Nationwide Fund Advisors Has $157,000 Stake in ChannelAdvisor Corporation (ECOM)
Nationwide Fund Advisors maintained its stake in ChannelAdvisor Corporation (NYSE:ECOM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,612 shares of the software maker’s stock at the end of the 2nd quarter. Nationwide Fund Advisors owned approximately 0.05% of ChannelAdvisor Corporation worth $157,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Tudor Investment Corp ET AL purchased a new stake in shares of ChannelAdvisor Corporation during the first quarter valued at $120,000. American International Group Inc. grew its holdings in shares of ChannelAdvisor Corporation by 7.1% during the first quarter. American International Group Inc. now owns 14,290 shares of the software maker’s stock valued at $159,000 after buying an additional 946 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in shares of ChannelAdvisor Corporation during the second quarter valued at $193,000. Wells Fargo & Company MN grew its holdings in shares of ChannelAdvisor Corporation by 2.4% during the second quarter. Wells Fargo & Company MN now owns 19,111 shares of the software maker’s stock valued at $220,000 after buying an additional 446 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of ChannelAdvisor Corporation by 8.5% during the second quarter. Rhumbline Advisers now owns 27,908 shares of the software maker’s stock valued at $322,000 after buying an additional 2,195 shares during the last quarter. 80.77% of the stock is currently owned by hedge funds and other institutional investors.
ChannelAdvisor Corporation (NYSE ECOM) opened at $8.55 on Friday. ChannelAdvisor Corporation has a 1 year low of $8.30 and a 1 year high of $15.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.94.
ChannelAdvisor Corporation (NYSE:ECOM) last posted its earnings results on Thursday, November 2nd. The software maker reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.02. The company had revenue of $30.10 million during the quarter, compared to the consensus estimate of $30.08 million. ChannelAdvisor Corporation had a negative net margin of 8.54% and a negative return on equity of 9.48%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.12) earnings per share. equities analysts expect that ChannelAdvisor Corporation will post -0.58 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on ECOM shares. BidaskClub lowered shares of ChannelAdvisor Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Stifel Nicolaus reissued a “buy” rating and set a $13.00 price objective on shares of ChannelAdvisor Corporation in a report on Friday, November 3rd. KeyCorp reissued a “hold” rating on shares of ChannelAdvisor Corporation in a report on Friday, August 25th. Needham & Company LLC reissued a “buy” rating and set a $18.00 price objective on shares of ChannelAdvisor Corporation in a report on Sunday, September 17th. Finally, DA Davidson started coverage on shares of ChannelAdvisor Corporation in a report on Friday, September 22nd. They set a “neutral” rating and a $12.50 price objective on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $14.13.
In other ChannelAdvisor Corporation news, insider M Scot Wingo sold 15,000 shares of the company’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $12.04, for a total value of $180,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph L. Cowan acquired 16,870 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was purchased at an average price of $8.48 per share, with a total value of $143,057.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 30,000 shares of company stock valued at $257,913 and have sold 45,000 shares valued at $512,550. Insiders own 11.30% of the company’s stock.
ChannelAdvisor Corporation Profile
Channeladvisor Corporation is a provider of Software as a service (SaaS) solutions. The Company’s SaaS solutions enable retailer and branded manufacturer customers to integrate, manage and optimize their merchandise sales via hundreds of online channels. The Company’s platform enable its customers to connect with new and existing sources of demand for their products, including e-commerce marketplaces, such as Amazon, eBay, Jet.com, Newegg, Sears and Walmart, search engines and comparison shopping Websites, such as Google, Microsoft’s Bing and Nextag, and social channels, such as Facebook, Instagram and Pinterest.
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