Amber Road (NYSE:AMBR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $9.50 target price on the software maker’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 11.63% from the stock’s current price.

According to Zacks, “Amber Road, Inc. operates as a provider of on-demand Global Trade Management solutions. It offers import and export, global logistics, and trade agreement management solutions worldwide. The Company’s solutions include Enterprise-Class Software, Trade Content, Supply Chain Network, Flexible Technology and SaaS Delivery. It offers its solution to enterprises in various industries, including chemical/pharmaceutical, high technology/electronics, industrial/manufacturing, logistics, oil and gas, and retail/apparel through a software-as-a-service model. Amber Road, Inc. is headquartered in East Rutherford, New Jersey. “

Amber Road stock traded up $0.12 during trading hours on Wednesday, hitting $8.51. 42,828 shares of the stock traded hands, compared to its average volume of 45,302. The company has a market cap of $234.29 million, a PE ratio of -18.11 and a beta of 0.38. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.64 and a current ratio of 0.64. Amber Road has a 1 year low of $6.71 and a 1 year high of $10.41.

Amber Road (NYSE:AMBR) last released its quarterly earnings results on Thursday, November 8th. The software maker reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The company had revenue of $22.20 million during the quarter, compared to analysts’ expectations of $21.71 million. Amber Road had a negative return on equity of 34.61% and a negative net margin of 11.67%. Amber Road’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.02) EPS. As a group, analysts predict that Amber Road will post -0.37 EPS for the current fiscal year.

In other Amber Road news, CEO James W. Preuninger sold 20,000 shares of the firm’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $9.00, for a total value of $180,000.00. Following the sale, the chief executive officer now directly owns 1,681,057 shares in the company, valued at $15,129,513. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Thomas E. Conway sold 3,123 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $9.03, for a total value of $28,200.69. Following the transaction, the chief financial officer now directly owns 1,500 shares in the company, valued at approximately $13,545. The disclosure for this sale can be found here. Insiders have sold 126,061 shares of company stock worth $1,120,638 over the last 90 days. 15.10% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of AMBR. Bank of Montreal Can grew its holdings in shares of Amber Road by 11.1% during the fourth quarter. Bank of Montreal Can now owns 18,109 shares of the software maker’s stock worth $149,000 after buying an additional 1,814 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Amber Road during the third quarter worth about $119,000. Teachers Advisors LLC grew its holdings in shares of Amber Road by 33.9% during the third quarter. Teachers Advisors LLC now owns 52,889 shares of the software maker’s stock worth $509,000 after buying an additional 13,393 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Amber Road by 9.0% during the third quarter. Bank of New York Mellon Corp now owns 164,384 shares of the software maker’s stock worth $1,582,000 after buying an additional 13,511 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Amber Road during the third quarter worth about $148,000. 73.32% of the stock is currently owned by institutional investors.

Amber Road Company Profile

Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. 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, supply chain collaboration with overseas factories and vendors, and duty management solutions to importers and exporters, nonvessel owning common carriers (resellers), and ocean carriers.

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