Wall Street analysts expect that ChannelAdvisor Corp (NYSE:ECOM) will report earnings per share of ($0.03) for the current quarter, Zacks reports. Seven analysts have provided estimates for ChannelAdvisor’s earnings. The lowest EPS estimate is ($0.04) and the highest is ($0.02). ChannelAdvisor posted earnings of ($0.04) per share in the same quarter last year, which indicates a positive year over year growth rate of 25%. The business is expected to issue its next earnings report on Thursday, November 1st.
According to Zacks, analysts expect that ChannelAdvisor will report full year earnings of $0.07 per share for the current year, with EPS estimates ranging from $0.06 to $0.11. For the next year, analysts forecast that the business will report earnings of $0.18 per share, with EPS estimates ranging from $0.07 to $0.33. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow ChannelAdvisor.
ChannelAdvisor (NYSE:ECOM) last issued its quarterly earnings data on Thursday, August 9th. The software maker reported ($0.10) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.10). The company had revenue of $32.66 million for the quarter, compared to the consensus estimate of $31.46 million. ChannelAdvisor had a negative net margin of 8.13% and a negative return on equity of 12.48%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.15) earnings per share.
Several research firms have weighed in on ECOM. Zacks Investment Research downgraded shares of ChannelAdvisor from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. First Analysis set a $17.00 price objective on shares of ChannelAdvisor and gave the stock a “buy” rating in a research note on Wednesday, June 13th. B. Riley started coverage on shares of ChannelAdvisor in a research note on Tuesday, June 26th. They issued a “buy” rating and a $17.50 price objective for the company. Needham & Company LLC increased their price objective on shares of ChannelAdvisor from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Finally, ValuEngine cut shares of ChannelAdvisor from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. ChannelAdvisor has a consensus rating of “Buy” and a consensus price target of $15.86.
ECOM traded up $0.25 during trading on Friday, hitting $11.70. The company’s stock had a trading volume of 54,737 shares, compared to its average volume of 101,157. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.02. ChannelAdvisor has a one year low of $8.30 and a one year high of $15.63. The company has a market capitalization of $316.48 million, a PE ratio of -22.08 and a beta of 0.28.
In related news, insider M Scot Wingo sold 47,692 shares of the firm’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $13.02, for a total transaction of $620,949.84. Following the completion of the transaction, the insider now directly owns 710,502 shares of the company’s stock, valued at $9,250,736.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.80% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Spark Investment Management LLC grew its stake in ChannelAdvisor by 26.1% during the second quarter. Spark Investment Management LLC now owns 181,700 shares of the software maker’s stock valued at $2,552,000 after acquiring an additional 37,600 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in ChannelAdvisor by 13.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 69,346 shares of the software maker’s stock valued at $974,000 after acquiring an additional 8,325 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in ChannelAdvisor by 26.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 102,636 shares of the software maker’s stock valued at $934,000 after acquiring an additional 21,227 shares in the last quarter. Acadian Asset Management LLC purchased a new position in ChannelAdvisor during the second quarter valued at $1,199,000. Finally, Strs Ohio purchased a new position in ChannelAdvisor during the second quarter valued at $331,000. 73.12% of the stock is owned by institutional investors.
ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps retailers and branded manufacturers 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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