ChannelAdvisor Corporation (NYSE:ECOM) Director Joseph L. Cowan acquired 16,870 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were bought at an average price of $8.48 per share, with a total value of $143,057.60. The transaction was disclosed in a document filed with the SEC, which is available through this link.
ChannelAdvisor Corporation (ECOM) opened at $8.55 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 1.94. ChannelAdvisor Corporation has a 12 month low of $8.30 and a 12 month high of $15.85.
ChannelAdvisor Corporation (NYSE:ECOM) last posted its earnings results on Thursday, November 2nd. The software maker reported ($0.15) earnings per share for the quarter, topping the consensus estimate 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 Corporation had a negative net margin of 8.54% and a negative return on equity of 9.48%. The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.12) earnings per share. research analysts forecast that ChannelAdvisor Corporation will post -0.58 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in ECOM. Janus Henderson Group PLC bought a new position in shares of ChannelAdvisor Corporation in the second quarter valued at approximately $26,368,000. Disciplined Growth Investors Inc. MN boosted its position in shares of ChannelAdvisor Corporation by 214.7% in the second quarter. Disciplined Growth Investors Inc. MN now owns 639,982 shares of the software maker’s stock valued at $7,392,000 after acquiring an additional 436,618 shares during the period. Archon Capital Management LLC boosted its position in shares of ChannelAdvisor Corporation by 42.7% in the third quarter. Archon Capital Management LLC now owns 839,874 shares of the software maker’s stock valued at $9,659,000 after acquiring an additional 251,364 shares during the period. Renaissance Technologies LLC boosted its position in shares of ChannelAdvisor Corporation by 87.8% in the first quarter. Renaissance Technologies LLC now owns 238,076 shares of the software maker’s stock valued at $2,655,000 after acquiring an additional 111,276 shares during the period. Finally, Emerald Advisers Inc. PA boosted its position in shares of ChannelAdvisor Corporation by 10.0% in the third quarter. Emerald Advisers Inc. PA now owns 726,017 shares of the software maker’s stock valued at $8,349,000 after acquiring an additional 66,082 shares during the period. Institutional investors own 80.77% of the company’s stock.
A number of analysts recently issued reports on the stock. BidaskClub downgraded shares of ChannelAdvisor Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Stifel Nicolaus restated a “buy” rating and set a $13.00 price objective on shares of ChannelAdvisor Corporation in a report on Friday, November 3rd. DA Davidson began coverage on shares of ChannelAdvisor Corporation in a report on Friday, September 22nd. They set a “neutral” rating and a $12.50 price objective for the company. KeyCorp reiterated a “hold” rating on shares of ChannelAdvisor Corporation in a research note on Friday, August 25th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $18.00 target price on shares of ChannelAdvisor Corporation in a research note on Sunday, September 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. ChannelAdvisor Corporation has a consensus rating of “Hold” and a consensus target price of $14.13.
About ChannelAdvisor Corporation
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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