How Analysts Feel About ChannelAdvisor Corporation (ECOM) After Today’s Significant Increase?

ChannelAdvisor Corporation (NYSE:ECOM) Logo

Investors sentiment decreased to 1.32 in 2019 Q2. Its down 0.47, from 1.79 in 2019Q1. It dived, as 13 investors sold ChannelAdvisor Corporation shares while 24 reduced holdings. 17 funds opened positions while 32 raised stakes. 25.04 million shares or 11.37% more from 22.49 million shares in 2019Q1 were reported.
Marshall Wace Llp reported 68,765 shares. Royal Fincl Bank Of Canada holds 6 shares. Moreover, M&T Retail Bank has 0% invested in ChannelAdvisor Corporation (NYSE:ECOM) for 10,422 shares. Citigroup Incorporated holds 0% or 8,343 shares. 12,956 are owned by Prudential Fin. Arrowmark Colorado Hldgs Lc, Colorado-based fund reported 3.50M shares. Bank Of Ny Mellon stated it has 0% in ChannelAdvisor Corporation (NYSE:ECOM). Millennium Mgmt Limited Company accumulated 2.42M shares or 0% of the stock. Disciplined Growth Mn has 0.11% invested in ChannelAdvisor Corporation (NYSE:ECOM) for 701,345 shares. Moreover, Aperio Grp Inc Ltd Limited Liability Company has 0% invested in ChannelAdvisor Corporation (NYSE:ECOM) for 346 shares. Shapiro Mgmt Ltd Llc stated it has 4.16M shares or 0% of all its holdings. Aqr Capital Mgmt Lc has invested 0% in ChannelAdvisor Corporation (NYSE:ECOM). Acadian Asset Management Ltd has 0.01% invested in ChannelAdvisor Corporation (NYSE:ECOM). Dimensional Fund Advisors L P holds 0% or 316,976 shares. Metropolitan Life Ins New York reported 8,859 shares stake.

The stock of ChannelAdvisor Corporation (NYSE:ECOM) is a huge mover today! The stock increased 3.97% or $0.38 during the last trading session, reaching $9.95. About 105,520 shares traded or 12.98% up from the average. ChannelAdvisor Corporation (NYSE:ECOM) has declined 34.55% since September 13, 2018 and is downtrending. It has underperformed by 34.55% the S&P500.
The move comes after 8 months positive chart setup for the $279.03 million company. It was reported on Sep, 13 by Barchart.com. We have $10.45 PT which if reached, will make NYSE:ECOM worth $13.95M more.

Analysts await ChannelAdvisor Corporation (NYSE:ECOM) to report earnings on November, 14. They expect $0.02 earnings per share, up 125.00 % or $0.10 from last year’s $-0.08 per share. ECOM’s profit will be $560,854 for 124.38 P/E if the $0.02 EPS becomes a reality. After $-0.05 actual earnings per share reported by ChannelAdvisor Corporation for the previous quarter, Wall Street now forecasts -140.00 % EPS growth.

More notable recent ChannelAdvisor Corporation (NYSE:ECOM) news were published by: Nasdaq.com which released: “ChannelAdvisor to Present at the DA Davidson 18th Annual Technology Conference – Nasdaq” on August 28, 2019, also Seekingalpha.com with their article: “ChannelAdvisor Corporation 2019 Q2 – Results – Earnings Call Slides – Seeking Alpha” published on August 08, 2019, Globenewswire.com published: “UPS & ChannelAdvisor Simplify Global Shipping And E-Commerce For Small And Medium-Sized Businesses – GlobeNewswire” on August 21, 2019. More interesting news about ChannelAdvisor Corporation (NYSE:ECOM) were released by: Bizjournals.com and their article: “US-China trade war hits home with layoffs at ChannelAdvisor – Triangle Business Journal” published on August 08, 2019 as well as Finance.Yahoo.com‘s news article titled: “These Factors Make ChannelAdvisor Corporation (NYSE:ECOM) An Interesting Investment – Yahoo Finance” with publication date: August 22, 2019.

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. The company has market cap of $279.03 million. The Company’s e-commerce cloud platform helps retailers and branded manufacturers to improve their online performance by expanding sales channels, connecting with clients around the world, optimizing their activities for peak performance, and providing actionable analytics to improve competitiveness. It currently has negative earnings. The Company’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.

ChannelAdvisor Corporation (NYSE:ECOM) Institutional Positions Chart

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