First Analysis Downgrades ChannelAdvisor (ECOM) to Outperform

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First Analysis cut shares of ChannelAdvisor (NYSE:ECOM) from a strong-buy rating to an outperform rating in a research report report published on Friday morning, Benzinga reports. They currently have $10.02 price objective on the software maker’s stock.

Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of ChannelAdvisor from a buy rating to a hold rating in a research note on Monday, January 14th. ValuEngine raised shares of ChannelAdvisor from a hold rating to a buy rating in a research note on Thursday, February 14th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. ChannelAdvisor presently has an average rating of Buy and a consensus price target of $17.01.

NYSE:ECOM opened at $9.63 on Friday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.02. The firm has a market cap of $267.71 million, a P/E ratio of -37.04 and a beta of 0.08. ChannelAdvisor has a twelve month low of $9.01 and a twelve month high of $15.63.

ChannelAdvisor (NYSE:ECOM) last posted its earnings results on Thursday, May 9th. The software maker reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.17. The business had revenue of $31.57 million for the quarter, compared to analyst estimates of $31.79 million. ChannelAdvisor had a negative net margin of 5.16% and a negative return on equity of 7.06%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.02) EPS. Sell-side analysts forecast that ChannelAdvisor will post -0.16 EPS for the current year.

In related news, Chairman M Scot Wingo sold 15,000 shares of ChannelAdvisor stock in a transaction on Friday, March 15th. The shares were sold at an average price of $12.34, for a total transaction of $185,100.00. Following the sale, the chairman now owns 585,331 shares of the company’s stock, valued at approximately $7,222,984.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 72,025 shares of company stock worth $901,009 in the last ninety days. 8.10% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ECOM. Quantamental Technologies LLC bought a new stake in shares of ChannelAdvisor in the 4th quarter worth about $35,000. Legal & General Group Plc increased its position in shares of ChannelAdvisor by 44.9% in the 4th quarter. Legal & General Group Plc now owns 5,349 shares of the software maker’s stock worth $61,000 after purchasing an additional 1,658 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of ChannelAdvisor by 77,442.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,428 shares of the software maker’s stock worth $66,000 after purchasing an additional 5,421 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of ChannelAdvisor by 404.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,859 shares of the software maker’s stock worth $101,000 after purchasing an additional 7,102 shares during the last quarter. Finally, Alambic Investment Management L.P. bought a new stake in shares of ChannelAdvisor in the 4th quarter worth about $209,000. 80.10% of the stock is owned by institutional investors.

ChannelAdvisor Company Profile

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps brands and retailers 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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