Brokerages expect ChannelAdvisor Corp (NYSE:ECOM) to post $31.63 million in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for ChannelAdvisor’s earnings, with the lowest sales estimate coming in at $31.57 million and the highest estimate coming in at $31.70 million. ChannelAdvisor posted sales of $30.10 million in the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The business is scheduled to issue its next quarterly earnings report on Thursday, November 1st.

According to Zacks, analysts expect that ChannelAdvisor will report full year sales of $131.16 million for the current year, with estimates ranging from $131.00 million to $131.42 million. For the next fiscal year, analysts forecast that the company will post sales of $140.09 million per share, with estimates ranging from $137.00 million to $142.82 million. Zacks’ sales averages are an average based on a survey of analysts that cover ChannelAdvisor.

ChannelAdvisor (NYSE:ECOM) last announced its quarterly earnings results on Thursday, August 9th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.10). The business had revenue of $32.66 million for the quarter, compared to analyst estimates of $31.46 million. ChannelAdvisor had a negative return on equity of 12.48% and a negative net margin of 8.13%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.15) earnings per share.

Several brokerages have recently commented on ECOM. Zacks Investment Research raised ChannelAdvisor from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday. B. Riley set a $18.00 price objective on ChannelAdvisor and gave the stock a “buy” rating in a research note on Friday, August 10th. Needham & Company LLC increased their price objective on ChannelAdvisor from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. First Analysis set a $17.00 price objective on ChannelAdvisor and gave the stock a “buy” rating in a research note on Wednesday, June 13th. Finally, ValuEngine raised ChannelAdvisor from a “hold” rating to a “buy” rating in a research note on Saturday, May 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $15.86.

In related news, insider Richard Cornetta sold 11,000 shares of the 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 of the company’s stock, valued at $743,592.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.80% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of ECOM. Wells Fargo & Company MN increased its position in shares of ChannelAdvisor by 24.7% during the fourth quarter. Wells Fargo & Company MN now owns 36,421 shares of the software maker’s stock valued at $327,000 after acquiring an additional 7,219 shares during the last quarter. BlackRock Inc. increased its position in shares of ChannelAdvisor by 0.9% during the fourth quarter. BlackRock Inc. now owns 1,561,140 shares of the software maker’s stock valued at $14,050,000 after acquiring an additional 14,112 shares during the last quarter. Deutsche Bank AG increased its position in shares of ChannelAdvisor by 28.6% during the fourth quarter. Deutsche Bank AG now owns 68,691 shares of the software maker’s stock valued at $616,000 after acquiring an additional 15,263 shares during the last quarter. Millennium Management LLC increased its position in shares of ChannelAdvisor by 178.0% during the fourth quarter. Millennium Management LLC now owns 261,848 shares of the software maker’s stock valued at $2,357,000 after acquiring an additional 167,660 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of ChannelAdvisor by 26.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 102,636 shares of the software maker’s stock valued at $934,000 after acquiring an additional 21,227 shares during the last quarter. 71.97% of the stock is owned by institutional investors.

NYSE:ECOM remained flat at $$13.15 on Wednesday. The company’s stock had a trading volume of 110,494 shares, compared to its average volume of 88,735. The company has a market capitalization of $373.77 million, a price-to-earnings ratio of -24.81 and a beta of -0.18. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.02. ChannelAdvisor has a 1-year low of $8.30 and a 1-year high of $15.63.

ChannelAdvisor Company Profile

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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Earnings History and Estimates for ChannelAdvisor (NYSE:ECOM)

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