The ChannelAdvisor Corporation (ECOM) Receives Average Rating of “Hold” from Analysts

The ChannelAdvisor Corporation (ECOM) Receives Average Rating of “Hold” from Analysts

Shares of ChannelAdvisor Corporation (NYSE:ECOM) have received a consensus rating of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $14.50.

ECOM has been the subject of several recent analyst reports. First Analysis upgraded shares of ChannelAdvisor Corporation from an “equal weight” rating to an “overweight” rating and set a $13.00 price objective for the company in a research report on Thursday, August 31st. KeyCorp restated a “hold” rating on shares of ChannelAdvisor Corporation in a research report on Friday, August 25th. BidaskClub cut shares of ChannelAdvisor Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. Needham & Company LLC restated a “buy” rating and set a $18.00 price objective on shares of ChannelAdvisor Corporation in a research report on Sunday, September 17th. Finally, Robert W. Baird restated a “neutral” rating on shares of ChannelAdvisor Corporation in a research report on Monday, July 3rd.

In related news, Director Marc Huffman purchased 10,000 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was acquired at an average cost of $10.00 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the director now directly owns 36,411 shares in the company, valued at $364,110. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider M Scot Wingo sold 15,000 shares of ChannelAdvisor Corporation stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $10.41, for a total transaction of $156,150.00. Following the sale, the insider now owns 837,896 shares of the company’s stock, valued at $8,722,497.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,000 shares of company stock valued at $512,550. Company insiders own 11.30% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN grew its holdings in shares of ChannelAdvisor Corporation by 2.4% in the second quarter. Wells Fargo & Company MN now owns 19,111 shares of the software maker’s stock valued at $220,000 after purchasing an additional 446 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of ChannelAdvisor Corporation by 0.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 97,489 shares of the software maker’s stock valued at $1,126,000 after purchasing an additional 646 shares in the last quarter. American International Group Inc. grew its holdings in shares of ChannelAdvisor Corporation by 7.1% in the first quarter. American International Group Inc. now owns 14,290 shares of the software maker’s stock valued at $159,000 after purchasing an additional 946 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of ChannelAdvisor Corporation by 8.5% in the second quarter. Rhumbline Advisers now owns 27,908 shares of the software maker’s stock valued at $322,000 after purchasing an additional 2,195 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of ChannelAdvisor Corporation by 15.4% in the second quarter. The Manufacturers Life Insurance Company now owns 20,982 shares of the software maker’s stock valued at $242,000 after purchasing an additional 2,794 shares in the last quarter. Institutional investors and hedge funds own 81.49% of the company’s stock.

Shares of ChannelAdvisor Corporation (ECOM) traded down 0.87% during trading on Wednesday, reaching $11.40. 26,595 shares of the company traded hands. The stock’s market capitalization is $301.31 million. ChannelAdvisor Corporation has a 52 week low of $9.80 and a 52 week high of $15.85. The firm has a 50 day moving average of $11.61 and a 200 day moving average of $11.32.

ChannelAdvisor Corporation (NYSE:ECOM) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.05). ChannelAdvisor Corporation had a negative return on equity of 7.63% and a negative net margin of 7.42%. The firm had revenue of $30.00 million for the quarter, compared to analyst estimates of $28.65 million. During the same quarter in the previous year, the business posted ($0.11) earnings per share. ChannelAdvisor Corporation’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities analysts predict that ChannelAdvisor Corporation will post ($0.03) EPS for the current year.

About ChannelAdvisor Corporation

Channeladvisor Corporation is a provider of Software as a service (SaaS) solutions. The Company’s SaaS solutions enable retailer and branded manufacturer customers to integrate, manage and optimize their merchandise sales via hundreds of online channels. The Company’s platform enable its customers to connect with new and existing sources of demand for their products, including e-commerce marketplaces, such as Amazon, eBay, Jet.com, Newegg, Sears and Walmart, search engines and comparison shopping Websites, such as Google, Microsoft’s Bing and Nextag, and social channels, such as Facebook, Instagram and Pinterest.

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