ChannelAdvisor (ECOM) Rating Increased to Buy at ValuEngine

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ChannelAdvisor (NYSE:ECOM) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Thursday.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded ChannelAdvisor from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Wednesday, January 9th. B. Riley set a $31.00 price target on ChannelAdvisor and gave the stock a “buy” rating in a research report on Tuesday, November 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. ChannelAdvisor has a consensus rating of “Buy” and an average price target of $17.29.

Shares of NYSE ECOM traded up $0.80 during midday trading on Thursday, reaching $12.80. 165,755 shares of the stock traded hands, compared to its average volume of 76,000. The company has a market capitalization of $302.75 million, a P/E ratio of -24.15 and a beta of 0.07. ChannelAdvisor has a one year low of $8.50 and a one year high of $15.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.93 and a current ratio of 1.93.

ChannelAdvisor (NYSE:ECOM) last issued its quarterly earnings results on Wednesday, February 13th. The software maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.17. The company had revenue of $34.79 million during the quarter, compared to the consensus estimate of $34.70 million. ChannelAdvisor had a negative return on equity of 10.13% and a negative net margin of 6.64%. ChannelAdvisor’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $0.08 earnings per share. As a group, equities analysts predict that ChannelAdvisor will post -0.34 EPS for the current fiscal year.

In related news, insider M Scot Wingo sold 3,600 shares of the firm’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $10.64, for a total value of $38,304.00. Following the completion of the sale, the insider now directly owns 644,607 shares in the company, valued at $6,858,618.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 7.80% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in ECOM. Quantamental Technologies LLC bought a new stake in shares of ChannelAdvisor during the fourth quarter worth $35,000. Metropolitan Life Insurance Co. NY increased its stake in shares of ChannelAdvisor by 404.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,859 shares of the software maker’s stock valued at $101,000 after buying an additional 7,102 shares during the period. Jefferies Group LLC purchased a new position in shares of ChannelAdvisor during the third quarter valued at $135,000. Trexquant Investment LP purchased a new position in shares of ChannelAdvisor during the third quarter valued at $139,000. Finally, Globeflex Capital L P purchased a new position in shares of ChannelAdvisor during the third quarter valued at $147,000. Institutional investors and hedge funds own 75.49% of the company’s stock.

ChannelAdvisor Company Profile

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

Analyst Recommendations for ChannelAdvisor (NYSE:ECOM)

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