ChannelAdvisor (NYSE:ECOM) has been given a $17.00 price objective by research analysts at First Analysis in a research report issued on Wednesday, June 13th. The firm presently has a “buy” rating on the software maker’s stock. First Analysis’ price target would suggest a potential upside of 16.84% from the stock’s current price.
ECOM has been the subject of a number of other research reports. Stifel Nicolaus reiterated a “buy” rating and set a $12.00 price target (down previously from $13.00) on shares of ChannelAdvisor in a research note on Wednesday, February 14th. DA Davidson lifted their target price on shares of ChannelAdvisor from $11.50 to $13.00 and gave the stock a “buy” rating in a research report on Monday, April 23rd. ValuEngine raised shares of ChannelAdvisor from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Robert W. Baird lifted their target price on shares of ChannelAdvisor from $9.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, May 11th. Finally, Zacks Investment Research raised shares of ChannelAdvisor from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Tuesday, April 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $15.00.
Shares of ECOM opened at $14.55 on Wednesday. ChannelAdvisor has a one year low of $8.30 and a one year high of $15.63.
ChannelAdvisor (NYSE:ECOM) last issued its earnings results on Thursday, May 10th. The software maker reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.15. The company had revenue of $31.40 million during the quarter, compared to the consensus estimate of $29.97 million. ChannelAdvisor had a negative return on equity of 14.23% and a negative net margin of 9.28%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the business posted ($0.10) EPS. research analysts predict that ChannelAdvisor will post -0.4 EPS for the current fiscal year.
In related news, Director Janet Raye Cowell sold 2,400 shares of ChannelAdvisor stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $14.65, for a total value of $35,160.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Richard Cornetta sold 11,000 shares of ChannelAdvisor stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $14.55, for a total transaction of $160,050.00. Following the completion of the sale, the insider now directly owns 51,106 shares in the company, valued at approximately $743,592.30. The disclosure for this sale can be found here. Insiders sold a total of 63,400 shares of company stock worth $924,710 in the last ninety days. 7.80% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its holdings in shares of ChannelAdvisor by 300.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,636 shares of the software maker’s stock worth $105,000 after purchasing an additional 8,729 shares during the period. Russell Investments Group Ltd. raised its holdings in ChannelAdvisor by 113.5% during the 1st quarter. Russell Investments Group Ltd. now owns 12,990 shares of the software maker’s stock valued at $118,000 after acquiring an additional 6,905 shares during the period. Stone Ridge Asset Management LLC bought a new stake in ChannelAdvisor during the 4th quarter valued at $184,000. Levin Capital Strategies L.P. raised its holdings in ChannelAdvisor by 82.3% during the 4th quarter. Levin Capital Strategies L.P. now owns 29,500 shares of the software maker’s stock valued at $265,000 after acquiring an additional 13,316 shares during the period. Finally, SG Americas Securities LLC bought a new stake in ChannelAdvisor during the 4th quarter valued at $299,000. 71.32% of the stock is currently owned by institutional investors.
ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps retailers and branded manufacturers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.
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