ValuEngine Downgrades Amber Road (AMBR) to Sell

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

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

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Shares of AMBR stock opened at $8.55 on Wednesday. Amber Road has a 52-week low of $6.14 and a 52-week 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 announced its quarterly earnings data on Thursday, February 15th. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. Amber Road had a negative net margin of 16.41% and a negative return on equity of 48.81%. The company had revenue of $20.63 million during the quarter, compared to analysts’ expectations of $20.51 million. equities analysts predict that Amber Road will post -0.43 EPS for the current year.

Several institutional investors have recently made changes to their positions in AMBR. Wells Fargo & Company MN increased its position in shares of 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 purchasing an additional 8,547 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Amber Road by 27.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,788 shares of the software maker’s stock valued at $162,000 after acquiring an additional 4,042 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in Amber Road in the 4th quarter valued at about $168,000. OxFORD Asset Management LLP acquired a new stake in Amber Road in the 3rd quarter valued at about $180,000. Finally, Citadel Advisors LLC increased its position in Amber Road by 33.0% in the 3rd quarter. Citadel Advisors LLC now owns 29,446 shares of the software maker’s stock valued at $226,000 after acquiring an additional 7,304 shares in the last quarter. Institutional investors and hedge funds own 75.28% of the company’s stock.

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Amber Road Company Profile

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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