Amber Road, Inc. (NYSE:AMBR)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $6.70 and last traded at $6.84, with a volume of 106100 shares traded. The stock had previously closed at $6.92.
A number of equities analysts have commented on AMBR shares. Canaccord Genuity reduced their price objective on shares of Amber Road from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Zacks Investment Research cut shares of Amber Road from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $11.00 target price on shares of Amber Road in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Amber Road has a consensus rating of “Hold” and an average price target of $11.25.
The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.64 and a current ratio of 0.64.
Amber Road (NYSE:AMBR) last announced its earnings results on Thursday, November 2nd. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.06. The company had revenue of $20.20 million during the quarter, compared to analysts’ expectations of $20.36 million. Amber Road had a negative net margin of 20.19% and a negative return on equity of 53.22%. Amber Road’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.08) earnings per share. equities analysts predict that Amber Road, Inc. will post -0.52 earnings per share for the current year.
In related news, CEO James W. Preuninger sold 16,229 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $7.75, for a total transaction of $125,774.75. Following the completion of the sale, the chief executive officer now owns 1,857,722 shares of the company’s stock, valued at $14,397,345.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Albert C. Cooke III sold 7,581 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $7.90, for a total transaction of $59,889.90. Following the sale, the vice president now directly owns 8,425 shares of the company’s stock, valued at approximately $66,557.50. The disclosure for this sale can be found here. In the last three months, insiders sold 77,581 shares of company stock valued at $597,494. 13.10% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of AMBR. Oaktop Capital Management II L.P. bought a new stake in Amber Road during the second quarter worth about $8,175,000. Disciplined Growth Investors Inc. MN acquired a new position in Amber Road during the second quarter worth about $1,964,000. Royce & Associates LP raised its stake in Amber Road by 16.0% during the second quarter. Royce & Associates LP now owns 1,586,379 shares of the software maker’s stock worth $13,595,000 after acquiring an additional 218,886 shares in the last quarter. Cramer Rosenthal Mcglynn LLC raised its stake in Amber Road by 24.7% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,001,992 shares of the software maker’s stock worth $8,587,000 after acquiring an additional 198,725 shares in the last quarter. Finally, Gagnon Securities LLC raised its stake in Amber Road by 16.4% during the second quarter. Gagnon Securities LLC now owns 1,328,206 shares of the software maker’s stock worth $11,383,000 after acquiring an additional 187,419 shares in the last quarter. 71.63% of the stock is owned by institutional investors and hedge funds.
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Amber Road Company Profile
Amber Road, Inc is a provider of cloud-based global trade management (GTM) solutions. The Company’s GTM solutions include modules for logistics contract and rate management, supply chain visibility and event management, international trade compliance, and Global Knowledge trade content database to importers and exporters, non-vessel owning common carriers (resellers), and ocean carriers.
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