Equities analysts expect that ChannelAdvisor Corp (NYSE:ECOM) will post sales of $31.63 million for the current quarter, according to Zacks. Seven analysts have issued estimates for ChannelAdvisor’s earnings. The highest sales estimate is $31.70 million and the lowest is $31.57 million. ChannelAdvisor posted sales of $30.10 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.1%. The firm is expected to report its next earnings report on Thursday, November 1st.
According to Zacks, analysts expect that ChannelAdvisor will report full year sales of $131.16 million for the current year, with estimates ranging from $131.00 million to $131.42 million. For the next fiscal year, analysts anticipate that the firm will post sales of $140.09 million per share, with estimates ranging from $137.00 million to $142.82 million. Zacks’ sales averages are an average based on a survey of analysts that cover ChannelAdvisor.
ChannelAdvisor (NYSE:ECOM) last released its earnings results on Thursday, August 9th. The software maker reported ($0.10) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.10). The company had revenue of $32.66 million during the quarter, compared to analysts’ expectations of $31.46 million. ChannelAdvisor had a negative return on equity of 12.48% and a negative net margin of 8.13%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.15) EPS.
ECOM has been the subject of a number of research analyst reports. Zacks Investment Research upgraded ChannelAdvisor from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Wednesday, August 15th. Needham & Company LLC raised their target price on ChannelAdvisor from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, August 10th. B. Riley set a $18.00 target price on ChannelAdvisor and gave the company a “buy” rating in a research note on Friday, August 10th. First Analysis set a $17.00 target price on ChannelAdvisor and gave the company a “buy” rating in a research note on Wednesday, June 13th. Finally, ValuEngine cut ChannelAdvisor from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $15.86.
In other ChannelAdvisor news, insider M Scot Wingo sold 47,692 shares of ChannelAdvisor stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $13.02, for a total transaction of $620,949.84. Following the completion of the transaction, the insider now owns 710,502 shares in the company, valued at $9,250,736.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.80% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the business. Engineers Gate Manager LP purchased a new position in shares of ChannelAdvisor in the second quarter worth $166,000. Russell Investments Group Ltd. raised its stake in shares of ChannelAdvisor by 113.5% in the first quarter. Russell Investments Group Ltd. now owns 12,990 shares of the software maker’s stock worth $118,000 after purchasing an additional 6,905 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of ChannelAdvisor by 51.4% in the second quarter. Cubist Systematic Strategies LLC now owns 14,645 shares of the software maker’s stock worth $206,000 after purchasing an additional 4,975 shares during the last quarter. Strs Ohio purchased a new position in shares of ChannelAdvisor in the second quarter worth $331,000. Finally, Rhumbline Advisers raised its stake in shares of ChannelAdvisor by 40.4% in the second quarter. Rhumbline Advisers now owns 32,176 shares of the software maker’s stock worth $452,000 after purchasing an additional 9,262 shares during the last quarter. Institutional investors and hedge funds own 73.12% of the company’s stock.
Shares of ECOM traded down $0.05 on Tuesday, reaching $11.10. The stock had a trading volume of 938 shares, compared to its average volume of 79,406. The stock has a market cap of $300.11 million, a PE ratio of -21.04 and a beta of 0.28. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.02. ChannelAdvisor has a 12-month low of $8.30 and a 12-month high of $15.63.
ChannelAdvisor Company Profile
ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps retailers and branded manufacturers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.
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