Brokerages expect Amber Road, Inc. (NYSE:AMBR) to report $20.51 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Amber Road’s earnings. The lowest sales estimate is $20.46 million and the highest is $20.56 million. Amber Road posted sales of $19.21 million in the same quarter last year, which indicates a positive year-over-year growth rate of 6.8%. The firm is scheduled to report its next quarterly earnings results on Thursday, February 15th.

On average, analysts expect that Amber Road will report full year sales of $20.51 million for the current fiscal year, with estimates ranging from $78.91 million to $79.00 million. For the next financial year, analysts anticipate that the business will report sales of $86.77 million per share, with estimates ranging from $86.54 million to $87.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Amber Road.

Amber Road (NYSE:AMBR) last issued its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.06. Amber Road had a negative net margin of 20.19% and a negative return on equity of 53.22%. The firm had revenue of $20.20 million for the quarter, compared to analyst estimates of $20.36 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. The company’s revenue was up 6.9% on a year-over-year basis.

AMBR has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Amber Road from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Needham & Company LLC reissued a “buy” rating and set a $11.00 price objective on shares of Amber Road in a report on Wednesday, November 1st. Finally, Canaccord Genuity decreased their price objective on shares of Amber Road from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $11.25.

In other Amber Road news, CEO James W. Preuninger sold 17,162 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $7.87, for a total transaction of $135,064.94. Following the transaction, the chief executive officer now directly owns 1,877,222 shares in the company, valued at approximately $14,773,737.14. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Albert C. Cooke III sold 4,182 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $7.09, for a total transaction of $29,650.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,025 shares of company stock worth $598,588. Insiders own 13.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Disciplined Growth Investors Inc. MN lifted its position in Amber Road by 51.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 346,175 shares of the software maker’s stock valued at $2,659,000 after purchasing an additional 117,020 shares during the period. Granahan Investment Management Inc. MA lifted its position in Amber Road by 0.9% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 1,574,394 shares of the software maker’s stock valued at $12,091,000 after purchasing an additional 13,348 shares during the period. Whetstone Capital Advisors LLC lifted its position in Amber Road by 6.0% during the 3rd quarter. Whetstone Capital Advisors LLC now owns 680,415 shares of the software maker’s stock valued at $5,226,000 after purchasing an additional 38,687 shares during the period. Royce & Associates LP lifted its position in Amber Road by 0.8% during the 3rd quarter. Royce & Associates LP now owns 1,599,614 shares of the software maker’s stock valued at $12,285,000 after purchasing an additional 13,235 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC lifted its position in Amber Road by 1.5% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,016,607 shares of the software maker’s stock valued at $7,808,000 after purchasing an additional 14,615 shares during the period. Institutional investors own 72.64% of the company’s stock.

Shares of Amber Road (NYSE:AMBR) traded up $0.07 during trading hours on Tuesday, reaching $7.37. 61,300 shares of the company’s stock were exchanged, compared to its average volume of 132,580. Amber Road has a 12-month low of $6.14 and a 12-month high of $11.35. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.64 and a current ratio of 0.64.

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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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