ChannelAdvisor (ECOM) Announces Earnings Results, Beats Expectations By $0.17 EPS

ChannelAdvisor (NYSE:ECOM) posted its earnings results on Thursday. The software maker reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.17, MarketWatch Earnings reports. The firm had revenue of $31.57 million during the quarter, compared to the consensus estimate of $31.79 million. ChannelAdvisor had a negative net margin of 5.16% and a negative return on equity of 7.06%. The company’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) EPS. ChannelAdvisor updated its FY 2019 guidance to EPS and its Q2 2019 guidance to EPS.

NYSE ECOM traded down $0.39 on Friday, reaching $9.63. The company had a trading volume of 167,740 shares, compared to its average volume of 109,802. The stock has a market cap of $267.71 million, a PE ratio of -37.04 and a beta of 0.08. ChannelAdvisor has a 1 year low of $9.01 and a 1 year high of $15.63. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.02.

In other ChannelAdvisor news, insider M Scot Wingo sold 5,442 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $12.02, for a total value of $65,412.84. Following the completion of the transaction, the insider now owns 583,831 shares in the company, valued at approximately $7,017,648.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 72,025 shares of company stock valued at $901,009. 8.10% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ECOM. Quantamental Technologies LLC purchased a new position in ChannelAdvisor in the 4th quarter worth approximately $35,000. Legal & General Group Plc boosted its holdings in ChannelAdvisor by 44.9% in the 4th quarter. Legal & General Group Plc now owns 5,349 shares of the software maker’s stock worth $61,000 after acquiring an additional 1,658 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in ChannelAdvisor by 77,442.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,428 shares of the software maker’s stock worth $66,000 after acquiring an additional 5,421 shares during the period. Metropolitan Life Insurance Co. NY boosted its holdings in ChannelAdvisor by 404.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,859 shares of the software maker’s stock worth $101,000 after acquiring an additional 7,102 shares during the period. Finally, Alambic Investment Management L.P. purchased a new position in ChannelAdvisor in the 4th quarter worth approximately $209,000. Hedge funds and other institutional investors own 80.10% of the company’s stock.

A number of analysts recently issued reports on ECOM shares. Zacks Investment Research downgraded shares of ChannelAdvisor from a “buy” rating to a “hold” rating in a research report on Monday, January 14th. ValuEngine raised shares of ChannelAdvisor from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th. First Analysis downgraded shares of ChannelAdvisor from a “strong-buy” rating to an “outperform” rating and set a $10.02 target price for the company. in a research report on Friday. Finally, Needham & Company LLC reissued a “buy” rating and set a $12.00 target price (down previously from $18.00) on shares of ChannelAdvisor in a research report on Friday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $16.50.

COPYRIGHT VIOLATION WARNING: “ChannelAdvisor (ECOM) Announces Earnings Results, Beats Expectations By $0.17 EPS” was originally reported by WKRB News and is the sole property of of WKRB News. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.wkrb13.com/2019/05/12/channeladvisor-ecom-announces-earnings-results-beats-expectations-by-0-17-eps.html.

ChannelAdvisor Company Profile

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps brands and retailers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.

Featured Article: Why Invest in Dividend Achievers?

Earnings History for ChannelAdvisor (NYSE:ECOM)

Receive News & Ratings for ChannelAdvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ChannelAdvisor and related companies with MarketBeat.com's FREE daily email newsletter.