ChannelAdvisor’s (ECOM) “Buy” Rating Reaffirmed at Stifel Nicolaus
Stifel Nicolaus restated their buy rating on shares of ChannelAdvisor (NYSE:ECOM) in a research report sent to investors on Wednesday morning, MarketBeat.com reports. The firm currently has a $12.00 target price on the software maker’s stock, down from their previous target price of $13.00.
A number of other equities analysts have also recently issued reports on ECOM. BidaskClub cut ChannelAdvisor from a hold rating to a sell rating in a report on Wednesday, October 25th. Needham & Company LLC reiterated a buy rating and set a $18.00 target price on shares of ChannelAdvisor in a report on Wednesday, November 1st. Dougherty & Co initiated coverage on ChannelAdvisor in a report on Tuesday, December 19th. They set a neutral rating for the company. Zacks Investment Research cut ChannelAdvisor from a hold rating to a sell rating in a report on Wednesday, January 3rd. Finally, ValuEngine cut ChannelAdvisor from a sell rating to a strong sell rating in a report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $12.38.
ChannelAdvisor (NYSE:ECOM) traded down $0.10 during mid-day trading on Wednesday, reaching $8.65. The company’s stock had a trading volume of 34,005 shares, compared to its average volume of 76,134. 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 has a 52-week low of $8.30 and a 52-week high of $12.65.
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ChannelAdvisor Company 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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