Shares of Amber Road, Inc. (NYSE:AMBR) have earned a consensus recommendation of “Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $11.80.

Several research analysts recently weighed in on AMBR shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 target price on shares of Amber Road in a research report on Friday, February 17th. Canaccord Genuity reaffirmed a “buy” rating and issued a $11.00 target price on shares of Amber Road in a research report on Tuesday, May 9th. Finally, Zacks Investment Research raised Amber Road from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th.

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Shares of Amber Road (NYSE:AMBR) opened at 7.74 on Monday. The stock has a 50 day moving average price of $7.74 and a 200-day moving average price of $8.49. Amber Road has a 52 week low of $6.68 and a 52 week high of $12.30. The firm’s market capitalization is $209.41 million.

Amber Road (NYSE:AMBR) last issued its earnings results on Monday, May 8th. The software maker reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.02. The business had revenue of $18.60 million for the quarter, compared to analyst estimates of $18.55 million. Amber Road had a negative return on equity of 48.51% and a negative net margin of 23.35%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted ($0.15) EPS. Equities analysts anticipate that Amber Road will post ($0.39) earnings per share for the current year.

In related news, insider Nathan Pieri sold 4,920 shares of Amber Road stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $7.66, for a total value of $37,687.20. Following the completion of the transaction, the insider now directly owns 22,488 shares in the company, valued at $172,258.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Albert C. Cooke III sold 4,182 shares of Amber Road stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $7.30, for a total value of $30,528.60. Following the completion of the transaction, the vice president now owns 8,000 shares of the company’s stock, valued at $58,400. The disclosure for this sale can be found here. Insiders sold 958,995 shares of company stock valued at $6,925,838 over the last quarter. Insiders own 13.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the company. Highbridge Capital Management LLC increased its position in Amber Road by 269.2% in the first quarter. Highbridge Capital Management LLC now owns 41,702 shares of the software maker’s stock worth $322,000 after buying an additional 30,406 shares during the period. Granahan Investment Management Inc. MA increased its position in Amber Road by 33.3% in the first quarter. Granahan Investment Management Inc. MA now owns 1,176,456 shares of the software maker’s stock worth $9,082,000 after buying an additional 294,196 shares during the period. Oppenheimer & Co. Inc. increased its position in Amber Road by 10.4% in the first quarter. Oppenheimer & Co. Inc. now owns 500,125 shares of the software maker’s stock worth $3,861,000 after buying an additional 47,050 shares during the period. Kennedy Capital Management Inc. increased its position in Amber Road by 222.8% in the first quarter. Kennedy Capital Management Inc. now owns 508,888 shares of the software maker’s stock worth $3,929,000 after buying an additional 351,259 shares during the period. Finally, Geode Capital Management LLC increased its position in Amber Road by 1.7% in the first quarter. Geode Capital Management LLC now owns 134,082 shares of the software maker’s stock worth $1,035,000 after buying an additional 2,288 shares during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.

Amber Road Company Profile

Amber Road, Inc is a provider of cloud-based global trade management (GTM) solutions. The Company’s GTM solutions include modules for logistics contract and rate management, supply chain visibility and event management, international trade compliance, and Global Knowledge trade content database to importers and exporters, non-vessel owning common carriers (resellers), and ocean carriers.

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