Wall Street analysts predict that Amber Road Inc (NYSE:AMBR) will report sales of $20.83 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Amber Road’s earnings, with the highest sales estimate coming in at $20.85 million and the lowest estimate coming in at $20.80 million. Amber Road reported sales of $19.68 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.8%. The business is scheduled to announce its next quarterly earnings results on Thursday, August 2nd.

According to Zacks, analysts expect that Amber Road will report full year sales of $85.38 million for the current year, with estimates ranging from $85.00 million to $85.76 million. For the next fiscal year, analysts expect that the firm will post sales of $93.67 million per share, with estimates ranging from $93.00 million to $94.33 million. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Amber Road.

Amber Road (NYSE:AMBR) last issued its quarterly earnings data on Thursday, May 10th. The software maker reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. The business had revenue of $20.10 million for the quarter, compared to analysts’ expectations of $20.05 million. Amber Road had a negative net margin of 14.56% and a negative return on equity of 44.17%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.12) EPS.

AMBR has been the topic of a number of research analyst reports. ValuEngine cut shares of Amber Road from a “buy” rating to a “hold” rating in a research note on Thursday, June 7th. Needham & Company LLC lifted their price target on shares of Amber Road from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, Canaccord Genuity cut shares of Amber Road from a “buy” rating to a “hold” rating and lifted their price target for the company from $9.74 to $10.00 in a research note on Friday, February 16th.

In related news, CFO Thomas E. Conway sold 9,686 shares of Amber Road stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $9.31, for a total value of $90,176.66. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO James W. Preuninger sold 50,000 shares of Amber Road stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $9.50, for a total transaction of $475,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,800,184 shares in the company, valued at approximately $17,101,748. The disclosure for this sale can be found here. Insiders sold a total of 79,606 shares of company stock worth $751,183 in the last three months. 15.10% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in AMBR. Cadence Capital Management LLC boosted its stake in Amber Road by 7.8% during the 4th quarter. Cadence Capital Management LLC now owns 122,799 shares of the software maker’s stock worth $901,000 after purchasing an additional 8,840 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Amber Road by 54.5% during the 4th quarter. Wells Fargo & Company MN now owns 31,158 shares of the software maker’s stock worth $229,000 after purchasing an additional 10,991 shares during the last quarter. Levin Capital Strategies L.P. boosted its stake in Amber Road by 86.9% during the 4th quarter. Levin Capital Strategies L.P. now owns 363,493 shares of the software maker’s stock worth $2,668,000 after purchasing an additional 168,990 shares during the last quarter. BlackRock Inc. boosted its stake in Amber Road by 0.9% during the 4th quarter. BlackRock Inc. now owns 1,157,964 shares of the software maker’s stock worth $8,500,000 after purchasing an additional 9,844 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in Amber Road by 14.7% during the 4th quarter. Royce & Associates LP now owns 1,834,471 shares of the software maker’s stock worth $13,465,000 after purchasing an additional 234,857 shares during the last quarter. 67.10% of the stock is currently owned by institutional investors.

Shares of Amber Road traded up $0.22, reaching $9.74, during midday trading on Monday, according to Marketbeat. 1,100 shares of the stock were exchanged, compared to its average volume of 120,285. The stock has a market capitalization of $253.90 million, a price-to-earnings ratio of -20.60 and a beta of 0.34. Amber Road has a twelve month low of $6.14 and a twelve month high of $10.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.65 and a quick ratio of 0.65.

About Amber Road

Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. 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, supply chain collaboration with overseas factories and vendors, and duty management solutions to importers and exporters, nonvessel owning common carriers (resellers), and ocean carriers.

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