Will New Ratings Coverage by B.Riley FBR Help ChannelAdvisor (NYSE:ECOM) Stock This Week?

June 27, 2018 - By reb123z

ChannelAdvisor Corporation (NYSE:ECOM) Logo

Investors sentiment decreased to 0.68 in Q1 2018. Its down 0.25, from 0.93 in 2017Q4. It turned negative, as 14 investors sold ChannelAdvisor Corporation shares while 26 reduced holdings. 8 funds opened positions while 19 raised stakes. 19.02 million shares or 2.55% less from 19.52 million shares in 2017Q4 were reported.

Tiaa Cref Invest Ltd has invested 0% of its portfolio in ChannelAdvisor Corporation (NYSE:ECOM). Shapiro Cap Mgmt Lc owns 4.06 million shares for 0% of their portfolio. Pdts Ptnrs Llc has 27,731 shares for 0.01% of their portfolio. D E Shaw Com owns 518,233 shares. Millennium Mngmt Ltd Limited Liability Company has 107,134 shares. Federated Invsts Pa reported 0% in ChannelAdvisor Corporation (NYSE:ECOM). Prelude Cap Ltd Limited Liability Company reported 0% stake. Schwab Charles Invest Mgmt owns 102,636 shares. Wells Fargo And Mn owns 36,834 shares for 0% of their portfolio. Alliancebernstein Lp invested in 16,750 shares or 0% of the stock. Geode Management Ltd Co reported 195,432 shares stake. Stone Ridge Asset Mgmt Llc owns 20,472 shares or 0.01% of their US portfolio. Arrowmark Colorado Hldgs Llc has 0.39% invested in ChannelAdvisor Corporation (NYSE:ECOM). Deutsche Bankshares Ag holds 0% or 28,536 shares in its portfolio. 313,626 are owned by Northern.

Since February 16, 2018, it had 1 buy, and 4 selling transactions for $1.24 million activity. 5,500 shares were bought by Cook Mark, worth $48,785. WINGO M SCOT sold $729,500 worth of stock. Cornetta Richard had sold 11,000 shares worth $160,013 on Monday, June 11.

Why Has B.Riley FBR Given ChannelAdvisor (NYSE:ECOM) a $17.5000 Price Target

In analysts note issued to clients today, B.Riley FBR analysts began ChannelAdvisor (NYSE:ECOM) coverage with Buy rating, and a $17.5000 target price.

ChannelAdvisor Corporation (NYSE:ECOM) Ratings Coverage

Among 6 analysts covering ChannelAdvisor (NYSE:ECOM), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. ChannelAdvisor has $17.5 highest and $9.0 lowest target. $14.25’s average target is -1.89% below currents $14.5248 stock price. ChannelAdvisor had 9 analyst reports since February 6, 2018 according to SRatingsIntel. The stock of ChannelAdvisor Corporation (NYSE:ECOM) has “Buy” rating given on Tuesday, February 6 by DA Davidson. Stifel Nicolaus maintained the shares of ECOM in report on Wednesday, February 14 with “Buy” rating. DA Davidson maintained the shares of ECOM in report on Monday, April 23 with “Buy” rating. The company was maintained on Friday, May 11 by Needham. Needham maintained ChannelAdvisor Corporation (NYSE:ECOM) on Wednesday, February 14 with “Buy” rating. First Analysis maintained the stock with “Buy” rating in Monday, April 23 report. Robert W. Baird maintained the shares of ECOM in report on Wednesday, February 14 with “Hold” rating. The stock has “Buy” rating by First Analysis on Wednesday, June 13.

The stock increased 0.17% or $0.0248 during the last trading session, reaching $14.5248. About 767 shares traded. ChannelAdvisor Corporation (NYSE:ECOM) has risen 26.09% since June 27, 2017 and is uptrending. It has outperformed by 13.52% the S&P500.

Analysts await ChannelAdvisor Corporation (NYSE:ECOM) to report earnings on August, 2. They expect $-0.19 EPS, down 26.67 % or $0.04 from last year’s $-0.15 per share. After $-0.12 actual EPS reported by ChannelAdvisor Corporation for the previous quarter, Wall Street now forecasts 58.33 % negative EPS growth.

ChannelAdvisor Corporation provides software-as-a-service solutions worldwide. The company has market cap of $393.74 million. The Company’s solutions enable its retailer and branded maker clients to integrate, manage, and optimize their merchandise sales on various online channels. It currently has negative earnings. The companyÂ’s suite of solutions include various modules, including Marketplaces module that connects clients to third-party marketplaces; and Digital Marketing module, which connects clients to compare shopping Websites that allow clients to advertise products on search engines.

More recent ChannelAdvisor Corporation (NYSE:ECOM) news were published by: Prnewswire.com which released: “ChannelAdvisor Joins Amazon Marketplace Developer Council” on June 11, 2018. Also Globenewswire.com published the news titled: “Recent Analysis Shows ChannelAdvisor, Brookline, Canadian Natural Resources, Suncor Energy, Gerdau SA, and …” on June 08, 2018. Globenewswire.com‘s news article titled: “ChannelAdvisor to Present at the Stifel Cross Sector Insight Conference” with publication date: June 05, 2018 was also an interesting one.

ChannelAdvisor Corporation (NYSE:ECOM) Institutional Positions Chart

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