Amber Road (AMBR) Receives Coverage Optimism Rating of 0.08
News stories about Amber Road (NYSE:AMBR) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Amber Road earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 45.7914515792513 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several equities research analysts have weighed in on AMBR shares. Ladenburg Thalmann Financial Services restated a “buy” rating and set a $15.00 price target on shares of Amber Road in a report on Monday, June 12th. Needham & Company LLC restated a “buy” rating and set a $11.00 price target on shares of Amber Road in a report on Monday, June 5th. Zacks Investment Research upgraded Amber Road from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a report on Wednesday, August 9th. Finally, ValuEngine downgraded Amber Road from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $11.50.
Shares of Amber Road (NYSE:AMBR) opened at 7.69 on Tuesday. Amber Road has a one year low of $6.71 and a one year high of $12.30. The stock’s market cap is $208.85 million. The firm’s 50-day moving average price is $7.87 and its 200 day moving average price is $7.92.
Amber Road (NYSE:AMBR) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.04. Amber Road had a negative return on equity of 53.03% and a negative net margin of 22.59%. The company had revenue of $19.70 million for the quarter, compared to analyst estimates of $19.84 million. During the same period last year, the company posted ($0.11) earnings per share. The firm’s revenue was up 8.8% compared to the same quarter last year. Equities research analysts expect that Amber Road will post ($0.37) EPS for the current fiscal year.
In other Amber Road news, CFO Thomas E. Conway sold 4,843 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $7.46, for a total value of $36,128.78. Following the transaction, the chief financial officer now directly owns 4,843 shares of the company’s stock, valued at $36,128.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Albert C. Cooke III sold 7,581 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $7.90, for a total value of $59,889.90. Following the completion of the transaction, the vice president now directly owns 8,425 shares in the company, valued at $66,557.50. The disclosure for this sale can be found here. Insiders sold 82,424 shares of company stock worth $633,622 over the last three months. 13.10% of the stock is currently owned by corporate insiders.
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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