ChannelAdvisor Co. (NYSE:ECOM – Get Rating) – Stock analysts at B. Riley decreased their Q4 2022 earnings per share (EPS) estimates for shares of ChannelAdvisor in a research note issued on Tuesday, November 8th. B. Riley analyst Z. Cummins now anticipates that the software maker will post earnings per share of $0.17 for the quarter, down from their prior forecast of $0.19. B. Riley currently has a “Neutral” rating and a $23.10 price target on the stock. The consensus estimate for ChannelAdvisor’s current full-year earnings is $0.38 per share. B. Riley also issued estimates for ChannelAdvisor’s FY2023 earnings at $0.37 EPS.
ChannelAdvisor (NYSE:ECOM – Get Rating) last issued its earnings results on Tuesday, August 9th. The software maker reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. ChannelAdvisor had a return on equity of 6.86% and a net margin of 21.39%. The company had revenue of $42.80 million for the quarter, compared to analysts’ expectations of $42.70 million.
ChannelAdvisor Price Performance
Shares of ECOM opened at $23.08 on Friday. The business’s fifty day moving average is $22.71 and its 200 day moving average is $17.32. ChannelAdvisor has a 12-month low of $11.89 and a 12-month high of $27.69. The stock has a market cap of $667.38 million, a P/E ratio of 19.56 and a beta of 0.39.
Insider Transactions at ChannelAdvisor
In other news, Director M Scot Wingo sold 3,250 shares of ChannelAdvisor stock in a transaction on Thursday, October 20th. The stock was sold at an average price of $22.99, for a total transaction of $74,717.50. Following the sale, the director now directly owns 21,501 shares in the company, valued at approximately $494,307.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 9,750 shares of company stock worth $198,673 in the last ninety days. Company insiders own 5.20% of the company’s stock.
Institutional Investors Weigh In On ChannelAdvisor
Several large investors have recently added to or reduced their stakes in the company. Gabelli Funds LLC purchased a new stake in ChannelAdvisor in the 3rd quarter worth about $3,559,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in ChannelAdvisor during the 3rd quarter valued at about $2,690,000. Dimensional Fund Advisors LP grew its holdings in ChannelAdvisor by 10.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 801,854 shares of the software maker’s stock valued at $18,169,000 after buying an additional 73,323 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in ChannelAdvisor during the 3rd quarter valued at about $1,058,000. Finally, UBS Group AG grew its holdings in ChannelAdvisor by 1,509.6% during the 3rd quarter. UBS Group AG now owns 46,838 shares of the software maker’s stock valued at $1,061,000 after buying an additional 43,928 shares in the last quarter. Hedge funds and other institutional investors own 94.31% of the company’s stock.
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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