ChannelAdvisor (NYSE:ECOM) Buy Rating Reconfirmed Today By First Analysis; The Target is $17.0000

June 13, 2018 - By Ruby Caswell

ChannelAdvisor Corporation (NYSE:ECOM) Logo

Investors sentiment decreased to 0.68 in 2018 Q1. Its down 0.25, from 0.93 in 2017Q4. It turned negative, as 14 investors sold ChannelAdvisor Corporation shares while 26 reduced holdings. 8 funds opened positions while 19 raised stakes. 19.02 million shares or 2.55% less from 19.52 million shares in 2017Q4 were reported.

Metropolitan Life reported 8,859 shares or 0% of all its holdings. Bnp Paribas Arbitrage has 5,462 shares. Jpmorgan Chase & reported 12,085 shares or 0% of all its holdings. Tiaa Cref Mngmt Ltd Liability Com stated it has 0% in ChannelAdvisor Corporation (NYSE:ECOM). Tower Research Cap Llc (Trc) holds 16,590 shares or 0.01% of its portfolio. Us Comml Bank De invested in 9,158 shares. Stone Ridge Asset Management Lc holds 20,472 shares or 0.01% of its portfolio. Point72 Asia (Hong Kong) invested 0% in ChannelAdvisor Corporation (NYSE:ECOM). Cortina Asset Mngmt Ltd Liability reported 542,777 shares. Northern Trust Corp reported 0% of its portfolio in ChannelAdvisor Corporation (NYSE:ECOM). Archon Cap Mgmt Limited Liability Company holds 0.95% or 1.05M shares. Swiss Fincl Bank owns 39,800 shares or 0% of their US portfolio. Envestnet Asset invested in 0% or 256 shares. Citigroup holds 0% or 16,852 shares in its portfolio. Credit Suisse Ag has 0% invested in ChannelAdvisor Corporation (NYSE:ECOM).

Since February 16, 2018, it had 1 buy, and 3 sales for $1.08 million activity. Shares for $35,160 were sold by Cowell Janet Raye. Another trade for 5,500 shares valued at $48,785 was made by Cook Mark on Friday, February 16.

ChannelAdvisor (NYSE:ECOM) Rating Reaffirmed

The financial firm has just set a PT of $17.0000 on ChannelAdvisor (NYSE:ECOM) shares. This is 15.65 % from the previous stock close. In a note shared with investors on 13 June, First Analysis restate their Buy rating on shares of ECOM.

ChannelAdvisor Corporation (NYSE:ECOM) Ratings Coverage

Among 6 analysts covering ChannelAdvisor (NYSE:ECOM), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. ChannelAdvisor has $1700 highest and $9.0 lowest target. $12.80’s average target is -12.93% below currents $14.7 stock price. ChannelAdvisor had 8 analyst reports since December 19, 2017 according to SRatingsIntel. The stock of ChannelAdvisor Corporation (NYSE:ECOM) earned “Neutral” rating by Dougherty & Company on Tuesday, December 19. The firm earned “Buy” rating on Tuesday, February 6 by DA Davidson. The company was maintained on Friday, May 11 by Needham. The stock has “Hold” rating by Robert W. Baird on Wednesday, February 14. The stock has “Buy” rating by DA Davidson on Monday, April 23. Stifel Nicolaus maintained the shares of ECOM in report on Wednesday, February 14 with “Buy” rating. First Analysis maintained the shares of ECOM in report on Monday, April 23 with “Buy” rating. The rating was maintained by Needham on Wednesday, February 14 with “Buy”.

The stock increased 0.34% or $0.05 during the last trading session, reaching $14.7. About 15,050 shares traded. ChannelAdvisor Corporation (NYSE:ECOM) has risen 26.09% since June 13, 2017 and is uptrending. It has outperformed by 13.52% the S&P500.

Analysts await ChannelAdvisor Corporation (NYSE:ECOM) to report earnings on August, 2. They expect $-0.19 EPS, down 26.67 % or $0.04 from last year’s $-0.15 per share. After $-0.12 actual EPS reported by ChannelAdvisor Corporation for the previous quarter, Wall Street now forecasts 58.33 % negative EPS growth.

ChannelAdvisor Corporation provides software-as-a-service solutions worldwide. The company has market cap of $398.49 million. The Company’s solutions enable its retailer and branded maker clients to integrate, manage, and optimize their merchandise sales on various online channels. It currently has negative earnings. The companyÂ’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 important recent ChannelAdvisor Corporation (NYSE:ECOM) news were published by: Prnewswire.com which released: “ChannelAdvisor to Showcase E-Commerce Solutions at 2018 Internet Retailer Conference & Exhibition” on June 05, 2018, also Globenewswire.com published article titled: “ChannelAdvisor to Present at the Stifel Cross Sector Insight Conference”, Globenewswire.com published: “Recent Analysis Shows ChannelAdvisor, Brookline, Canadian Natural Resources, Suncor Energy, Gerdau SA, and …” on June 08, 2018. More interesting news about ChannelAdvisor Corporation (NYSE:ECOM) was released by: Prnewswire.com and their article: “ChannelAdvisor Joins Amazon Marketplace Developer Council” with publication date: June 11, 2018.

ChannelAdvisor Corporation (NYSE:ECOM) Institutional Positions Chart

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