What’s ChannelAdvisor Corp (ECOM) Upside After Today’s Big Increase?

September 17, 2017 - By Henry Gaston

Investors sentiment decreased to 1.17 in Q4 2016. Its down 0.33, from 1.5 in 2016Q3. It worsened, 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.
Illinois-based Chicago Equity Prtn Ltd has invested 0.04% in ChannelAdvisor Corp (NYSE:ECOM). 10,500 are held by Bessemer. Natl Bank Of America De reported 0% of its portfolio in ChannelAdvisor Corp (NYSE:ECOM). Wealthtrust holds 0% or 328 shares. Goldman Sachs stated it has 0% of its portfolio in ChannelAdvisor Corp (NYSE:ECOM). 14,407 are owned by Nationwide Fund Advsr. Blackrock Inc holds 0% or 2,137 shares in its portfolio. Parkside Bancorporation & Tru accumulated 1,802 shares. 91,029 are held by Schwab Charles Invest Mngmt. Royal Bank Of Canada invested in 13,027 shares. Millennium Mngmt Limited stated it has 112,012 shares. Evercore Wealth Management Limited Liability owns 4,300 shares. Los Angeles Capital Management & Equity Research has 14,115 shares. Swiss National Bank invested in 39,800 shares. Blackrock Fund Advsr accumulated 744,415 shares.

Since May 17, 2017, it had 0 buys, and 1 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.

Wall Street await ChannelAdvisor Corp (NYSE:ECOM) to release earnings on November, 2. Analysts forecast EPS of $-0.18, down exactly $0.08 or 80.00 % from 2014’s $-0.1 EPS. After posting $-0.15 EPS for the previous quarter, ChannelAdvisor Corp’s analysts now forecast 20.00 % negative EPS growth.

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. The firm has “Buy” rating by First Analysis given on Thursday, August 31. The company was maintained on Thursday, August 3 by Stifel Nicolaus. The rating was maintained by KeyBanc Capital Markets with “Hold” on Wednesday, August 23. The firm earned “Buy” rating on Friday, September 23 by Needham. The stock has “Buy” rating by Stifel Nicolaus on Friday, November 6. On Tuesday, May 9 the stock rating was downgraded by First Analysis to “Equal-Weight”. The firm has “Hold” rating given on Monday, September 11 by Robert W. Baird.

More notable recent ChannelAdvisor Corp (NYSE:ECOM) news were published by: Seekingalpha.com which released: “ChannelAdvisor Acquires HubLogix Commerce For Online Fulfillment Tech” on May 31, 2017, also Bizjournals.com with their article: “ChannelAdvisor to expand global operations, again” published on August 04, 2017, Seekingalpha.com published: “ChannelAdvisor: Shifting Business Model Creates A Buying Opportunity” on November 18, 2016. More interesting news about ChannelAdvisor Corp (NYSE:ECOM) were released by: Finance.Yahoo.com and their article: “ChannelAdvisor Announces New Strategic Partnership with eBay” published on April 25, 2017 as well as Bizjournals.com‘s news article titled: “ChannelAdvisor acquires Boston technology firm” with publication date: May 31, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.