ChannelAdvisor Co. (NYSE:ECOM) Expected to Post Earnings of $0.15 Per Share

Brokerages expect ChannelAdvisor Co. (NYSE:ECOMGet Rating) to post $0.15 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for ChannelAdvisor’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.16. ChannelAdvisor reported earnings per share of $0.26 in the same quarter last year, which would suggest a negative year-over-year growth rate of 42.3%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that ChannelAdvisor will report full year earnings of $0.77 per share for the current year. For the next year, analysts anticipate that the business will post earnings of $0.94 per share, with EPS estimates ranging from $0.86 to $1.01. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for ChannelAdvisor.

Several brokerages have issued reports on ECOM. Needham & Company LLC cut their price objective on shares of ChannelAdvisor from $35.00 to $26.00 in a research report on Friday, February 11th. Zacks Investment Research upgraded shares of ChannelAdvisor from a “sell” rating to a “hold” rating in a research report on Tuesday, April 12th. downgraded shares of ChannelAdvisor from a “buy” rating to a “hold” rating in a research report on Thursday. TheStreet cut shares of ChannelAdvisor from a “b” rating to a “c+” rating in a report on Friday, March 11th. Finally, B. Riley lowered their target price on shares of ChannelAdvisor from $32.00 to $24.00 in a report on Monday, May 9th.

ECOM stock traded up $0.53 during mid-day trading on Friday, hitting $13.88. 183,507 shares of the company were exchanged, compared to its average volume of 229,222. The business has a 50 day simple moving average of $14.65 and a 200-day simple moving average of $19.29. The stock has a market capitalization of $423.01 million, a PE ratio of 10.06 and a beta of 0.88. ChannelAdvisor has a 1-year low of $11.89 and a 1-year high of $29.42.

In other ChannelAdvisor news, Director Timothy V. Williams sold 3,320 shares of the business’s stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $18.13, for a total transaction of $60,191.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.20% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in ECOM. Covestor Ltd acquired a new position in shares of ChannelAdvisor during the fourth quarter valued at about $43,000. Parallel Advisors LLC bought a new stake in ChannelAdvisor in the 1st quarter worth about $51,000. Point72 Hong Kong Ltd grew its position in ChannelAdvisor by 56.2% in the 3rd quarter. Point72 Hong Kong Ltd now owns 2,232 shares of the software maker’s stock worth $56,000 after purchasing an additional 803 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in ChannelAdvisor in the first quarter valued at about $60,000. Finally, Lazard Asset Management LLC boosted its stake in ChannelAdvisor by 16.4% in the fourth quarter. Lazard Asset Management LLC now owns 3,385 shares of the software maker’s stock valued at $83,000 after acquiring an additional 477 shares during the last quarter. Institutional investors and hedge funds own 86.08% of the company’s stock.

About ChannelAdvisor (Get Rating)

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.

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