ChannelAdvisor (NYSE:ECOM) had its target price raised by B. Riley from $12.00 to $14.00 in a research report report published on Thursday morning, The Fly reports. B. Riley currently has a buy rating on the software maker’s stock.

Several other equities research analysts also recently weighed in on the company. First Analysis reissued a buy rating and set a $11.00 price objective on shares of ChannelAdvisor in a report on Sunday, January 5th. Zacks Investment Research raised ChannelAdvisor from a hold rating to a buy rating and set a $11.00 price objective on the stock in a report on Wednesday, January 15th. Finally, Robert W. Baird reissued a hold rating and set a $12.00 price objective on shares of ChannelAdvisor in a report on Wednesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. ChannelAdvisor presently has a consensus rating of Buy and a consensus price target of $12.00.

Shares of ECOM stock traded down $0.53 during trading hours on Thursday, reaching $10.82. The company’s stock had a trading volume of 219,676 shares, compared to its average volume of 105,557. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.12. ChannelAdvisor has a fifty-two week low of $8.01 and a fifty-two week high of $13.83. The company has a market capitalization of $314.40 million, a price-to-earnings ratio of -216.36 and a beta of 0.05. The firm’s 50 day simple moving average is $9.60 and its 200-day simple moving average is $9.28.

ChannelAdvisor (NYSE:ECOM) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.19 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. ChannelAdvisor had a positive return on equity of 0.25% and a negative net margin of 1.02%. The company had revenue of $34.78 million for the quarter, compared to the consensus estimate of $34.32 million. During the same quarter last year, the business posted $0.13 EPS. ChannelAdvisor’s revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts predict that ChannelAdvisor will post 0.08 earnings per share for the current year.

In related news, Director M Scot Wingo sold 20,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $9.06, for a total transaction of $181,200.00. Following the sale, the director now owns 537,115 shares of the company’s stock, valued at approximately $4,866,261.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 8.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Altai Capital Management L.P. lifted its holdings in ChannelAdvisor by 28.5% during the 3rd quarter. Altai Capital Management L.P. now owns 3,464,638 shares of the software maker’s stock worth $32,325,000 after buying an additional 768,145 shares during the period. BlackRock Inc. lifted its holdings in ChannelAdvisor by 8.5% during the 2nd quarter. BlackRock Inc. now owns 1,844,294 shares of the software maker’s stock worth $16,156,000 after buying an additional 145,212 shares during the period. Vanguard Group Inc. lifted its holdings in ChannelAdvisor by 8.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,404,036 shares of the software maker’s stock worth $12,300,000 after buying an additional 115,238 shares during the period. Disciplined Growth Investors Inc. MN lifted its holdings in ChannelAdvisor by 0.8% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 706,710 shares of the software maker’s stock worth $6,594,000 after buying an additional 5,365 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in ChannelAdvisor by 26.7% during the 4th quarter. Renaissance Technologies LLC now owns 551,900 shares of the software maker’s stock worth $4,989,000 after buying an additional 116,300 shares during the period. 82.56% of the stock is currently owned by hedge funds and other institutional investors.

ChannelAdvisor Company Profile

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps brands and retailers 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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