Zacks Investment Research Lowers Amber Road Inc. (AMBR) to Hold
Amber Road Inc. (NYSE:AMBR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “Amber Road, Inc. operates as a provider of on-demand Global Trade Management solutions. It offers import and export, global logistics, and trade agreement management solutions worldwide. The Company’s solutions include Enterprise-Class Software, Trade Content, Supply Chain Network, Flexible Technology and SaaS Delivery. It offers its solution to enterprises in various industries, including chemical/pharmaceutical, high technology/electronics, industrial/manufacturing, logistics, oil and gas, and retail/apparel through a software-as-a-service model. Amber Road, Inc. is headquartered in East Rutherford, New Jersey. “
Several other brokerages have also recently weighed in on AMBR. Pacific Crest reaffirmed a “hold” rating on shares of Amber Road in a report on Friday, August 5th. Raymond James Financial Inc. raised their price objective on shares of Amber Road from $10.50 to $13.00 and gave the stock an “outperform” rating in a report on Monday, August 15th. FBR & Co raised their price objective on shares of Amber Road from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. Stifel Nicolaus raised their price objective on shares of Amber Road from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $11.00 price objective (up previously from $7.00) on shares of Amber Road in a report on Monday, June 20th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $10.83.
Amber Road (NYSE:AMBR) traded up 0.10% during mid-day trading on Tuesday, hitting $9.76. 104,723 shares of the stock traded hands. Amber Road has a 12-month low of $3.42 and a 12-month high of $11.29. The stock’s market cap is $258.25 million. The company has a 50 day moving average of $10.23 and a 200-day moving average of $7.55.
Amber Road (NYSE:AMBR) last issued its earnings results on Thursday, August 4th. The company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. The firm earned $18.10 million during the quarter, compared to analyst estimates of $17.77 million. Amber Road had a negative net margin of 33.51% and a negative return on equity of 52.48%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business earned ($0.19) EPS. Equities research analysts forecast that Amber Road will post ($0.51) earnings per share for the current year.
In other Amber Road news, Director Donald R. Caldwell sold 1,450,000 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $9.00, for a total transaction of $13,050,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Albert C. Cooke III sold 20,080 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $10.50, for a total transaction of $210,840.00. Following the sale, the vice president now owns 31,914 shares in the company, valued at $335,097. The disclosure for this sale can be found here. 32.30% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the company. Mycio Wealth Partners LLC raised its stake in shares of Amber Road by 17.3% in the second quarter. Mycio Wealth Partners LLC now owns 21,718 shares of the company’s stock valued at $167,000 after buying an additional 3,200 shares during the last quarter. Teachers Advisors Inc. raised its stake in shares of Amber Road by 0.6% in the second quarter. Teachers Advisors Inc. now owns 24,950 shares of the company’s stock valued at $192,000 after buying an additional 153 shares during the last quarter. Levin Capital Strategies L.P. raised its stake in shares of Amber Road by 25.0% in the second quarter. Levin Capital Strategies L.P. now owns 25,000 shares of the company’s stock valued at $193,000 after buying an additional 5,000 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Amber Road during the second quarter valued at approximately $229,000. Finally, Geode Capital Management LLC raised its stake in shares of Amber Road by 22.6% in the first quarter. Geode Capital Management LLC now owns 64,648 shares of the company’s stock valued at $349,000 after buying an additional 11,904 shares during the last quarter. Institutional investors own 57.42% of the company’s stock.
About Amber Road
Amber Road, Inc is a provider of cloud-based global trade management (GTM) solutions. The Company’s GTM solutions include modules for logistics contract and rate management, supply chain visibility and event management, international trade compliance, and Global Knowledge trade content database to importers and exporters, non-vessel owning common carriers (resellers), and ocean carriers.
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