Equities analysts forecast that ChannelAdvisor Corp (NYSE:ECOM) will report sales of $34.38 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for ChannelAdvisor’s earnings. The lowest sales estimate is $34.30 million and the highest is $34.55 million. ChannelAdvisor reported sales of $31.76 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.2%. The company is scheduled to announce its next earnings report on Thursday, February 8th.

On average, analysts expect that ChannelAdvisor will report full-year sales of $34.38 million for the current year, with estimates ranging from $122.70 million to $122.98 million. For the next year, analysts forecast that the company will report sales of $134.87 million per share, with estimates ranging from $132.00 million to $141.65 million. Zacks’ sales averages are an average based on a survey of analysts that follow ChannelAdvisor.

ChannelAdvisor (NYSE:ECOM) last released its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.02. The firm had revenue of $30.10 million during the quarter, compared to the consensus estimate of $30.08 million. ChannelAdvisor had a negative return on equity of 9.48% and a negative net margin of 8.54%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.12) EPS.

ECOM has been the topic of several analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $13.00 target price on shares of ChannelAdvisor in a report on Friday, November 3rd. BidaskClub downgraded ChannelAdvisor from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Needham & Company LLC restated a “buy” rating and set a $18.00 price objective on shares of ChannelAdvisor in a report on Wednesday, November 1st. Zacks Investment Research downgraded ChannelAdvisor from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Dougherty & Co initiated coverage on ChannelAdvisor in a research report on Tuesday, December 19th. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. ChannelAdvisor has a consensus rating of “Hold” and an average price target of $14.13.

ChannelAdvisor (ECOM) traded up $0.05 on Thursday, reaching $9.00. The company had a trading volume of 87,100 shares, compared to its average volume of 128,000. ChannelAdvisor has a twelve month low of $8.30 and a twelve month high of $15.15. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01. The company has a market cap of $237.80, a PE ratio of -22.50 and a beta of 0.10.

In related news, CFO Mark Cook acquired 10,000 shares of ChannelAdvisor stock in a transaction that occurred on Wednesday, November 8th. The stock was bought at an average price of $8.80 per share, with a total value of $88,000.00. Following the transaction, the chief financial officer now directly owns 153,445 shares in the company, valued at $1,350,316. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider M Scot Wingo sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $12.04, for a total value of $180,600.00. The disclosure for this sale can be found here. Insiders have purchased a total of 30,000 shares of company stock valued at $257,913 over the last 90 days. 11.30% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Prudential Financial Inc. bought a new stake in ChannelAdvisor during the third quarter valued at about $118,000. Citigroup Inc. boosted its position in shares of ChannelAdvisor by 166.6% during the second quarter. Citigroup Inc. now owns 10,818 shares of the software maker’s stock valued at $125,000 after buying an additional 6,760 shares during the period. Voya Investment Management LLC purchased a new stake in shares of ChannelAdvisor in the second quarter valued at approximately $136,000. Cubist Systematic Strategies LLC purchased a new stake in shares of ChannelAdvisor in the second quarter valued at approximately $138,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of ChannelAdvisor in the second quarter valued at approximately $193,000. Hedge funds and other institutional investors own 81.72% of the company’s stock.

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About ChannelAdvisor

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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