B. Riley set a $31.00 target price on ChannelAdvisor (NYSE:ECOM) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the software maker’s stock.

ECOM has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of ChannelAdvisor from a buy rating to a hold rating in a research note on Wednesday, July 11th. ValuEngine raised shares of ChannelAdvisor from a hold rating to a buy rating in a research note on Monday, October 8th. Finally, Needham & Company LLC upped their price objective on shares of ChannelAdvisor from $17.00 to $18.00 and gave the company a buy rating in a research note on Friday, August 10th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $17.71.

ECOM stock traded down $0.27 during trading on Tuesday, hitting $11.26. The stock had a trading volume of 137,460 shares, compared to its average volume of 63,867. ChannelAdvisor has a 1-year low of $8.30 and a 1-year high of $15.63. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $316.20 million, a price-to-earnings ratio of -21.25 and a beta of 0.32.

ChannelAdvisor (NYSE:ECOM) last posted its quarterly earnings data on Thursday, November 8th. The software maker reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.06. ChannelAdvisor had a negative net margin of 8.13% and a negative return on equity of 12.48%. The company had revenue of $32.30 million during the quarter, compared to the consensus estimate of $31.64 million. During the same quarter in the prior year, the company posted ($0.15) EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, research analysts predict that ChannelAdvisor will post -0.34 earnings per share for the current year.

In related news, insider M Scot Wingo sold 4,700 shares of the stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of $12.06, for a total transaction of $56,682.00. Following the completion of the sale, the insider now owns 648,971 shares of the company’s stock, valued at approximately $7,826,590.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 60,192 shares of company stock valued at $783,478. Corporate insiders own 7.80% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its holdings in ChannelAdvisor by 113.5% in the 1st quarter. Russell Investments Group Ltd. now owns 12,990 shares of the software maker’s stock worth $118,000 after acquiring an additional 6,905 shares during the period. Trexquant Investment LP purchased a new position in ChannelAdvisor in the 3rd quarter worth approximately $139,000. Globeflex Capital L P purchased a new position in ChannelAdvisor in the 3rd quarter worth approximately $147,000. Engineers Gate Manager LP purchased a new position in ChannelAdvisor in the 2nd quarter worth approximately $166,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in ChannelAdvisor by 51.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 14,645 shares of the software maker’s stock worth $206,000 after acquiring an additional 4,975 shares during the period. 73.28% of the stock is owned by hedge funds and other institutional investors.

ChannelAdvisor Company Profile

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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