ValuEngine Lowers Amber Road (AMBR) to Sell

ValuEngine lowered shares of Amber Road (NYSE:AMBR) from a hold rating to a sell rating in a research report released on Wednesday morning.

Several other equities research analysts have also issued reports on AMBR. Canaccord Genuity lowered Amber Road from a buy rating to a hold rating and raised their price objective for the company from $9.74 to $10.00 in a research note on Friday, February 16th. Needham & Company LLC raised their price objective on Amber Road from $11.00 to $13.00 and gave the company a buy rating in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Amber Road currently has an average rating of Hold and a consensus price target of $11.75.

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NYSE:AMBR opened at $8.52 on Wednesday. Amber Road has a 1 year low of $6.14 and a 1 year high of $10.29. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.66 and a current ratio of 0.66.

Amber Road (NYSE:AMBR) last posted its quarterly earnings data on Thursday, February 15th. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.03. The business had revenue of $20.63 million during the quarter, compared to analyst estimates of $20.51 million. Amber Road had a negative return on equity of 48.81% and a negative net margin of 16.41%. sell-side analysts predict that Amber Road will post -0.43 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the stock. Penbrook Management LLC bought a new stake in shares of Amber Road during the 4th quarter worth approximately $597,000. Millennium Management LLC lifted its stake in shares of Amber Road by 47.6% during the 4th quarter. Millennium Management LLC now owns 43,781 shares of the software maker’s stock worth $321,000 after acquiring an additional 14,114 shares during the last quarter. Cramer Rosenthal Mcglynn LLC lifted its stake in shares of Amber Road by 22.6% during the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,246,867 shares of the software maker’s stock worth $9,152,000 after acquiring an additional 230,260 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Amber Road during the 4th quarter worth approximately $168,000. Finally, Deutsche Bank AG lifted its stake in shares of Amber Road by 80.8% during the 4th quarter. Deutsche Bank AG now owns 151,340 shares of the software maker’s stock worth $1,110,000 after acquiring an additional 67,624 shares during the last quarter. 75.28% of the stock is owned by hedge funds and other institutional investors.

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About Amber Road

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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