B. Riley set a $18.00 target price on ChannelAdvisor (NYSE:ECOM) in a report released on Friday. The brokerage currently has a buy rating on the software maker’s stock.

Other analysts have also issued reports about the company. ValuEngine raised ChannelAdvisor from a hold rating to a buy rating in a report on Saturday, May 12th. Needham & Company LLC boosted their price objective on ChannelAdvisor from $17.00 to $18.00 and gave the company a buy rating in a report on Friday. First Analysis reissued a buy rating and issued a $13.00 price objective on shares of ChannelAdvisor in a report on Monday, April 23rd. Zacks Investment Research lowered ChannelAdvisor from a buy rating to a hold rating in a report on Wednesday, July 11th. Finally, TheStreet raised ChannelAdvisor from a d+ rating to a c- rating in a report on Wednesday, May 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $15.57.

ChannelAdvisor traded down $0.20, hitting $13.70, during midday trading on Friday, Marketbeat Ratings reports. The stock had a trading volume of 139,691 shares, compared to its average volume of 63,301. The firm has a market cap of $368.67 million, a P/E ratio of -25.85 and a beta of -0.18. ChannelAdvisor has a 12 month low of $8.30 and a 12 month high of $15.63.

ChannelAdvisor (NYSE:ECOM) last announced its quarterly earnings data on Thursday, August 9th. The software maker reported ($0.10) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.10). The firm had revenue of $32.66 million during the quarter, compared to analyst estimates of $31.46 million. ChannelAdvisor had a negative return on equity of 14.23% and a negative net margin of 9.28%. ChannelAdvisor’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.15) earnings per share. equities analysts anticipate that ChannelAdvisor will post -0.4 EPS for the current year.

In other news, Director Janet Raye Cowell sold 2,400 shares of the company’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $14.65, for a total transaction of $35,160.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider M Scot Wingo sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $14.59, for a total value of $729,500.00. Following the transaction, the insider now directly owns 712,052 shares of the company’s stock, valued at $10,388,838.68. The disclosure for this sale can be found here. Insiders have sold 63,400 shares of company stock valued at $924,710 over the last ninety days. Corporate insiders own 7.80% of the company’s stock.

Large investors have recently bought and sold shares of the company. Engineers Gate Manager LP bought a new position in shares of ChannelAdvisor during the second quarter valued at approximately $166,000. Russell Investments Group Ltd. grew its holdings in shares of ChannelAdvisor by 113.5% during the first quarter. Russell Investments Group Ltd. now owns 12,990 shares of the software maker’s stock valued at $118,000 after purchasing an additional 6,905 shares during the last quarter. Strs Ohio bought a new position in shares of ChannelAdvisor during the second quarter valued at approximately $331,000. Rhumbline Advisers grew its holdings in shares of ChannelAdvisor by 40.4% during the second quarter. Rhumbline Advisers now owns 32,176 shares of the software maker’s stock valued at $452,000 after purchasing an additional 9,262 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of ChannelAdvisor by 24.7% during the fourth quarter. Wells Fargo & Company MN now owns 36,421 shares of the software maker’s stock valued at $327,000 after purchasing an additional 7,219 shares during the last quarter. 71.61% of the stock is owned by institutional investors.

About ChannelAdvisor

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps retailers and branded manufacturers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.

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Analyst Recommendations for ChannelAdvisor (NYSE:ECOM)

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