ChannelAdvisor (NYSE:ECOM) had its price objective lifted by analysts at B. Riley from $12.00 to $14.00 in a report issued on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the software maker’s stock. B. Riley’s target price indicates a potential upside of 29.39% from the company’s previous close.
A number of other brokerages have also recently issued reports on ECOM. Zacks Investment Research upgraded shares of ChannelAdvisor from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Wednesday, January 15th. First Analysis restated a “buy” rating and set a $11.00 target price on shares of ChannelAdvisor in a research report on Sunday, January 5th. Finally, Robert W. Baird restated a “hold” rating and set a $12.00 target price on shares of ChannelAdvisor in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. ChannelAdvisor has a consensus rating of “Buy” and a consensus price target of $12.00.
ECOM stock opened at $10.82 on Thursday. The company has a market cap of $314.40 million, a P/E ratio of -216.36 and a beta of 0.05. ChannelAdvisor has a 52 week low of $8.01 and a 52 week high of $13.83. The company’s 50-day moving average price is $9.60 and its 200 day moving average price is $9.28. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.12.
ChannelAdvisor (NYSE:ECOM) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $34.78 million for the quarter, compared to the consensus estimate of $34.32 million. ChannelAdvisor had a negative net margin of 1.02% and a positive return on equity of 0.25%. The firm’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. On average, equities research analysts expect that ChannelAdvisor will post 0.08 earnings per share for the current year.
In other ChannelAdvisor news, Director M Scot Wingo sold 20,000 shares of ChannelAdvisor stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $9.06, for a total transaction of $181,200.00. Following the completion of the transaction, the director now owns 537,115 shares in the company, valued at $4,866,261.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.10% of the company’s stock.
Several large investors have recently bought and sold shares of ECOM. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of ChannelAdvisor by 289.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,028 shares of the software maker’s stock valued at $27,000 after buying an additional 2,251 shares during the last quarter. Bank of Montreal Can raised its position in shares of ChannelAdvisor by 32.1% in the fourth quarter. Bank of Montreal Can now owns 4,345 shares of the software maker’s stock valued at $39,000 after buying an additional 1,057 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of ChannelAdvisor by 316.6% in the third quarter. Meeder Asset Management Inc. now owns 4,712 shares of the software maker’s stock valued at $43,000 after buying an additional 3,581 shares during the last quarter. Jefferies Group LLC acquired a new position in shares of ChannelAdvisor in the fourth quarter valued at approximately $100,000. Finally, State of Tennessee Treasury Department acquired a new position in shares of ChannelAdvisor in the third quarter valued at approximately $115,000. 82.56% of the stock is owned by institutional investors and hedge funds.
ChannelAdvisor Company Profile
ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps brands and retailers 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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