News articles about Amber Road (NYSE:AMBR) have trended somewhat positive on Tuesday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Amber Road earned a news impact score of 0.02 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 49 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
AMBR has been the subject of several recent research reports. Canaccord Genuity reissued a “buy” rating and issued a $11.00 target price on shares of Amber Road in a research report on Tuesday, May 9th. ValuEngine downgraded shares of Amber Road from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and set a $15.00 price objective on shares of Amber Road in a report on Monday, June 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price objective on shares of Amber Road in a report on Monday, June 5th. Finally, Zacks Investment Research cut shares of Amber Road from a “hold” rating to a “sell” rating in a research note on Monday, March 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $12.14.
Amber Road (AMBR) traded up 0.79% during midday trading on Tuesday, hitting $8.88. 7,177 shares of the stock traded hands. The stock’s market capitalization is $240.26 million. The firm’s 50 day moving average is $7.81 and its 200-day moving average is $8.19. Amber Road has a 12-month low of $6.71 and a 12-month high of $12.30.
Amber Road (NYSE:AMBR) last issued its earnings results on Monday, May 8th. The software maker reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.02. Amber Road had a negative return on equity of 57.33% and a negative net margin of 23.78%. The business had revenue of $18.60 million during the quarter, compared to the consensus estimate of $18.55 million. During the same quarter last year, the company earned ($0.15) EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, analysts anticipate that Amber Road will post ($0.40) EPS for the current fiscal year.
In other Amber Road news, insider Nathan Pieri sold 4,920 shares of Amber Road stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $7.66, for a total value of $37,687.20. Following the transaction, the insider now directly owns 22,488 shares of the company’s stock, valued at approximately $172,258.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Albert C. Cooke III sold 4,182 shares of Amber Road stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $7.30, for a total value of $30,528.60. Following the completion of the sale, the vice president now owns 8,000 shares in the company, valued at $58,400. The disclosure for this sale can be found here. Company insiders own 13.10% of the company’s stock.
About Amber Road
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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