Analysts Set ChannelAdvisor Corp (ECOM) PT at $15.86
Shares of ChannelAdvisor Corp (NYSE:ECOM) have earned a consensus recommendation of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $15.86.
Several equities research analysts recently issued reports on ECOM shares. Zacks Investment Research raised ChannelAdvisor from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, August 15th. Needham & Company LLC upped their price target on ChannelAdvisor from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, August 10th. B. Riley set a $18.00 price target on ChannelAdvisor and gave the company a “buy” rating in a research report on Friday, August 10th. First Analysis set a $17.00 price target on ChannelAdvisor and gave the company a “buy” rating in a research report on Wednesday, June 13th. Finally, ValuEngine lowered ChannelAdvisor from a “buy” rating to a “hold” rating in a research report on Thursday, August 23rd.
In related news, insider M Scot Wingo sold 47,692 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $13.02, for a total transaction of $620,949.84. Following the sale, the insider now directly owns 710,502 shares of the company’s stock, valued at approximately $9,250,736.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.80% of the company’s stock.
ChannelAdvisor stock opened at $11.30 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.02. ChannelAdvisor has a 52 week low of $8.30 and a 52 week high of $15.63.
ChannelAdvisor (NYSE:ECOM) last released its earnings results on Thursday, August 9th. The software maker reported ($0.10) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.10). The company had revenue of $32.66 million during the quarter, compared to analysts’ expectations of $31.46 million. ChannelAdvisor had a negative return on equity of 12.48% and a negative net margin of 8.13%. The business’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.15) EPS. equities research analysts forecast that ChannelAdvisor will post -0.34 EPS for the current year.
ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps retailers and branded manufacturers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.
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