ChannelAdvisor Corporation (ECOM) Earning Somewhat Positive Press Coverage, Analysis Finds
Media headlines about ChannelAdvisor Corporation (NYSE:ECOM) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. ChannelAdvisor Corporation earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 45.8055686209041 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- ChannelAdvisor Corporation (ECOM) Director Joseph L. Cowan Purchases 3,130 Shares (americanbankingnews.com)
- ChannelAdvisor Corporation (ECOM) Expected to Post Quarterly Sales of $34.38 Million (americanbankingnews.com)
- ETFs with exposure to ChannelAdvisor Corp. : November 9, 2017 (finance.yahoo.com)
- Analysts Expect ChannelAdvisor Corporation (ECOM) to Post $0.09 Earnings Per Share (americanbankingnews.com)
- ChannelAdvisor Corp. :ECOM-US: Earnings Analysis: Q3, 2017 By the Numbers : November 8, 2017 (finance.yahoo.com)
Shares of ChannelAdvisor Corporation (NYSE ECOM) traded down $0.25 during trading hours on Monday, hitting $8.50. 76,000 shares of the company’s stock traded hands, compared to its average volume of 92,906. ChannelAdvisor Corporation has a 12 month low of $8.45 and a 12 month high of $15.85. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01.
ChannelAdvisor Corporation (NYSE:ECOM) last announced its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.02. ChannelAdvisor Corporation had a negative net margin of 8.54% and a negative return on equity of 9.48%. The company had revenue of $30.10 million for the quarter, compared to analyst estimates of $30.08 million. During the same quarter last year, the business earned ($0.12) earnings per share. ChannelAdvisor Corporation’s revenue was up 7.5% compared to the same quarter last year. sell-side analysts predict that ChannelAdvisor Corporation will post -0.58 EPS for the current year.
Several equities research analysts recently weighed in on ECOM shares. Stifel Nicolaus reiterated a “buy” rating and set a $13.00 price objective on shares of ChannelAdvisor Corporation in a research note on Friday, November 3rd. First Analysis upgraded shares of ChannelAdvisor Corporation from an “equal weight” rating to an “overweight” rating and set a $13.00 price objective on the stock in a research note on Thursday, August 31st. KeyCorp reiterated a “hold” rating on shares of ChannelAdvisor Corporation in a research note on Friday, August 25th. BidaskClub lowered shares of ChannelAdvisor Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Finally, Needham & Company LLC restated a “buy” rating and issued a $18.00 price target on shares of ChannelAdvisor Corporation in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. ChannelAdvisor Corporation currently has an average rating of “Hold” and an average target price of $14.13.
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In related news, Director Joseph L. Cowan acquired 3,130 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was acquired at an average cost of $8.58 per share, for a total transaction of $26,855.40. Following the completion of the acquisition, the director now directly owns 22,803 shares of the company’s stock, valued at approximately $195,649.74. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider M Scot Wingo sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $10.41, for a total transaction of $156,150.00. Following the completion of the transaction, 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. Insiders sold 45,000 shares of company stock worth $512,550 in the last 90 days. 11.30% of the stock is owned by company insiders.
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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