ChannelAdvisor Co. (NYSE:ECOM – Get Rating) has been given a consensus rating of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $23.05.
A number of equities research analysts have recently commented on the company. B. Riley cut ChannelAdvisor from a “buy” rating to a “neutral” rating and set a $23.10 target price on the stock. in a research note on Wednesday, September 7th. DA Davidson cut shares of ChannelAdvisor from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 7th. Robert W. Baird raised their price target on shares of ChannelAdvisor from $17.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 7th. StockNews.com downgraded ChannelAdvisor from a “buy” rating to a “hold” rating in a research note on Saturday, October 15th. Finally, Needham & Company LLC downgraded ChannelAdvisor from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th.
Insiders Place Their Bets
In related news, Director M Scot Wingo sold 3,250 shares of the company’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $22.79, for a total transaction of $74,067.50. Following the completion of the sale, the director now directly owns 24,751 shares in the company, valued at approximately $564,075.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.60% of the company’s stock.
Institutional Trading of ChannelAdvisor
ChannelAdvisor Trading Up 0.0 %
Shares of ChannelAdvisor stock opened at $23.09 on Monday. The firm has a market capitalization of $667.67 million, a P/E ratio of 19.57 and a beta of 0.39. The business’s fifty day simple moving average is $22.90 and its 200 day simple moving average is $17.67. ChannelAdvisor has a 12 month low of $11.89 and a 12 month high of $27.69.
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.
- Get a free copy of the StockNews.com research report on ChannelAdvisor (ECOM)
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