ChannelAdvisor (ECOM) Releases Quarterly Earnings Results, Beats Expectations By $0.13 EPS
ChannelAdvisor (NYSE:ECOM) announced its earnings results on Tuesday. The software maker reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.13, Bloomberg Earnings reports. ChannelAdvisor had a negative net margin of 8.54% and a negative return on equity of 9.48%.
Shares of ChannelAdvisor (ECOM) opened at $9.35 on Wednesday. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.01. ChannelAdvisor has a twelve month low of $8.30 and a twelve month high of $12.65.
Several analysts recently commented on ECOM shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $13.00 target price on shares of ChannelAdvisor in a report on Friday, November 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of ChannelAdvisor in a report on Wednesday, November 1st. DA Davidson raised shares of ChannelAdvisor from a “neutral” rating to a “buy” rating and set a $12.50 target price for the company in a report on Tuesday, February 6th. BidaskClub downgraded shares of ChannelAdvisor from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Finally, ValuEngine downgraded shares of ChannelAdvisor from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. ChannelAdvisor currently has a consensus rating of “Hold” and an average target price of $14.13.
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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