Amber Road (AMBR) Rating Lowered to Sell at ValuEngine

ValuEngine downgraded shares of Amber Road (NYSE:AMBR) from a hold rating to a sell rating in a report published on Wednesday.

A number of other equities analysts have also recently weighed in on AMBR. Needham & Company LLC lifted their price target on Amber Road from $11.00 to $13.00 and gave the stock a buy rating in a research note on Friday, February 16th. Canaccord Genuity cut Amber Road from a buy rating to a hold rating and lifted their price target for the stock from $9.74 to $10.00 in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Amber Road currently has an average rating of Hold and an average target price of $11.75.

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Amber Road (AMBR) opened at $9.54 on Wednesday. The firm has a market capitalization of $261.16, a PE ratio of -20.30 and a beta of 0.35. Amber Road has a 12 month low of $6.14 and a 12 month high of $10.29. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.64 and a quick ratio of 0.64.

A number of large investors have recently added to or reduced their stakes in the business. Royce & Associates LP grew its stake in Amber Road by 14.7% during the 4th quarter. Royce & Associates LP now owns 1,834,471 shares of the software maker’s stock valued at $13,465,000 after acquiring an additional 234,857 shares in the last quarter. Granahan Investment Management Inc. MA grew its stake in Amber Road by 0.9% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 1,574,394 shares of the software maker’s stock valued at $12,091,000 after acquiring an additional 13,348 shares in the last quarter. Oaktop Capital Management II L.P. grew its stake in Amber Road by 15.7% during the 4th quarter. Oaktop Capital Management II L.P. now owns 1,384,691 shares of the software maker’s stock valued at $10,164,000 after acquiring an additional 187,879 shares in the last quarter. Cramer Rosenthal Mcglynn LLC grew its stake in Amber Road by 22.6% during the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,246,867 shares of the software maker’s stock valued at $9,152,000 after acquiring an additional 230,260 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Amber Road by 0.9% during the 4th quarter. BlackRock Inc. now owns 1,157,964 shares of the software maker’s stock valued at $8,500,000 after acquiring an additional 9,844 shares in the last quarter. 73.75% of the stock is currently owned by institutional investors.

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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.

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

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