BTIG Research assumed coverage on shares of ChannelAdvisor Corp. (NYSE:ECOM) in a research report report published on Wednesday morning. The brokerage issued a neutral rating on the stock.

A number of other analysts have also recently commented on ECOM. Pacific Crest reaffirmed a hold rating on shares of ChannelAdvisor Corp. in a research report on Friday, August 5th. Zacks Investment Research raised ChannelAdvisor Corp. from a hold rating to a buy rating and set a $15.00 price target for the company in a research report on Thursday, August 11th. Finally, Needham & Company LLC initiated coverage on ChannelAdvisor Corp. in a research report on Friday, September 23rd. They set a buy rating and a $16.00 price target for the company. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $15.33.

ChannelAdvisor Corp. (NYSE:ECOM) traded up 1.81% during trading on Wednesday, hitting $14.10. The stock had a trading volume of 32,401 shares. The stock’s market cap is $363.55 million. The stock has a 50 day moving average price of $12.10 and a 200-day moving average price of $13.07. ChannelAdvisor Corp. has a 12 month low of $10.28 and a 12 month high of $15.91.

In related news, insider M Scot Wingo sold 60,000 shares of ChannelAdvisor Corp. stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $12.19, for a total value of $731,400.00. Following the completion of the transaction, the insider now owns 1,030,505 shares in the company, valued at approximately $12,561,855.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David J. Spitz purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was acquired at an average price of $12.77 per share, with a total value of $127,700.00. Following the purchase, the insider now owns 446,341 shares in the company, valued at $5,699,774.57. The disclosure for this purchase can be found here. Company insiders own 11.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in ECOM. A.R.T. Advisors LLC raised its position in shares of ChannelAdvisor Corp. by 12.5% in the first quarter. A.R.T. Advisors LLC now owns 68,209 shares of the company’s stock valued at $767,000 after buying an additional 7,600 shares in the last quarter. Mizuho Securities USA Inc. purchased a new stake in ChannelAdvisor Corp. during the second quarter valued at approximately $145,000. Emerald Mutual Fund Advisers Trust raised its stake in ChannelAdvisor Corp. by 3.6% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 560,020 shares of the company’s stock valued at $8,115,000 after buying an additional 19,586 shares during the period. Bank of New York Mellon Corp raised its stake in ChannelAdvisor Corp. by 4.2% in the second quarter. Bank of New York Mellon Corp now owns 131,433 shares of the company’s stock valued at $1,903,000 after buying an additional 5,278 shares during the period. Finally, California State Teachers Retirement System raised its stake in ChannelAdvisor Corp. by 5.9% in the second quarter. California State Teachers Retirement System now owns 48,664 shares of the company’s stock valued at $705,000 after buying an additional 2,720 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

ChannelAdvisor Corp. Company Profile

ChannelAdvisor Corporation is a provider of software as a service (SaaS) solutions. The Company’s SaaS solutions enable its retailer and manufacturer customers to integrate and manage their merchandise sales across various online channels. Through its platform, the Company enables its customers to connect with various sources of demand for their products, including e-commerce marketplaces, such as Amazon, eBay, Jet.com, Newegg and Sears, search engines and comparison shopping Websites, such as Google, Microsoft’s Bing and Nextag, and other channels, such as Facebook and Pinterest.

5 Day Chart for NYSE:ECOM

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