Somewhat Positive Press Coverage Somewhat Unlikely to Impact ChannelAdvisor (ECOM) Stock Price

News stories about ChannelAdvisor (NYSE:ECOM) have trended somewhat positive on Sunday, Accern reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ChannelAdvisor earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 45.213409855206 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

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ECOM has been the subject of several analyst reports. Zacks Investment Research downgraded ChannelAdvisor from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. DA Davidson raised ChannelAdvisor from a “neutral” rating to a “buy” rating and set a $12.50 price objective for the company in a research note on Tuesday, February 6th. ValuEngine downgraded ChannelAdvisor from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Dougherty & Co began coverage on ChannelAdvisor in a research report on Tuesday, December 19th. They set a “neutral” rating for the company. Finally, Needham & Company LLC decreased their price target on ChannelAdvisor from $18.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, February 14th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. ChannelAdvisor currently has an average rating of “Hold” and a consensus target price of $12.38.

Shares of ECOM traded down $0.10 on Friday, reaching $9.05. 31,481 shares of the company’s stock traded hands, compared to its average volume of 58,913. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $240.78, a price-to-earnings ratio of -17.08 and a beta of 0.11. ChannelAdvisor has a 52-week low of $8.30 and a 52-week high of $12.65.

ChannelAdvisor (NYSE:ECOM) last issued its quarterly earnings results on Tuesday, February 13th. The software maker reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.02. ChannelAdvisor had a negative return on equity of 17.47% and a negative net margin of 13.51%. The company had revenue of $34.11 million during the quarter, compared to the consensus estimate of $34.39 million. equities research analysts predict that ChannelAdvisor will post -0.49 earnings per share for the current year.

In other ChannelAdvisor news, insider M Scot Wingo sold 40,000 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $9.15, for a total value of $366,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark Cook bought 5,500 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was purchased at an average cost of $8.87 per share, with a total value of $48,785.00. Following the completion of the transaction, the chief financial officer now directly owns 158,945 shares of the company’s stock, valued at $1,409,842.15. The disclosure for this purchase can be found here. Company insiders own 7.80% of the company’s stock.

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About ChannelAdvisor

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.

Insider Buying and Selling by Quarter for ChannelAdvisor (NYSE:ECOM)

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