Amber Road Inc. (NYSE:AMBR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.
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. “
Several other equities research analysts have also issued reports on the company. Raymond James Financial Inc. upped their price target on Amber Road from $10.50 to $13.00 and gave the company an “outperform” rating in a research report on Monday, August 15th. Pacific Crest reissued a “hold” rating on shares of Amber Road in a research report on Friday, August 5th. Stifel Nicolaus upped their price target on Amber Road from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, August 5th. FBR & Co upped their price target on Amber Road from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 target price (up from $7.00) on shares of Amber Road in a research report on Monday, June 20th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $10.83.
Amber Road (NYSE:AMBR) traded up 0.10% on Tuesday, hitting $9.76. The stock had a trading volume of 104,723 shares. The company’s market cap is $258.25 million. The stock has a 50-day moving average of $10.23 and a 200-day moving average of $7.55. Amber Road has a one year low of $3.42 and a one year high of $11.29.
Amber Road (NYSE:AMBR) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. The firm had revenue of $18.10 million for the quarter, compared to analyst estimates of $17.77 million. Amber Road had a negative net margin of 33.51% and a negative return on equity of 52.48%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.19) earnings per share. Equities analysts expect that Amber Road will post ($0.51) earnings per share for the current fiscal year.
In other news, CFO Thomas E. Conway sold 40,000 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $10.22, for a total transaction of $408,800.00. Following the transaction, the chief financial officer now directly owns 40,000 shares of the company’s stock, valued at $408,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donald R. Caldwell sold 1,450,000 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $9.00, for a total value of $13,050,000.00. The disclosure for this sale can be found here. Insiders own 32.30% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of AMBR. G2 Investment Partners Management LLC raised its position in Amber Road by 30.8% in the second quarter. G2 Investment Partners Management LLC now owns 1,391,430 shares of the company’s stock worth $10,728,000 after buying an additional 327,600 shares during the last quarter. Royce & Associates LP raised its position in Amber Road by 8.3% in the second quarter. Royce & Associates LP now owns 1,274,667 shares of the company’s stock worth $9,828,000 after buying an additional 97,717 shares during the last quarter. Vanguard Group Inc. raised its position in Amber Road by 4.4% in the second quarter. Vanguard Group Inc. now owns 600,026 shares of the company’s stock worth $4,627,000 after buying an additional 25,105 shares during the last quarter. Allianz Asset Management AG purchased a new position in Amber Road during the second quarter worth about $3,535,000. Finally, BlackRock Fund Advisors raised its position in Amber Road by 0.3% in the second quarter. BlackRock Fund Advisors now owns 457,828 shares of the company’s stock worth $3,530,000 after buying an additional 1,530 shares during the last quarter. 57.42% of the stock is currently owned by institutional investors.
Amber Road Company Profile
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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