The stock of ChannelAdvisor Corp (NYSE:ECOM) is a huge mover today! The stock increased 5.12% or $0.63 during the last trading session, hitting $12.93. About 162,306 shares traded hands or 46.72% up from the average. ChannelAdvisor Corp (NYSE:ECOM) has risen 12.84% since February 26, 2016 and is uptrending. It has outperformed by 2.42% the S&P500.
The move comes after 8 months positive chart setup for the $329.31 million company. It was reported on Oct, 1 by Barchart.com. We have $25.47 PT which if reached, will make NYSE:ECOM worth $319.43 million more.
Analysts await ChannelAdvisor Corp (NYSE:ECOM) to report earnings on November, 3. They expect $-0.24 earnings per share, down 26.32% or $0.05 from last year’s $-0.19 per share. After $-0.26 actual earnings per share reported by ChannelAdvisor Corp for the previous quarter, Wall Street now forecasts -7.69% EPS growth.
ChannelAdvisor Corp (NYSE:ECOM) Ratings Coverage
Out of 3 analysts covering ChannelAdvisor (NYSE:ECOM), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. ChannelAdvisor has been the topic of 4 analyst reports since November 6, 2015 according to StockzIntelligence Inc. Stifel Nicolaus upgraded ChannelAdvisor Corp (NYSE:ECOM) on Friday, November 6 to “Buy” rating. The firm earned “Buy” rating on Friday, September 23 by Needham.
According to Zacks Investment Research, “Channel Advisor Corporation offers cloud-based e-commerce solutions and services. It solutions include marketplaces, comparison shopping, paid search, social campaigns, flex feeds, web stores and rich media. The company serves traditional retailers, online retailers, brand manufacturers and advertising agencies. Channel Advisor Corporation is headquartered in Morrisville, North Carolina.”
Insitutional Activity: The institutional sentiment increased to 2.04 in Q2 2016. Its up 0.94, from 1.1 in 2016Q1. The ratio improved, as 9 funds sold all ChannelAdvisor Corp shares owned while 18 reduced positions. 10 funds bought stakes while 45 increased positions. They now own 21.41 million shares or 0.13% more from 21.38 million shares in 2016Q1.
Envestnet Asset Mgmt holds 32,511 shares or 0% of its portfolio. Northern Tru Corp has 501,231 shares for 0% of their US portfolio. Carroll Financial Associates owns 234 shares or 0% of their US portfolio. Emerald Advisers Pa has 0.49% invested in the company for 699,887 shares. Vanguard Group accumulated 1.23 million shares or 0% of the stock. Schwab Charles Investment Management holds 68,685 shares or 0% of its portfolio. California Pub Employees Retirement Systems owns 46,400 shares or 0% of their US portfolio. Connor Clark And Lunn holds 0.01% of its portfolio in ChannelAdvisor Corp (NYSE:ECOM) for 53,775 shares. Spark holds 0.05% of its portfolio in ChannelAdvisor Corp (NYSE:ECOM) for 35,100 shares. The New York-based Metropolitan Life Insur Ny has invested 0% in ChannelAdvisor Corp (NYSE:ECOM). Geode Management Ltd Liability Com last reported 156,045 shares in the company. Goldman Sachs Gp Inc holds 0% of its portfolio in ChannelAdvisor Corp (NYSE:ECOM) for 17,428 shares. Federated Investors Inc Pa last reported 0.04% of its portfolio in the stock. Aqr Capital Mgmt Ltd Limited Liability Company last reported 19,478 shares in the company. Emerald Mutual Fund Advisers reported 560,020 shares or 0.46% of all its holdings.
Insider Transactions: Since May 23, 2016, the stock had 2 insider buys, and 2 sales for $1.20 million net activity. The insider Cook Mark bought $122,600. Another trade for 60,000 shares valued at $720,900 was made by WINGO M SCOT on Monday, May 23. 10,000 shares were bought by Spitz David J, worth $127,700 on Wednesday, August 24.
More recent ChannelAdvisor Corp (NYSE:ECOM) news were published by: Marketwatch.com which released: “Virtual Stock Exchange” on May 23, 2013. Also Quotes.Wsj.com published the news titled: “ChannelAdvisor Corp. ECOM (US: NYSE)” on May 18, 2013. Reuters.com‘s news article titled: “Wal-Mart ties with ChannelAdvisor to boost online assortment” with publication date: April 12, 2016 was also an interesting one.
ECOM Company Profile
ChannelAdvisor Corporation, incorporated on June 18, 2001, is a well-known provider of software as a service (SaaS) solutions. The Company’s SaaS solutions enable its retailer and maker clients to integrate and manage their merchandise sales across various online channels. Through its platform, the Company enables its clients to connect with various sources of demand for their products, including e-commerce marketplaces, such as Amazon, eBay, Jet.com, Newegg and Sears, search engines and comparison shopping Websites, such as Google, Microsoft’s Bing and Nextag, and other channels, such as Facebook and Pinterest. The Company’s suite of solutions provides its clients with an integrated user interface to manage their product listings, inventory availability, pricing optimization, search terms, data analytics and other functions across the channels. The firm also offers solutions that allow branded manufacturers to send their Web visitors directly to authorized resellers and to gain insight into consumer behavior.
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