News articles about ChannelAdvisor (NYSE:ECOM) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ChannelAdvisor earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned headlines about the software maker an impact score of 45.3572874968369 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
ChannelAdvisor (NYSE:ECOM) opened at $9.05 on Friday. ChannelAdvisor has a 12-month low of $8.30 and a 12-month high of $15.15. The company has a market cap of $239.13, a PE ratio of -22.62 and a beta of 0.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.94.
ChannelAdvisor (NYSE:ECOM) last announced its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.02. ChannelAdvisor had a negative net margin of 8.54% and a negative return on equity of 9.48%. The company had revenue of $30.10 million during the quarter, compared to the consensus estimate of $30.08 million. During the same quarter last year, the firm posted ($0.12) EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. sell-side analysts expect that ChannelAdvisor will post -0.58 earnings per share for the current year.
ECOM has been the topic of several recent research reports. First Analysis upgraded shares of ChannelAdvisor from an “equal weight” rating to an “overweight” rating and set a $13.00 price target on the stock in a research note on Thursday, August 31st. BidaskClub raised shares of ChannelAdvisor from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 6th. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of ChannelAdvisor in a research report on Sunday, September 17th. DA Davidson began coverage on shares of ChannelAdvisor in a research report on Friday, September 22nd. They issued a “neutral” rating and a $12.50 price objective for the company. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $13.00 price objective on shares of ChannelAdvisor in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. ChannelAdvisor currently has a consensus rating of “Hold” and a consensus price target of $14.13.
In related news, Director Joseph L. Cowan bought 16,870 shares of ChannelAdvisor stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average price of $8.48 per share, with a total value of $143,057.60. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Mark Cook bought 10,000 shares of ChannelAdvisor stock in a transaction that occurred on Wednesday, November 8th. The shares were bought at an average cost of $8.80 per share, with a total value of $88,000.00. Following the acquisition, the chief financial officer now directly owns 153,445 shares in the company, valued at approximately $1,350,316. The disclosure for this purchase can be found here. In the last three months, insiders bought 30,000 shares of company stock valued at $257,913. Insiders own 11.30% of the company’s stock.
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ChannelAdvisor Company Profile
Channeladvisor Corporation is a provider of Software as a service (SaaS) solutions. The Company’s SaaS solutions enable retailer and branded manufacturer customers to integrate, manage and optimize their merchandise sales via hundreds of online channels. The Company’s platform enable its customers to connect with new and existing sources of demand for their products, including e-commerce marketplaces, such as Amazon, eBay, Jet.com, Newegg, Sears and Walmart, search engines and comparison shopping Websites, such as Google, Microsoft’s Bing and Nextag, and social channels, such as Facebook, Instagram and Pinterest.
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