Analysts Set ChannelAdvisor Corp (ECOM) Target Price at $19.40

ChannelAdvisor Corp (NYSE:ECOM) has received an average rating of “Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $19.40.

Several analysts have issued reports on the company. ValuEngine downgraded ChannelAdvisor from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Zacks Investment Research raised ChannelAdvisor from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Wednesday, February 6th.

ECOM stock opened at $11.46 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market cap of $326.62 million, a price-to-earnings ratio of -44.08 and a beta of 0.08. ChannelAdvisor has a 1-year low of $9.68 and a 1-year high of $15.63.

ChannelAdvisor (NYSE:ECOM) last posted its earnings results on Wednesday, February 13th. The software maker reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.17. The firm had revenue of $34.79 million for the quarter, compared to analyst estimates of $34.70 million. ChannelAdvisor had a negative return on equity of 8.01% and a negative net margin of 5.79%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 earnings per share. Analysts predict that ChannelAdvisor will post -0.16 earnings per share for the current year.

In other ChannelAdvisor news, Chairman M Scot Wingo sold 15,000 shares of ChannelAdvisor stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $12.34, for a total value of $185,100.00. Following the sale, the chairman now owns 585,331 shares of the company’s stock, valued at approximately $7,222,984.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 72,025 shares of company stock worth $901,009 in the last three months. Company insiders own 8.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its position in shares of ChannelAdvisor by 44.9% in the fourth quarter. Legal & General Group Plc now owns 5,349 shares of the software maker’s stock valued at $61,000 after acquiring an additional 1,658 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of ChannelAdvisor by 2.1% in the third quarter. TIAA CREF Investment Management LLC now owns 145,635 shares of the software maker’s stock valued at $1,813,000 after acquiring an additional 2,928 shares during the last quarter. Quantamental Technologies LLC acquired a new position in ChannelAdvisor during the fourth quarter worth approximately $35,000. Bank of New York Mellon Corp increased its position in ChannelAdvisor by 3.9% during the fourth quarter. Bank of New York Mellon Corp now owns 94,359 shares of the software maker’s stock worth $1,071,000 after buying an additional 3,523 shares during the last quarter. Finally, Stone Ridge Asset Management LLC increased its position in ChannelAdvisor by 21.7% during the fourth quarter. Stone Ridge Asset Management LLC now owns 23,656 shares of the software maker’s stock worth $268,000 after buying an additional 4,213 shares during the last quarter. 80.60% of the stock is currently owned by institutional investors and hedge funds.

About ChannelAdvisor

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

Recommended Story: Penny Stocks

Analyst Recommendations for ChannelAdvisor (NYSE:ECOM)

Receive News & Ratings for ChannelAdvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ChannelAdvisor and related companies with MarketBeat.com's FREE daily email newsletter.