ChannelAdvisor Corporation (ECOM) Receives $18.00 Consensus Target Price from Analysts
ChannelAdvisor Corporation (NYSE:ECOM) has earned a consensus rating of “Hold” from the eight analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $18.00.
ECOM has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of ChannelAdvisor Corporation from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective on the stock in a report on Tuesday, April 11th. William Blair restated a “market perform” rating on shares of ChannelAdvisor Corporation in a research report on Thursday, May 4th. First Analysis cut shares of ChannelAdvisor Corporation from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, May 9th. ValuEngine upgraded shares of ChannelAdvisor Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, May 18th. Finally, TheStreet cut shares of ChannelAdvisor Corporation from a “c-” rating to a “d+” rating in a research report on Monday, June 5th.
In other ChannelAdvisor Corporation news, insider M Scot Wingo sold 15,000 shares of ChannelAdvisor Corporation stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $11.31, for a total transaction of $169,650.00. Following the completion of the transaction, the insider now owns 882,896 shares in the company, valued at $9,985,553.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 45,000 shares of company stock valued at $513,300. 11.30% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of the stock. Bogle Investment Management L P DE raised its position in ChannelAdvisor Corporation by 8.2% in the fourth quarter. Bogle Investment Management L P DE now owns 72,401 shares of the software maker’s stock worth $1,038,000 after buying an additional 5,469 shares in the last quarter. A.R.T. Advisors LLC purchased a new position in ChannelAdvisor Corporation during the fourth quarter worth $159,000. Two Sigma Investments LP raised its position in ChannelAdvisor Corporation by 183.2% in the fourth quarter. Two Sigma Investments LP now owns 95,429 shares of the software maker’s stock worth $1,369,000 after buying an additional 61,732 shares in the last quarter. State Street Corp raised its position in ChannelAdvisor Corporation by 2.8% in the fourth quarter. State Street Corp now owns 368,330 shares of the software maker’s stock worth $5,285,000 after buying an additional 10,000 shares in the last quarter. Finally, Stoneridge Investment Partners LLC purchased a new position in ChannelAdvisor Corporation during the first quarter worth $232,000. 81.60% of the stock is owned by institutional investors and hedge funds.
ChannelAdvisor Corporation (NYSE:ECOM) traded up 0.87% on Tuesday, hitting $11.65. 174,220 shares of the company traded hands. ChannelAdvisor Corporation has a 12 month low of $10.20 and a 12 month high of $15.91. The stock’s 50-day moving average is $11.71 and its 200 day moving average is $12.40. The stock’s market cap is $306.74 million.
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.
Receive News & Ratings for ChannelAdvisor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ChannelAdvisor Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.