ChannelAdvisor Corporation (ECOM) Given Daily Media Sentiment Score of 0.12
Media headlines about ChannelAdvisor Corporation (NYSE:ECOM) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ChannelAdvisor Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the software maker an impact score of 45.7359103618554 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- ChannelAdvisor Named #1 Marketplace Management Provider to the Internet Retailer Top 1000 for Sixth Year in a Row (finance.yahoo.com)
- ChannelAdvisor Corporation (ECOM) Scheduled to Post Quarterly Earnings on Thursday (americanbankingnews.com)
- ChannelAdvisor Corporation (ECOM) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- ChannelAdvisor Automotive E-Commerce Experts to Exhibit and Speak at 2017 SEMA Show, October 31 – Nov 3 (finance.yahoo.com)
- ChannelAdvisor : Names Beth Segovia Vice President, Services (4-traders.com)
ChannelAdvisor Corporation (ECOM) opened at 11.05 on Tuesday. The company’s market cap is $292.06 million. ChannelAdvisor Corporation has a 12-month low of $9.80 and a 12-month high of $15.85. The firm has a 50-day moving average price of $11.58 and a 200-day moving average price of $11.32.
ChannelAdvisor Corporation (NYSE:ECOM) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.05). ChannelAdvisor Corporation had a negative return on equity of 7.63% and a negative net margin of 7.42%. The business had revenue of $30.00 million for the quarter, compared to analysts’ expectations of $28.65 million. During the same quarter last year, the firm earned ($0.11) earnings per share. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, analysts forecast that ChannelAdvisor Corporation will post ($0.03) earnings per share for the current fiscal year.
ECOM has been the topic of several recent analyst reports. First Analysis raised ChannelAdvisor Corporation from an “equal weight” rating to an “overweight” rating and set a $13.00 price objective on the stock in a research report on Thursday, August 31st. KeyCorp reaffirmed a “hold” rating on shares of ChannelAdvisor Corporation in a research report on Friday, August 25th. BidaskClub cut ChannelAdvisor Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price objective on shares of ChannelAdvisor Corporation in a research report on Sunday, September 17th. Finally, Robert W. Baird reaffirmed a “neutral” rating on shares of ChannelAdvisor Corporation in a research report on Monday, July 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $14.50.
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In other news, Director Marc Huffman purchased 10,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were acquired at an average price of $10.00 per share, for a total transaction of $100,000.00. Following the purchase, the director now owns 36,411 shares in the company, valued at $364,110. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider M Scot Wingo sold 15,000 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $11.72, for a total value of $175,800.00. Following the sale, the insider now owns 807,896 shares in the company, valued at approximately $9,468,541.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,000 shares of company stock worth $512,550. Company insiders own 11.30% of the company’s stock.
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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