ChannelAdvisor (ECOM) Issues Quarterly Earnings Results
ChannelAdvisor (NYSE:ECOM) issued its quarterly earnings results on Tuesday. The software maker reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.13, Bloomberg Earnings reports. ChannelAdvisor had a negative return on equity of 9.48% and a negative net margin of 8.54%.
Shares of ChannelAdvisor (NYSE:ECOM) traded down $0.05 during trading hours on Tuesday, hitting $9.35. The stock had a trading volume of 78,944 shares, compared to its average volume of 74,082. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.94. ChannelAdvisor has a one year low of $8.30 and a one year high of $12.65. The firm has a market capitalization of $247.10, a price-to-earnings ratio of -23.85 and a beta of 0.10.
ECOM has been the topic of a number of research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $13.00 target price on shares of ChannelAdvisor in a research report on Friday, November 3rd. Zacks Investment Research lowered ChannelAdvisor from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of ChannelAdvisor in a research report on Wednesday, November 1st. Dougherty & Co initiated coverage on ChannelAdvisor in a research report on Tuesday, December 19th. They set a “neutral” rating on the stock. Finally, BidaskClub lowered ChannelAdvisor from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.13.
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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