ChannelAdvisor (ECOM) Announces Earnings Results, Beats Estimates By $0.17 EPS

ChannelAdvisor (NYSE:ECOM) announced its earnings results on Wednesday. The software maker reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.17, MarketWatch Earnings reports. The business had revenue of $34.79 million for the quarter, compared to analyst estimates of $34.70 million. ChannelAdvisor had a negative net margin of 6.64% and a negative return on equity of 10.13%. ChannelAdvisor’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 earnings per share. ChannelAdvisor updated its Q1 2019 guidance to EPS and its FY 2019 guidance to EPS.

Shares of NYSE ECOM opened at $11.84 on Thursday. The stock has a market cap of $302.75 million, a P/E ratio of -22.34 and a beta of 0.07. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.93 and a current ratio of 1.93. ChannelAdvisor has a 12-month low of $8.45 and a 12-month high of $15.63.

In other ChannelAdvisor news, insider M Scot Wingo sold 3,600 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $10.64, for a total transaction of $38,304.00. Following the transaction, the insider now directly owns 644,607 shares in the company, valued at approximately $6,858,618.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 7.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in ChannelAdvisor by 0.6% during the 3rd quarter. BlackRock Inc. now owns 1,705,886 shares of the software maker’s stock valued at $21,238,000 after purchasing an additional 9,334 shares during the period. Vanguard Group Inc. lifted its position in ChannelAdvisor by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,206,443 shares of the software maker’s stock valued at $15,019,000 after purchasing an additional 40,794 shares during the period. Vanguard Group Inc lifted its position in ChannelAdvisor by 3.5% during the 3rd quarter. Vanguard Group Inc now owns 1,206,443 shares of the software maker’s stock valued at $15,019,000 after purchasing an additional 40,794 shares during the period. Cannell Capital LLC raised its position in shares of ChannelAdvisor by 1,760.7% in the 4th quarter. Cannell Capital LLC now owns 625,156 shares of the software maker’s stock valued at $7,096,000 after acquiring an additional 591,559 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of ChannelAdvisor by 42.3% in the 3rd quarter. Renaissance Technologies LLC now owns 375,659 shares of the software maker’s stock valued at $4,677,000 after acquiring an additional 111,659 shares during the period. Institutional investors own 75.49% of the company’s stock.

Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of ChannelAdvisor from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Wednesday, January 23rd. B. Riley set a $31.00 price target on shares of ChannelAdvisor and gave the company a “buy” rating in a report on Tuesday, November 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $17.29.

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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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Earnings History for ChannelAdvisor (NYSE:ECOM)

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