ChannelAdvisor (NYSE:ECOM) with $17.5 Target Got Analyzed By B. Riley FBR.

June 27, 2018 - By Anthony Rauscher

ChannelAdvisor Corporation (NYSE:ECOM) Corporate Logo

During Q1 2018 the big money sentiment decreased to 0.68. That’s change of 0.25, from 2017Q4’s 0.93. 14 investors sold all, 26 reduced holdings as ChannelAdvisor Corporation ratio is negative. 19 increased stakes while 8 funds took stakes. Funds hold 19.02 million shares thus 2.55% less from 2017Q4’s 19.52 million shares.

Goldman Sachs Gru has 10,459 shs. Schwab Charles invested 0% of its capital in ChannelAdvisor Corporation (NYSE:ECOM). Metropolitan Life Insurance Commerce Ny has invested 0% in ChannelAdvisor Corporation (NYSE:ECOM). Connor Clark & Lunn Inv Ltd holds 61,021 shs or 0% of its capital. Tiaa Cref Inv Mngmt Ltd Liability Com, New York-based fund reported 127,324 shs. Renaissance Tech Ltd Co holds 213,600 shs or 0% of its capital. State Board Of Administration Of Florida Retirement holds 26,186 shs or 0% of its capital. Pdts Partners Lc owns 27,731 shs. Needham Invest Ltd Llc has 45,000 shs. Spark Invest Ltd Liability Corporation has 0.08% invested in ChannelAdvisor Corporation (NYSE:ECOM). 28,536 are held by Deutsche Bank & Trust Ag. Envestnet Asset Management stated it has 256 shs. Cortina Asset Mngmt Limited Liability holds 0.24% of its capital in ChannelAdvisor Corporation (NYSE:ECOM) for 542,777 shs. Ameritas Invest Partners invested in 0% or 1,855 shs. D E Shaw Inc holds 0.01% or 518,233 shs in its capital.

ChannelAdvisor Corporation had 4 sales and 1 insider purchase since February 16, 2018. This’s net activity of $1.24 million. 2,400 shs were sold by Cowell Janet Raye, worth $35,160 on Wednesday, May 16. Another trade for 11,000 shs valued at $160,013 was made by Cornetta Richard on Monday, June 11. On Friday, February 16 a trade for 5,500 shs valued at $48,785 was made by Cook Mark.

What Price Target Has B. Riley FBR Given ChannelAdvisor (NYSE:ECOM)

New York: On Tuesday morning, ChannelAdvisor (NYSE:ECOM) coverage was initiated with a “Buy” rating and $17.5 target at B. Riley FBR. That’s upside potential of 21.95 % from company’s close price.

ChannelAdvisor Corporation (NYSE:ECOM) Ratings Coverage

In total 6 analysts cover ChannelAdvisor (NYSE:ECOM). “Buy” rating has 5, “Sell” are 0, while 1 are “Hold”. (NYSE:ECOM) has 83% bullish analysts. 9 are the (NYSE:ECOM)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. On Wednesday, February 14 the firm earned “Buy” rating by Needham. In Friday, May 11 report Needham maintained the stock with “Buy” rating. The company rating was maintained by Robert W. Baird on Wednesday, February 14. On Wednesday, June 13 the firm earned “Buy” rating by First Analysis. On Monday, April 23 the firm has “Buy” rating by DA Davidson given. The company rating was maintained by First Analysis on Monday, April 23. On Tuesday, February 6 the rating was upgraded by DA Davidson to “Buy”. In Wednesday, February 14 report Stifel Nicolaus maintained it with “Buy” rating and $12.0 target.

The stock decreased 1.03% or $0.15 during the last trading session, reaching $14.35.Currently ChannelAdvisor Corporation is uptrending after 26.09% change in last June 27, 2017. ECOM has also 11,503 shares volume. ECOM outperformed the S&P500 by 13.52%.

ChannelAdvisor Corporation (NYSE:ECOM) is expected to reveal earnings on August, 2., as reported by Faxor. Last year’s EPS was $-0.15, while now analysts expect change of 26.67 % down from current $-0.19 EPS. Wall Street now sees 58.33 % negative EPS growth despite ChannelAdvisor Corporation previous quarter’s EPS of $-0.12.

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally.The firm is valued at $389.00 million. The Company’s e-commerce cloud platform helps retailers and branded manufacturers to improve their online performance by expanding sales channels, connecting with clients around the world, optimizing their activities for peak performance, and providing actionable analytics to improve competitiveness.Last it reported negative earnings. The Company’s suite of solutions include various modules, including Marketplaces module that connects clients to third-party marketplaces; and Digital Marketing module, which connects clients to compare shopping Websites that allow clients to advertise products on search engines.

More recent ChannelAdvisor Corporation (NYSE:ECOM) news were released by Globenewswire.com, Prnewswire.com and Globenewswire.com. The first one has “Recent Analysis Shows ChannelAdvisor, Brookline, Canadian Natural Resources, Suncor Energy, Gerdau SA, and …” as a title and was released on June 08, 2018. The next is “ChannelAdvisor Joins Amazon Marketplace Developer Council” on June 11, 2018. And last was released on June 05, 2018, called “ChannelAdvisor to Present at the Stifel Cross Sector Insight Conference”.

ChannelAdvisor Corporation (NYSE:ECOM) Institutional Investors Chart

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