ChannelAdvisor Corporation, together with its subsidiaries, provides software-as-a-service (SaaS) solutions in the United States and internationally. The company's SaaS is a cloud platform that helps brands and retailers to improve their e-commerce operations, expand to new channels, and grow sales. Its suite of solutions includes various platform modules, including Marketplaces module that connects customers to third-party marketplaces, and allows brands and distributors to manage purchase orders, shipment notifications, stock quantities, and invoices for multiple retail dropship partners; Digital Marketing module that creates, manages, and evaluates advertising using a variety of ad formats across multiple channels; Shoppable Media module that allows brands to provide web visitors to purchase using dynamic links to in-stock retail product pages or carts, or with information on where products can be purchased from local retail stores; and Brand Analytics module, which helps brands for e-commerce channels with actionable insights into how products are performing across thousands of retailer websites and marketplaces. Its customers include online businesses of brands and retailers, as well as advertising agencies that use its solutions on behalf of their clients. The company was incorporated in 2001 and is headquartered in Morrisville, North Carolina.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on ECOM shares. B. Riley decreased their target price on ChannelAdvisor from $32.00 to $24.00 in a report on Monday, May 9th. StockNews.com raised ChannelAdvisor from a "hold" rating to a "buy" rating in a report on Friday, July 8th.
ChannelAdvisor Price Performance
Shares of NYSE:ECOM opened at $15.45 on Thursday. The stock's fifty day moving average price is $14.65 and its two-hundred day moving average price is $15.69. ChannelAdvisor has a one year low of $11.89 and a one year high of $29.42. The firm has a market cap of $470.92 million, a price-to-earnings ratio of 11.98 and a beta of 0.76.
ChannelAdvisor (NYSE:ECOM - Get Rating) last released its earnings results on Tuesday, August 9th. The software maker reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.03. The firm had revenue of $42.80 million during the quarter, compared to the consensus estimate of $42.70 million. ChannelAdvisor had a return on equity of 7.03% and a net margin of 23.74%. On average, equities analysts anticipate that ChannelAdvisor will post 0.34 earnings per share for the current fiscal year.
Insider Activity
In other news, Director M Scot Wingo sold 3,250 shares of the company's stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $14.91, for a total transaction of $48,457.50. Following the completion of the sale, the director now directly owns 31,251 shares in the company, valued at approximately $465,952.41. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.20% of the company's stock.