ChannelAdvisor (NYSE:ECOM) Downgraded by Zacks Investment Research

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ChannelAdvisor (NYSE:ECOM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Channel Advisor Corporation offers cloud-based e-commerce solutions and services. It solutions include marketplaces, comparison shopping, paid search, social campaigns, flex feeds, web stores and rich media. The company serves traditional retailers, online retailers, brand manufacturers and advertising agencies. Channel Advisor Corporation is headquartered in Morrisville, North Carolina. “

Several other equities research analysts also recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $42.00 target price (down from $45.00) on shares of Synaptics in a research report on Friday, May 10th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, First Analysis downgraded shares of ChannelAdvisor from a “strong-buy” rating to an “outperform” rating and set a $10.02 target price on the stock. in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $15.76.

NYSE:ECOM traded down $0.09 during mid-day trading on Thursday, hitting $9.36. 29,600 shares of the company’s stock were exchanged, compared to its average volume of 110,342. The stock’s 50 day moving average is $9.10. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. ChannelAdvisor has a fifty-two week low of $8.52 and a fifty-two week high of $15.05. The company has a market cap of $263.28 million, a price-to-earnings ratio of -36.00 and a beta of 0.25.

ChannelAdvisor (NYSE:ECOM) last posted its earnings results on Thursday, May 9th. The software maker reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.17. ChannelAdvisor had a negative net margin of 5.16% and a negative return on equity of 7.02%. The business had revenue of $31.57 million for the quarter, compared to the consensus estimate of $31.79 million. During the same period last year, the company earned ($0.02) EPS. The firm’s revenue was up .4% compared to the same quarter last year. On average, analysts forecast that ChannelAdvisor will post -0.08 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in ECOM. Martingale Asset Management L P bought a new position in ChannelAdvisor during the 1st quarter worth approximately $1,715,000. Dimensional Fund Advisors LP raised its holdings in ChannelAdvisor by 161.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 157,236 shares of the software maker’s stock worth $1,785,000 after purchasing an additional 96,983 shares during the last quarter. Acadian Asset Management LLC raised its holdings in ChannelAdvisor by 95.3% during the 1st quarter. Acadian Asset Management LLC now owns 192,578 shares of the software maker’s stock worth $2,346,000 after purchasing an additional 93,949 shares during the last quarter. Spark Investment Management LLC raised its holdings in ChannelAdvisor by 67.2% during the 1st quarter. Spark Investment Management LLC now owns 151,500 shares of the software maker’s stock worth $1,845,000 after purchasing an additional 60,899 shares during the last quarter. Finally, IndexIQ Advisors LLC bought a new position in ChannelAdvisor during the 1st quarter worth approximately $570,000. Hedge funds and other institutional investors own 81.83% of the company’s stock.

About ChannelAdvisor

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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