Amber Road (AMBR) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of Amber Road (NYSE:AMBR) from a sell rating to a hold rating in a report published on Wednesday.

AMBR has been the topic of several other reports. Canaccord Genuity cut shares of Amber Road from a buy rating to a hold rating and upped their price target for the company from $9.74 to $10.00 in a report on Friday, February 16th. Needham & Company LLC increased their target price on shares of Amber Road from $11.00 to $13.00 and gave the stock a buy rating in a report on Friday, February 16th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $11.75.

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AMBR opened at $8.97 on Wednesday. The firm has a market capitalization of $246.15, a P/E ratio of -19.09 and a beta of 0.35. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.66 and a current ratio of 0.66. Amber Road has a 12-month low of $6.14 and a 12-month high of $10.29.

Amber Road (NYSE:AMBR) last posted its quarterly earnings results on Thursday, February 15th. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.03. The firm had revenue of $20.63 million for the quarter, compared to analysts’ expectations of $20.51 million. Amber Road had a negative net margin of 16.41% and a negative return on equity of 48.81%. equities research analysts anticipate that Amber Road will post -0.43 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the business. Royce & Associates LP raised its holdings in shares of Amber Road by 14.7% during the fourth quarter. Royce & Associates LP now owns 1,834,471 shares of the software maker’s stock worth $13,465,000 after purchasing an additional 234,857 shares during the period. Granahan Investment Management Inc. MA raised its holdings in shares of Amber Road by 0.9% during the third quarter. Granahan Investment Management Inc. MA now owns 1,574,394 shares of the software maker’s stock worth $12,091,000 after purchasing an additional 13,348 shares during the period. Oaktop Capital Management II L.P. raised its holdings in shares of Amber Road by 15.7% during the fourth quarter. Oaktop Capital Management II L.P. now owns 1,384,691 shares of the software maker’s stock worth $10,164,000 after purchasing an additional 187,879 shares during the period. Cramer Rosenthal Mcglynn LLC raised its holdings in shares of Amber Road by 22.6% during the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 1,246,867 shares of the software maker’s stock worth $9,152,000 after purchasing an additional 230,260 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of Amber Road by 0.9% during the fourth quarter. BlackRock Inc. now owns 1,157,964 shares of the software maker’s stock worth $8,500,000 after purchasing an additional 9,844 shares during the period. 75.28% of the stock is currently owned by institutional investors.

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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 for logistics contract and rate management; supply chain visibility and event management; international trade compliance; and global knowledge trade content database, supply chain collaboration with overseas factories and vendors, and duty management solutions to importers and exporters, nonvessel owning common carriers (resellers), and ocean carriers.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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