ValuEngine Lowers Amber Road (AMBR) to Sell

ValuEngine downgraded shares of Amber Road (NYSE:AMBR) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

Other equities analysts have also issued research reports about the company. Needham & Company LLC increased their target price on Amber Road from $11.00 to $13.00 and gave the stock a buy rating in a research note on Friday, February 16th. Canaccord Genuity lowered Amber Road from a buy rating to a hold rating and increased their target price for the stock from $9.74 to $10.00 in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Amber Road currently has an average rating of Hold and an average target price of $11.75.

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NYSE:AMBR opened at $8.90 on Wednesday. Amber Road has a 12-month low of $6.14 and a 12-month high of $10.29. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.80. The stock has a market cap of $242.87, a P/E ratio of -18.94 and a beta of 0.35.

Amber Road (NYSE:AMBR) last posted its earnings results on Thursday, February 15th. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.03. Amber Road had a negative return on equity of 48.81% and a negative net margin of 16.41%. The firm had revenue of $20.63 million for the quarter, compared to analyst estimates of $20.51 million. equities analysts forecast that Amber Road will post -0.43 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. Penbrook Management LLC acquired a new stake in Amber Road in the 4th quarter valued at about $597,000. Royce & Associates LP raised its position in Amber Road by 14.7% in the 4th quarter. Royce & Associates LP now owns 1,834,471 shares of the software maker’s stock valued at $13,465,000 after purchasing an additional 234,857 shares in the last quarter. Cortina Asset Management LLC raised its position in Amber Road by 16.3% in the 4th quarter. Cortina Asset Management LLC now owns 848,187 shares of the software maker’s stock valued at $6,226,000 after purchasing an additional 119,004 shares in the last quarter. Bank of Montreal Can raised its position in Amber Road by 13.9% in the 4th quarter. Bank of Montreal Can now owns 646,273 shares of the software maker’s stock valued at $4,744,000 after purchasing an additional 78,624 shares in the last quarter. Finally, Cadence Capital Management LLC raised its position in Amber Road by 58.2% in the 3rd quarter. Cadence Capital Management LLC now owns 113,959 shares of the software maker’s stock valued at $875,000 after purchasing an additional 41,939 shares in the last quarter. 75.28% of the stock is currently owned by institutional investors.

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Amber Road Company Profile

Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. The company's GTM solutions include modules for logistics contract and rate management; supply chain visibility and event management; international trade compliance; and global knowledge trade content database, supply chain collaboration with overseas factories and vendors, and duty management solutions to importers and exporters, nonvessel owning common carriers (resellers), and ocean carriers.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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