Amber Road (AMBR) Upgraded at Zacks Investment Research

Amber Road (NYSE:AMBR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The firm currently has a $10.00 target price on the software maker’s stock. Zacks Investment Research‘s target price suggests a potential upside of 12.11% from the company’s current price.

According to Zacks, “Amber Road, Inc. operates as a provider of on-demand Global Trade Management solutions. It offers import and export, global logistics, and trade agreement management solutions worldwide. The Company’s solutions include Enterprise-Class Software, Trade Content, Supply Chain Network, Flexible Technology and SaaS Delivery. It offers its solution to enterprises in various industries, including chemical/pharmaceutical, high technology/electronics, industrial/manufacturing, logistics, oil and gas, and retail/apparel through a software-as-a-service model. Amber Road, Inc. is headquartered in East Rutherford, New Jersey. “

A number of other equities research analysts have also weighed in on the stock. ValuEngine lowered shares of Amber Road from a “buy” rating to a “hold” rating in a report on Friday, June 29th. Stifel Nicolaus raised their price objective on shares of Amber Road from $12.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, June 21st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $11.75.

Shares of AMBR traded down $0.02 during midday trading on Monday, reaching $8.92. The stock had a trading volume of 110,567 shares, compared to its average volume of 120,033. Amber Road has a 1-year low of $6.14 and a 1-year high of $10.29. The firm has a market capitalization of $244.34 million, a price-to-earnings ratio of -18.91 and a beta of 0.26. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.68.

Amber Road (NYSE:AMBR) last announced its quarterly earnings data on Tuesday, August 7th. The software maker reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.03. Amber Road had a negative net margin of 12.71% and a negative return on equity of 38.91%. The business had revenue of $21.06 million for the quarter, compared to analyst estimates of $20.83 million. analysts predict that Amber Road will post -0.4 earnings per share for the current fiscal year.

In related news, CEO James W. Preuninger sold 8,380 shares of the stock in a transaction on Tuesday, July 17th. The shares were sold at an average price of $8.82, for a total value of $73,911.60. Following the transaction, the chief executive officer now directly owns 1,789,437 shares of the company’s stock, valued at approximately $15,782,834.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James W. Preuninger sold 50,000 shares of the stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $9.50, for a total transaction of $475,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,800,184 shares in the company, valued at $17,101,748. The disclosure for this sale can be found here. Insiders sold a total of 97,848 shares of company stock worth $916,219 over the last ninety days. Insiders own 15.10% of the company’s stock.

A number of institutional investors have recently modified their holdings of AMBR. BlackRock Inc. grew its position in Amber Road by 22.2% during the 2nd quarter. BlackRock Inc. now owns 1,409,806 shares of the software maker’s stock worth $13,266,000 after purchasing an additional 256,325 shares during the last quarter. Northpointe Capital LLC purchased a new position in Amber Road during the 2nd quarter worth $2,161,000. Deutsche Bank AG grew its position in Amber Road by 80.8% during the 4th quarter. Deutsche Bank AG now owns 151,340 shares of the software maker’s stock worth $1,110,000 after purchasing an additional 67,624 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Amber Road during the 1st quarter worth $565,000. Finally, Royce & Associates LP grew its position in Amber Road by 3.6% during the 2nd quarter. Royce & Associates LP now owns 1,705,139 shares of the software maker’s stock worth $16,045,000 after purchasing an additional 59,368 shares during the last quarter. 65.98% of the stock is currently owned by institutional investors.

About Amber Road

Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. 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, supply chain collaboration with overseas factories and vendors, and duty management solutions to importers and exporters, nonvessel owning common carriers (resellers), and ocean carriers.

Read More: What do I need to know about analyst ratings?

Get a free copy of the Zacks research report on Amber Road (AMBR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Leave a Reply