Amber Road Inc (NYSE:AMBR) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 139,600 shares, a decrease of 22.2% from the May 15th total of 179,500 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 434,900 shares, the short-interest ratio is presently 0.3 days.
Several research analysts recently commented on the stock. Stifel Nicolaus downgraded shares of Amber Road from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Zacks Investment Research downgraded shares of Amber Road from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. ValuEngine raised shares of Amber Road from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Finally, Needham & Company LLC downgraded shares of Amber Road from a “buy” rating to a “hold” rating and set a $12.95 price objective for the company. in a report on Tuesday, May 14th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Amber Road currently has an average rating of “Hold” and an average target price of $13.98.
AMBR traded up $0.01 on Thursday, hitting $13.03. The company’s stock had a trading volume of 2,900 shares, compared to its average volume of 350,374. The stock’s 50 day simple moving average is $12.69. The stock has a market cap of $377.83 million, a price-to-earnings ratio of -26.59 and a beta of -0.05. Amber Road has a 12 month low of $7.60 and a 12 month high of $13.05. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.84.
Amber Road (NYSE:AMBR) last released its quarterly earnings data on Thursday, May 9th. The software maker reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. The company had revenue of $21.10 million during the quarter, compared to the consensus estimate of $20.62 million. Amber Road had a negative net margin of 12.49% and a negative return on equity of 33.06%. Amber Road’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm earned ($0.04) EPS. Research analysts anticipate that Amber Road will post -0.33 EPS for the current year.
In related news, CFO Thomas E. Conway sold 246,666 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $12.95, for a total value of $3,194,324.70. Following the completion of the transaction, the chief financial officer now directly owns 63,177 shares of the company’s stock, valued at approximately $818,142.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nathan Pieri sold 9,862 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $13.00, for a total transaction of $128,206.00. Following the completion of the transaction, the insider now directly owns 9,862 shares of the company’s stock, valued at $128,206. The disclosure for this sale can be found here. Insiders have sold a total of 562,396 shares of company stock valued at $7,289,639 over the last three months. Insiders own 15.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA lifted its stake in Amber Road by 61,587.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,935 shares of the software maker’s stock worth $43,000 after purchasing an additional 4,927 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Amber Road by 14.2% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 15,351 shares of the software maker’s stock worth $126,000 after purchasing an additional 1,911 shares in the last quarter. Bank of Montreal Can lifted its stake in Amber Road by 11.1% in the 4th quarter. Bank of Montreal Can now owns 18,109 shares of the software maker’s stock worth $149,000 after purchasing an additional 1,814 shares in the last quarter. Martingale Asset Management L P purchased a new stake in Amber Road in the 1st quarter worth approximately $198,000. Finally, Rhumbline Advisers lifted its stake in Amber Road by 51.1% in the 4th quarter. Rhumbline Advisers now owns 30,131 shares of the software maker’s stock worth $248,000 after purchasing an additional 10,191 shares in the last quarter. Institutional investors and hedge funds own 79.65% of the company’s stock.
Amber Road Company Profile
Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. The company's GTM solutions include modules, such as import management, export management, China trade management, global logistics management, trade agreement management, and supply chain collaboration, as well as professional services, such as assessment, implementation, education and training, and maintenance and support.
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