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.
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.
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