of the company’s stock valued at $767,000 after buying an additional 7,600 shares during the period. Royal Bank of Canada boosted its stake in ChannelAdvisor Corp. by 2.8% in the first quarter. Royal Bank of Canada now owns 12,054 shares of the company’s stock valued at $136,000 after buying an additional 328 shares during the period. Finally, Mizuho Securities USA Inc. acquired a new stake in ChannelAdvisor Corp. during the second quarter valued at $145,000. Institutional investors and hedge funds own 83.87% of the company’s stock.
ChannelAdvisor Corp. (NYSE:ECOM) traded down 0.24% during midday trading on Friday, hitting $12.53. The stock had a trading volume of 99,806 shares. The firm’s 50-day moving average price is $12.58 and its 200 day moving average price is $12.94. The company’s market cap is $321.97 million. ChannelAdvisor Corp. has a 12 month low of $8.71 and a 12 month high of $15.91.
ChannelAdvisor Corp. (NYSE:ECOM) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.03. The firm had revenue of $27.10 million for the quarter, compared to analyst estimates of $26.99 million. ChannelAdvisor Corp. had a negative return on equity of 19.19% and a negative net margin of 15.63%. The company’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.10) EPS. On average, analysts expect that ChannelAdvisor Corp. will post ($0.25) earnings per share for the current fiscal year.
About ChannelAdvisor Corp.
ChannelAdvisor Corporation is a provider of software as a service (SaaS) solutions. The Company’s SaaS solutions enable its retailer and manufacturer customers to integrate and manage their merchandise sales across various online channels. Through its platform, the Company enables its customers to connect with various sources of demand for their products, including e-commerce marketplaces, such as Amazon, eBay, Jet.com, Newegg and Sears, search engines and comparison shopping Websites, such as Google, Microsoft’s Bing and Nextag, and other channels, such as Facebook and Pinterest.
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