News stories about ChannelAdvisor (NYSE:ECOM) have trended somewhat positive this week, according to Accern. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. ChannelAdvisor earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 45.7865950605823 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of analysts have weighed in on ECOM shares. Stifel Nicolaus reiterated a “buy” rating and issued a $13.00 price target on shares of ChannelAdvisor in a research report on Friday, November 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of ChannelAdvisor in a research report on Wednesday, November 1st. BidaskClub upgraded ChannelAdvisor from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. KeyCorp reiterated a “hold” rating on shares of ChannelAdvisor in a research report on Friday, August 25th. Finally, DA Davidson started coverage on ChannelAdvisor in a research report on Friday, September 22nd. They issued a “neutral” rating and a $12.50 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $14.13.
ChannelAdvisor (NYSE ECOM) traded down $0.25 during trading on Friday, reaching $8.80. The company’s stock had a trading volume of 81,999 shares, compared to its average volume of 184,877. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01. ChannelAdvisor has a one year low of $8.30 and a one year high of $15.85.
ChannelAdvisor (NYSE:ECOM) last posted its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.02. The company had revenue of $30.10 million for the quarter, compared to analyst estimates of $30.08 million. ChannelAdvisor had a negative return on equity of 9.48% and a negative net margin of 8.54%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.12) earnings per share. research analysts anticipate that ChannelAdvisor will post -0.58 earnings per share for the current year.
In other news, CFO Mark Cook purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average price of $8.80 per share, with a total value of $88,000.00. Following the completion of the purchase, the chief financial officer now directly owns 153,445 shares of the company’s stock, valued at approximately $1,350,316. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider M Scot Wingo sold 15,000 shares of the company’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $12.04, for a total value of $180,600.00. The disclosure for this sale can be found here. In the last three months, insiders acquired 30,000 shares of company stock worth $257,913. Insiders own 11.30% of the company’s stock.
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ChannelAdvisor Company Profile
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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