Amber Road (AMBR) Upgraded to Hold at ValuEngine

Amber Road (NYSE:AMBR) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Several other equities research analysts also recently issued reports on the company. Canaccord Genuity cut their price objective on Amber Road from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Needham & Company LLC reissued a “buy” rating and set a $11.00 target price on shares of Amber Road in a research note on Wednesday, November 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $11.75.

Amber Road (AMBR) traded up $0.21 during mid-day trading on Tuesday, hitting $9.89. The company had a trading volume of 272,894 shares, compared to its average volume of 196,885. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market cap of $262.90, a P/E ratio of -21.04 and a beta of 0.72. Amber Road has a 52-week low of $6.14 and a 52-week high of $10.29.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Amber Road by 12.8% during the 2nd quarter. Vanguard Group Inc. now owns 817,604 shares of the software maker’s stock worth $7,007,000 after purchasing an additional 92,670 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its stake in Amber Road by 51.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 346,175 shares of the software maker’s stock worth $2,659,000 after purchasing an additional 117,020 shares in the last quarter. Cadence Capital Management LLC grew its stake in Amber Road by 58.2% during the 3rd quarter. Cadence Capital Management LLC now owns 113,959 shares of the software maker’s stock worth $875,000 after purchasing an additional 41,939 shares in the last quarter. Bank of Montreal Can grew its stake in Amber Road by 13.9% during the 4th quarter. Bank of Montreal Can now owns 646,273 shares of the software maker’s stock worth $4,744,000 after purchasing an additional 78,624 shares in the last quarter. Finally, Oaktop Capital Management II L.P. grew its stake in Amber Road by 25.5% during the 3rd quarter. Oaktop Capital Management II L.P. now owns 1,196,812 shares of the software maker’s stock worth $9,192,000 after purchasing an additional 242,852 shares in the last quarter. 71.00% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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