Swiss National Bank Buys 4,900 Shares of ChannelAdvisor Corp (NYSE:ECOM)

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Swiss National Bank boosted its stake in ChannelAdvisor Corp (NYSE:ECOM) by 11.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,300 shares of the software maker’s stock after purchasing an additional 4,900 shares during the quarter. Swiss National Bank owned approximately 0.17% of ChannelAdvisor worth $423,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its position in shares of ChannelAdvisor by 77,442.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,428 shares of the software maker’s stock valued at $66,000 after acquiring an additional 5,421 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of ChannelAdvisor by 74.1% during the 4th quarter. Bank of America Corp DE now owns 22,553 shares of the software maker’s stock valued at $256,000 after buying an additional 9,598 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of ChannelAdvisor during the 1st quarter valued at about $294,000. State Board of Administration of Florida Retirement System increased its stake in ChannelAdvisor by 7.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 28,412 shares of the software maker’s stock worth $346,000 after purchasing an additional 2,056 shares during the period. Finally, IndexIQ Advisors LLC purchased a new position in ChannelAdvisor in the 1st quarter worth approximately $570,000. Institutional investors and hedge funds own 81.37% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised ChannelAdvisor from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Thursday, August 15th. ValuEngine upgraded ChannelAdvisor from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $15.76.

Shares of NYSE ECOM traded up $0.38 during mid-day trading on Friday, hitting $9.95. 105,520 shares of the stock traded hands, compared to its average volume of 76,696. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a fifty day moving average price of $9.04 and a 200-day moving average price of $10.28. ChannelAdvisor Corp has a 52 week low of $8.01 and a 52 week high of $14.36. The company has a market cap of $268.37 million, a price-to-earnings ratio of -38.27 and a beta of 0.36.

ChannelAdvisor (NYSE:ECOM) last released its earnings results on Thursday, August 8th. The software maker reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. ChannelAdvisor had a negative return on equity of 5.35% and a negative net margin of 4.09%. The business had revenue of $31.93 million for the quarter, compared to the consensus estimate of $31.71 million. During the same period in the previous year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, sell-side analysts predict that ChannelAdvisor Corp will post 0.04 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for ChannelAdvisor (NYSE:ECOM)

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