ChannelAdvisor Corporation (ECOM) Raised to C- at TheStreet
ChannelAdvisor Corporation (NYSE:ECOM) was upgraded by equities researchers at TheStreet from a “d” rating to a “c-” rating in a research note issued to investors on Friday.
Several other research firms have also recently weighed in on ECOM. Zacks Investment Research upgraded shares of ChannelAdvisor Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Thursday, November 10th. BTIG Research initiated coverage on shares of ChannelAdvisor Corporation in a research report on Wednesday, November 16th. They issued a “neutral” rating for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $18.00 price objective (up previously from $16.00) on shares of ChannelAdvisor Corporation in a research report on Thursday, December 8th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $17.00.
Shares of ChannelAdvisor Corporation (NYSE:ECOM) traded down 0.94% during mid-day trading on Friday, hitting $10.55. The stock had a trading volume of 204,844 shares. The stock’s market capitalization is $273.83 million. ChannelAdvisor Corporation has a 12-month low of $10.28 and a 12-month high of $15.91. The stock’s 50-day moving average price is $13.95 and its 200-day moving average price is $13.27.
ChannelAdvisor Corporation (NYSE:ECOM) last posted its quarterly earnings data on Thursday, February 9th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.18. ChannelAdvisor Corporation had a negative net margin of 7.07% and a negative return on equity of 10.04%. The firm earned $31.80 million during the quarter, compared to analysts’ expectations of $31.98 million. During the same quarter in the previous year, the company posted ($0.03) EPS. ChannelAdvisor Corporation’s revenue was up 7.9% on a year-over-year basis. On average, equities analysts anticipate that ChannelAdvisor Corporation will post ($0.04) EPS for the current fiscal year.
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Several hedge funds have recently modified their holdings of the stock. Cortina Asset Management LLC boosted its stake in shares of ChannelAdvisor Corporation by 8.4% in the fourth quarter. Cortina Asset Management LLC now owns 684,036 shares of the company’s stock valued at $9,816,000 after buying an additional 53,266 shares during the last quarter. State Street Corp boosted its stake in shares of ChannelAdvisor Corporation by 2.8% in the fourth quarter. State Street Corp now owns 368,330 shares of the company’s stock valued at $5,285,000 after buying an additional 10,000 shares during the last quarter. Shapiro Capital Management LLC boosted its stake in shares of ChannelAdvisor Corporation by 1.4% in the third quarter. Shapiro Capital Management LLC now owns 3,738,847 shares of the company’s stock valued at $48,343,000 after buying an additional 52,629 shares during the last quarter. Ardsley Advisory Partners acquired a new stake in shares of ChannelAdvisor Corporation during the third quarter valued at approximately $155,000. Finally, AWM Investment Company Inc. boosted its stake in shares of ChannelAdvisor Corporation by 1,531.4% in the third quarter. AWM Investment Company Inc. now owns 318,465 shares of the company’s stock valued at $4,118,000 after buying an additional 298,944 shares during the last quarter. Institutional investors own 83.64% of the company’s stock.
ChannelAdvisor Corporation Company Profile
ChannelAdvisor Corporation is a provider of software as a service (SaaS) solutions. The Company’s SaaS solutions enable its retailer and manufacturer customers to integrate and manage their merchandise sales across various online channels. Through its platform, the Company enables its customers to connect with various sources of demand for their products, including e-commerce marketplaces, such as Amazon, eBay, Jet.com, Newegg and Sears, search engines and comparison shopping Websites, such as Google, Microsoft’s Bing and Nextag, and other channels, such as Facebook and Pinterest.
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