Equities research analysts expect that ChannelAdvisor Corporation (NYSE:ECOM) will announce $30.12 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for ChannelAdvisor Corporation’s earnings, with the lowest sales estimate coming in at $29.80 million and the highest estimate coming in at $30.92 million. ChannelAdvisor Corporation reported sales of $27.99 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.6%. The firm is expected to announce its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that ChannelAdvisor Corporation will report full-year sales of $30.12 million for the current financial year, with estimates ranging from $123.60 million to $125.64 million. For the next fiscal year, analysts anticipate that the firm will report sales of $138.24 million per share, with estimates ranging from $135.90 million to $142.79 million. Zacks’ sales averages are an average based on a survey of research firms that cover ChannelAdvisor Corporation.
ChannelAdvisor Corporation (NYSE:ECOM) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.10) by $0.05. ChannelAdvisor Corporation had a negative net margin of 7.42% and a negative return on equity of 7.63%. The business had revenue of $30 million during the quarter, compared to analyst estimates of $28.65 million. During the same period in the previous year, the business posted ($0.11) earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis.
Several equities analysts recently weighed in on ECOM shares. Zacks Investment Research raised ChannelAdvisor Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Tuesday, June 13th. TheStreet cut ChannelAdvisor Corporation from a “c-” rating to a “d+” rating in a report on Monday, June 5th. First Analysis cut ChannelAdvisor Corporation from an “overweight” rating to an “equal weight” rating in a report on Tuesday, May 9th. ValuEngine upgraded ChannelAdvisor Corporation from a “sell” rating to a “hold” rating in a report on Thursday, May 18th. Finally, William Blair reiterated a “market perform” rating on shares of ChannelAdvisor Corporation in a report on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. ChannelAdvisor Corporation currently has a consensus rating of “Hold” and an average target price of $15.50.
Shares of ChannelAdvisor Corporation (NYSE ECOM) opened at 10.15 on Wednesday. The stock has a 50 day moving average price of $11.28 and a 200-day moving average price of $11.65. ChannelAdvisor Corporation has a 52 week low of $10.05 and a 52 week high of $15.85. The firm’s market capitalization is $267.25 million.
In other news, insider M Scot Wingo sold 15,000 shares of the firm’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $11.57, for a total transaction of $173,550.00. Following the sale, the insider now owns 867,896 shares in the company, valued at $10,041,556.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 45,000 shares of company stock worth $509,550 in the last 90 days. Insiders own 11.30% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in ChannelAdvisor Corporation by 8.5% in the second quarter. Rhumbline Advisers now owns 27,908 shares of the software maker’s stock valued at $322,000 after buying an additional 2,195 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in ChannelAdvisor Corporation by 0.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 97,489 shares of the software maker’s stock valued at $1,126,000 after buying an additional 646 shares during the period. Spark Investment Management LLC boosted its stake in ChannelAdvisor Corporation by 28.4% in the second quarter. Spark Investment Management LLC now owns 200,200 shares of the software maker’s stock valued at $2,312,000 after buying an additional 44,300 shares during the period. Tower Research Capital LLC TRC boosted its stake in ChannelAdvisor Corporation by 1,117.0% in the first quarter. Tower Research Capital LLC TRC now owns 14,239 shares of the software maker’s stock valued at $159,000 after buying an additional 13,069 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in ChannelAdvisor Corporation by 172.5% in the first quarter. Goldman Sachs Group Inc. now owns 33,178 shares of the software maker’s stock valued at $370,000 after buying an additional 21,002 shares during the period. Institutional investors and hedge funds own 81.14% of the company’s stock.
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ChannelAdvisor Corporation Company Profile
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.
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