Zacks Investment Research downgraded shares of Amber Road (NYSE:AMBR) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

According to Zacks, “Amber Road, Inc. operates as a provider of on-demand Global Trade Management solutions. It offers import and export, global logistics, and trade agreement management solutions worldwide. The Company’s solutions include Enterprise-Class Software, Trade Content, Supply Chain Network, Flexible Technology and SaaS Delivery. It offers its solution to enterprises in various industries, including chemical/pharmaceutical, high technology/electronics, industrial/manufacturing, logistics, oil and gas, and retail/apparel through a software-as-a-service model. Amber Road, Inc. is headquartered in East Rutherford, New Jersey. “

Separately, ValuEngine downgraded shares of Amber Road from a buy rating to a hold rating in a research report on Wednesday, March 6th.

NYSE:AMBR opened at $8.50 on Thursday. The stock has a market capitalization of $238.71 million, a PE ratio of -17.35 and a beta of 0.47. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.65. Amber Road has a 1-year low of $7.60 and a 1-year high of $10.41.

Amber Road (NYSE:AMBR) last released its earnings results on Monday, February 11th. The software maker reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.05). The business had revenue of $21.88 million during the quarter, compared to analysts’ expectations of $21.47 million. Amber Road had a negative return on equity of 36.12% and a negative net margin of 12.46%. On average, analysts forecast that Amber Road will post -0.34 EPS for the current fiscal year.

In related news, CFO Thomas E. Conway sold 19,986 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $8.71, for a total transaction of $174,078.06. Following the sale, the chief financial officer now directly owns 58,334 shares of the company’s stock, valued at approximately $508,089.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James W. Preuninger sold 41,560 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $9.51, for a total transaction of $395,235.60. Following the sale, the chief executive officer now directly owns 1,713,929 shares in the company, valued at $16,299,464.79. The disclosure for this sale can be found here. 15.10% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in AMBR. First Interstate Bank purchased a new stake in Amber Road during the 4th quarter valued at about $33,000. Ramsey Quantitative Systems purchased a new stake in Amber Road during the 4th quarter valued at about $93,000. Jane Street Group LLC purchased a new stake in Amber Road during the 3rd quarter valued at about $119,000. State Board of Administration of Florida Retirement System grew its position in Amber Road by 14.2% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 15,351 shares of the software maker’s stock valued at $126,000 after purchasing an additional 1,911 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Amber Road during the 3rd quarter valued at about $148,000. 81.30% of the stock is currently owned by institutional investors.

About Amber Road

Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. 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, supply chain collaboration with overseas factories and vendors, and duty management solutions to importers and exporters, nonvessel owning common carriers (resellers), and ocean carriers.

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