Somewhat Positive News Coverage Somewhat Unlikely to Affect Amber Road (AMBR) Share Price
Headlines about Amber Road (NYSE:AMBR) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Amber Road earned a daily sentiment score of 0.02 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 46.2418469046449 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several research analysts have recently commented on AMBR shares. Zacks Investment Research upgraded Amber Road from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research note on Wednesday, August 9th. Ladenburg Thalmann Financial Services reiterated a “buy” rating and set a $15.00 target price on shares of Amber Road in a research note on Monday, June 12th. Finally, ValuEngine downgraded Amber Road from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Amber Road currently has a consensus rating of “Hold” and a consensus price target of $11.50.
Amber Road (NYSE:AMBR) opened at 8.12 on Friday. Amber Road has a 52 week low of $6.71 and a 52 week high of $12.30. The stock’s 50 day moving average price is $7.67 and its 200 day moving average price is $7.97. The company’s market capitalization is $219.51 million.
Amber Road (NYSE:AMBR) last released its earnings results on Thursday, August 3rd. The software maker reported ($0.16) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.04. Amber Road had a negative return on equity of 53.03% and a negative net margin of 22.59%. The business had revenue of $19.70 million during the quarter, compared to the consensus estimate of $19.84 million. During the same period last year, the business posted ($0.11) earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts anticipate that Amber Road will post ($0.37) earnings per share for the current year.
In other news, CEO James W. Preuninger sold 36,609 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $7.56, for a total value of $276,764.04. Following the completion of the transaction, the chief executive officer now directly owns 1,815,184 shares of the company’s stock, valued at $13,722,791.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James W. Preuninger sold 16,229 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $7.75, for a total value of $125,774.75. Following the completion of the transaction, the chief executive officer now directly owns 1,857,722 shares of the company’s stock, valued at $14,397,345.50. The disclosure for this sale can be found here. Insiders sold 82,424 shares of company stock valued at $633,622 over the last three months. Company insiders own 13.10% of the company’s stock.
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About Amber Road
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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