Somewhat Favorable News Coverage Somewhat Unlikely to Impact Amber Road (AMBR) Share Price
Media stories about Amber Road (NYSE:AMBR) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Amber Road earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 46.2037799945932 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Head to Head Comparison: Paylocity Holding Corporation (PCTY) & Amber Road (AMBR) (americanbankingnews.com)
- Insider Selling: Amber Road, Inc. (AMBR) CFO Sells 4,843 Shares of Stock (americanbankingnews.com)
- Zacks: Analysts Expect Amber Road, Inc. (AMBR) Will Post Quarterly Sales of $20.51 Million (americanbankingnews.com)
- Amber Road Is Now Oversold (AMBR) (thestreet.com)
- Albert C. Cooke III Sells 4,182 Shares of Amber Road, Inc. (AMBR) Stock (americanbankingnews.com)
Shares of Amber Road (NYSE AMBR) traded up $0.02 during mid-day trading on Friday, hitting $6.48. The company’s stock had a trading volume of 70,475 shares, compared to its average volume of 66,627. Amber Road has a one year low of $6.14 and a one year high of $12.30. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.81.
Amber Road (NYSE:AMBR) last announced its earnings results on Thursday, November 2nd. The software maker reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.06. Amber Road had a negative return on equity of 53.22% and a negative net margin of 20.19%. The company had revenue of $20.20 million for the quarter, compared to the consensus estimate of $20.36 million. During the same period last year, the business posted ($0.08) EPS. The company’s revenue was up 6.9% on a year-over-year basis. equities analysts expect that Amber Road will post -0.52 EPS for the current year.
A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Amber Road from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Canaccord Genuity dropped their price target on Amber Road from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $11.00 price target on shares of Amber Road in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Amber Road presently has an average rating of “Hold” and a consensus target price of $11.25.
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In other news, VP Albert C. Cooke III sold 4,182 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $7.09, for a total value of $29,650.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Thomas E. Conway sold 4,843 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $6.47, for a total value of $31,334.21. The disclosure for this sale can be found here. Insiders sold a total of 86,606 shares of company stock worth $658,478 over the last quarter. Company insiders own 13.10% of the company’s stock.
Amber Road Company Profile
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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