Press coverage about ChannelAdvisor Corporation (NYSE:ECOM) has trended somewhat positive on Thursday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ChannelAdvisor Corporation earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 45.6312850682322 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of ChannelAdvisor Corporation (ECOM) traded up 0.82% during mid-day trading on Thursday, hitting $12.25. The stock had a trading volume of 35,030 shares. ChannelAdvisor Corporation has a 52-week low of $9.80 and a 52-week high of $15.85. The firm’s market cap is $323.78 million. The firm has a 50 day moving average price of $11.37 and a 200 day moving average price of $11.27.
ChannelAdvisor Corporation (NYSE:ECOM) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.05). The company had revenue of $30.00 million during the quarter, compared to analyst estimates of $28.65 million. ChannelAdvisor Corporation had a negative net margin of 7.42% and a negative return on equity of 7.63%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.11) EPS. Equities analysts predict that ChannelAdvisor Corporation will post ($0.03) EPS for the current year.
A number of research analysts have recently weighed in on ECOM shares. Robert W. Baird reissued a “neutral” rating on shares of ChannelAdvisor Corporation in a report on Monday, July 3rd. BidaskClub lowered ChannelAdvisor Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. KeyCorp reissued a “hold” rating on shares of ChannelAdvisor Corporation in a report on Friday, August 25th. First Analysis raised ChannelAdvisor Corporation from an “equal weight” rating to an “overweight” rating and set a $13.00 price objective on the stock in a report on Thursday, August 31st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of ChannelAdvisor Corporation in a report on Sunday, September 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $14.50.
In related news, Director Marc Huffman purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average price of $10.00 per share, for a total transaction of $100,000.00. Following the transaction, the director now directly owns 36,411 shares of the company’s stock, valued at approximately $364,110. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider M Scot Wingo sold 15,000 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $11.09, for a total value of $166,350.00. Following the completion of the transaction, the insider now owns 852,896 shares in the company, valued at approximately $9,458,616.64. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock worth $498,300 in the last 90 days. 11.30% of the stock is currently owned by insiders.
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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