Amber Road Inc. (AMBR) Receives Consensus Rating of “Buy” from Brokerages
Amber Road Inc. (NYSE:AMBR) has earned a consensus rating of “Buy” from the seven research firms that are covering the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $10.80.
Several analysts recently commented on the stock. Pacific Crest reaffirmed a “hold” rating on shares of Amber Road in a report on Friday, August 5th. Zacks Investment Research downgraded shares of Amber Road from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 target price (up previously from $7.00) on shares of Amber Road in a report on Monday, June 20th. FBR & Co lifted their target price 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. Finally, Raymond James Financial Inc. lifted their target price 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.
Shares of Amber Road (NYSE:AMBR) traded down 1.15% on Thursday, reaching $9.43. The company had a trading volume of 83,528 shares. Amber Road has a 52-week low of $3.42 and a 52-week high of $11.29. The stock’s market capitalization is $249.52 million. The company has a 50 day moving average price of $10.04 and a 200 day moving average price of $7.74.
Amber Road (NYSE:AMBR) last announced its earnings results on Thursday, August 4th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.17) by $0.02. The company had revenue of $18.10 million for the quarter, compared to the consensus estimate of $17.77 million. Amber Road had a negative return on equity of 52.48% and a negative net margin of 33.51%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.19) EPS. On average, equities research analysts anticipate that Amber Road will post ($0.51) earnings per share for the current year.
In other news, CEO James W. Preuninger sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $10.30, for a total value of $1,030,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,978,187 shares in the company, valued at approximately $20,375,326.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Donald R. Caldwell sold 1,450,000 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. 32.30% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of AMBR. Teachers Advisors Inc. boosted its position 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. Engineers Gate Manager LP purchased a new position in shares of Amber Road during the second quarter valued at approximately $229,000. Mycio Wealth Partners LLC boosted its position 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. BlackRock Institutional Trust Company N.A. boosted its position in shares of Amber Road by 14.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 154,750 shares of the company’s stock valued at $1,193,000 after buying an additional 19,741 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of Amber Road by 0.3% in the second quarter. BlackRock Fund Advisors now owns 457,828 shares of the company’s stock valued at $3,530,000 after buying an additional 1,530 shares during the last quarter. Institutional investors own 57.42% of the company’s stock.
Amber Road Company Profile
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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