Zacks Investment Research Downgrades Amber Road (AMBR) to Sell
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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Amber Road Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amber Road and related companies with MarketBeat.com's FREE daily email newsletter.