ChannelAdvisor Corp (ECOM) Stock Is Rising Now

September 17, 2017 - By Stephen Andrade

Investors sentiment decreased to 1.17 in 2016 Q4. Its down 0.33, from 1.5 in 2016Q3. It dropped, as 7 investors sold ChannelAdvisor Corp shares while 34 reduced holdings. 17 funds opened positions while 31 raised stakes. 21.40 million shares or 0.59% less from 21.53 million shares in 2016Q3 were reported.
California State Teachers Retirement Sys holds 47,764 shares or 0% of its portfolio. Fifth Third Bank & Trust holds 0% or 1,427 shares. Huntington Retail Bank holds 0% of its portfolio in ChannelAdvisor Corp (NYSE:ECOM) for 2,040 shares. State Street owns 0% invested in ChannelAdvisor Corp (NYSE:ECOM) for 368,330 shares. Bnp Paribas Arbitrage Sa invested in 0% or 576 shares. Northern Tru Corporation stated it has 365,601 shares. Blackrock Management reported 89,900 shares or 0% of all its holdings. California-based California Public Employees Retirement System has invested 0% in ChannelAdvisor Corp (NYSE:ECOM). Financial Architects Inc holds 0% of its portfolio in ChannelAdvisor Corp (NYSE:ECOM) for 200 shares. Millrace Asset Grp invested in 1.79% or 114,450 shares. Retail Bank Of Ny Mellon has invested 0% of its portfolio in ChannelAdvisor Corp (NYSE:ECOM). Glenmede Tru Na owns 2,376 shares. Nationwide Fund Advsr holds 14,407 shares or 0% of its portfolio. Vanguard Grp Inc, a Pennsylvania-based fund reported 1.33M shares. Fmr Limited Liability Corp, a Massachusetts-based fund reported 45,800 shares.

Since May 17, 2017, it had 0 buys, and 1 insider sale for $169,650 activity.

The stock of ChannelAdvisor Corp (NYSE:ECOM) is a huge mover today! The stock increased 5.96% or $0.65 on September 15, reaching $11.55. About 239,336 shares traded or 237.00% up from the average. ChannelAdvisor Corp (NYSE:ECOM) has declined 1.12% since September 17, 2016 and is downtrending. It has underperformed by 17.82% the S&P500.
The move comes after 9 months positive chart setup for the $305.28M company. It was reported on Sep, 17 by Barchart.com. We have $12.13 PT which if reached, will make NYSE:ECOM worth $15.26M more.

Investors wait ChannelAdvisor Corp (NYSE:ECOM) to report on November, 2. its quarterly earnings Wall Street analysts expect $-0.18 earnings per share, down $0.08 or 80.00 % from last year’s $-0.1 same quarter earnings. ChannelAdvisor Corp’s Wall Street analysts see 20.00 % negative EPS growth, taking into account the $-0.15 EPS reproted in the previous quarter,

ChannelAdvisor Corp (NYSE:ECOM) Ratings Coverage

Among 5 analysts covering ChannelAdvisor (NYSE:ECOM), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. ChannelAdvisor had 9 analyst reports since November 6, 2015 according to SRatingsIntel. Stifel Nicolaus upgraded ChannelAdvisor Corp (NYSE:ECOM) on Friday, November 6 to “Buy” rating. First Analysis upgraded ChannelAdvisor Corp (NYSE:ECOM) on Thursday, August 31 to “Buy” rating. KeyBanc Capital Markets maintained the shares of ECOM in report on Wednesday, August 23 with “Hold” rating. The rating was maintained by Robert W. Baird with “Hold” on Monday, September 11. The company was initiated on Friday, September 23 by Needham. As per Tuesday, May 9, the company rating was downgraded by First Analysis. The firm earned “Buy” rating on Thursday, August 3 by Stifel Nicolaus.

More notable recent ChannelAdvisor Corp (NYSE:ECOM) news were published by: Seekingalpha.com which released: “ChannelAdvisor: Shifting Business Model Creates A Buying Opportunity” on November 18, 2016, also Finance.Yahoo.com with their article: “ChannelAdvisor Announces New Strategic Partnership with eBay” published on April 25, 2017, Seekingalpha.com published: “ChannelAdvisor’s (ECOM) CEO David Spitz on Q4 2016 Results – Earnings Call …” on February 10, 2017. More interesting news about ChannelAdvisor Corp (NYSE:ECOM) were released by: Seekingalpha.com and their article: “ChannelAdvisor Acquires HubLogix Commerce For Online Fulfillment Tech” published on May 31, 2017 as well as Seekingalpha.com‘s news article titled: “ChannelAdvisor’s (ECOM) CEO David Spitz on Q1 2017 Results – Earnings Call …” with publication date: May 05, 2017.

Channeladvisor Corporation is a provider of Software as a service solutions. The company has market cap of $305.28 million. The Company’s SaaS solutions enable retailer and branded maker clients to integrate, manage and optimize their merchandise sales via hundreds of online channels. It currently has negative earnings. The Company’s platform enable its clients to connect with new and existing sources of demand for their products, including e-commerce marketplaces, such as Amazon, eBay, Jet.com, Newegg, Sears and Walmart, search engines and comparison shopping Websites, such as Google, Microsoft’s Bing and Nextag, and social channels, such as Facebook, Instagram and Pinterest.

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