Shares of Amber Road Inc. (NYSE:AMBR) have earned an average rating of “Buy” from the seven brokerages that are presently covering the company. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $10.83.

AMBR has been the topic of several research reports. Zacks Investment Research upgraded shares of Amber Road from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Wednesday, November 9th. Stifel Nicolaus increased their price objective on shares of Amber Road from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Pacific Crest reiterated a “hold” rating on shares of Amber Road in a research note on Friday, August 5th. Raymond James Financial Inc. increased their price objective on shares of Amber Road from $10.50 to $13.00 and gave the stock an “outperform” rating in a research note on Monday, August 15th. Finally, FBR & Co upped their target price on shares of Amber Road from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, August 5th.

In other news, Director Donald R. Caldwell sold 1,450,000 shares of the stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $9.00, for a total value of $13,050,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 32.30% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in Amber Road by 22.8% in the second quarter. Bank of New York Mellon Corp now owns 88,380 shares of the company’s stock valued at $682,000 after buying an additional 16,413 shares in the last quarter. Royce & Associates LP raised its stake in Amber Road by 8.3% in the second quarter. Royce & Associates LP now owns 1,274,667 shares of the company’s stock valued at $9,828,000 after buying an additional 97,717 shares in the last quarter. Vanguard Group Inc. raised its stake in Amber Road by 4.4% in the second quarter. Vanguard Group Inc. now owns 600,026 shares of the company’s stock valued at $4,627,000 after buying an additional 25,105 shares in the last quarter. BlackRock Investment Management LLC raised its stake in Amber Road by 12.1% in the second quarter. BlackRock Investment Management LLC now owns 67,353 shares of the company’s stock valued at $519,000 after buying an additional 7,273 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in 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 in the last quarter. 58.51% of the stock is owned by institutional investors and hedge funds.

Amber Road (NYSE:AMBR) traded up 1.52% during midday trading on Thursday, hitting $10.66. 376,328 shares of the stock were exchanged. Amber Road has a 52 week low of $3.53 and a 52 week high of $11.29. The firm’s 50-day moving average is $9.69 and its 200 day moving average is $8.53. The stock’s market cap is $285.83 million.

Amber Road (NYSE:AMBR) last released its quarterly earnings data on Thursday, November 3rd. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.04. The firm had revenue of $18.90 million for the quarter, compared to analyst estimates of $18.92 million. Amber Road had a negative net margin of 29.32% and a negative return on equity of 50.09%. Amber Road’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.16) earnings per share. Equities research analysts expect that Amber Road will post ($0.44) EPS for the current fiscal year.

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.

5 Day Chart for NYSE:AMBR

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