ChannelAdvisor Corporation (NYSE:ECOM) Director Joseph L. Cowan bought 3,130 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was purchased at an average price of $8.58 per share, with a total value of $26,855.40. Following the completion of the acquisition, the director now owns 22,803 shares of the company’s stock, valued at $195,649.74. The purchase was disclosed in a filing with the SEC, which is available through this link.
ChannelAdvisor Corporation (NYSE:ECOM) opened at $8.50 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.94. ChannelAdvisor Corporation has a 52-week low of $8.45 and a 52-week high of $15.85.
ChannelAdvisor Corporation (NYSE:ECOM) last issued its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.02. The firm had revenue of $30.10 million for the quarter, compared to analyst estimates 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 for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.12) earnings per share. sell-side analysts forecast that ChannelAdvisor Corporation will post -0.58 earnings per share for the current year.
Several large investors 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 raised 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 purchasing an additional 436,618 shares during the period. Archon Capital Management LLC raised 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 purchasing an additional 251,364 shares during the period. Renaissance Technologies LLC raised 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 purchasing an additional 111,276 shares during the period. Finally, Emerald Advisers Inc. PA raised 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 purchasing an additional 66,082 shares during the period. 80.77% of the stock is currently owned by institutional investors.
Several research analysts have commented on the stock. BidaskClub upgraded shares of ChannelAdvisor Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of ChannelAdvisor Corporation in a research report on Wednesday, November 1st. First Analysis raised shares of ChannelAdvisor Corporation from an “equal weight” rating to an “overweight” rating and set a $13.00 price target for the company in a research report on Thursday, August 31st. DA Davidson initiated coverage on shares of ChannelAdvisor Corporation in a research report on Friday, September 22nd. They issued a “neutral” rating and a $12.50 price target for the company. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $13.00 price target on shares of ChannelAdvisor Corporation in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.13.
ChannelAdvisor Corporation 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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