-$0.10 EPS Expected for ChannelAdvisor Corp (ECOM) This Quarter

Wall Street brokerages expect ChannelAdvisor Corp (NYSE:ECOM) to post ($0.10) earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for ChannelAdvisor’s earnings, with the lowest EPS estimate coming in at ($0.11) and the highest estimate coming in at ($0.08). ChannelAdvisor posted earnings per share of ($0.02) in the same quarter last year, which would suggest a negative year-over-year growth rate of 400%. The firm is expected to issue its next quarterly earnings report on Thursday, August 2nd.

According to Zacks, analysts expect that ChannelAdvisor will report full-year earnings of $0.03 per share for the current year, with EPS estimates ranging from $0.00 to $0.09. For the next year, analysts expect that the firm will post earnings of $0.15 per share, with EPS estimates ranging from $0.05 to $0.30. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover ChannelAdvisor.

ChannelAdvisor (NYSE:ECOM) last posted its earnings results on Thursday, May 10th. The software maker reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.15. The firm had revenue of $31.40 million for the quarter, compared to analyst estimates of $29.97 million. ChannelAdvisor had a negative return on equity of 14.23% and a negative net margin of 9.28%. ChannelAdvisor’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.10) earnings per share.

Several equities analysts recently commented on the company. ValuEngine raised ChannelAdvisor from a “hold” rating to a “buy” rating in a report on Saturday, May 12th. First Analysis reissued a “buy” rating and issued a $13.00 target price on shares of ChannelAdvisor in a report on Monday, April 23rd. Needham & Company LLC raised their price objective on ChannelAdvisor from $12.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, May 11th. TheStreet raised ChannelAdvisor from a “d+” rating to a “c-” rating in a report on Wednesday, May 9th. Finally, Zacks Investment Research lowered ChannelAdvisor from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. ChannelAdvisor presently has a consensus rating of “Hold” and a consensus price target of $15.36.

In other ChannelAdvisor news, Director Janet Raye Cowell sold 2,400 shares of the firm’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $14.65, for a total transaction of $35,160.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider M Scot Wingo sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $14.59, for a total value of $729,500.00. Following the transaction, the insider now directly owns 712,052 shares in the company, valued at approximately $10,388,838.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,400 shares of company stock worth $924,710. Corporate insiders own 7.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its holdings in shares of ChannelAdvisor by 113.5% during the first quarter. Russell Investments Group Ltd. now owns 12,990 shares of the software maker’s stock worth $118,000 after buying an additional 6,905 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of ChannelAdvisor by 24.7% during the fourth quarter. Wells Fargo & Company MN now owns 36,421 shares of the software maker’s stock worth $327,000 after buying an additional 7,219 shares during the last quarter. BlackRock Inc. grew its holdings in shares of ChannelAdvisor by 0.9% during the fourth quarter. BlackRock Inc. now owns 1,561,140 shares of the software maker’s stock worth $14,050,000 after buying an additional 14,112 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of ChannelAdvisor by 28.6% during the fourth quarter. Deutsche Bank AG now owns 68,691 shares of the software maker’s stock worth $616,000 after buying an additional 15,263 shares during the last quarter. Finally, Stone Ridge Asset Management LLC purchased a new position in shares of ChannelAdvisor during the fourth quarter worth about $184,000. 71.32% of the stock is currently owned by hedge funds and other institutional investors.

ChannelAdvisor traded down $0.05, hitting $15.30, during trading hours on Monday, MarketBeat reports. The company’s stock had a trading volume of 39,100 shares, compared to its average volume of 91,006. The firm has a market capitalization of $416.11 million, a PE ratio of -28.68 and a beta of 0.04. ChannelAdvisor has a 52-week low of $8.30 and a 52-week high of $15.63.

About ChannelAdvisor

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