Media coverage about ChannelAdvisor (NYSE:ECOM) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ChannelAdvisor earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the software maker an impact score of 46.2689539800276 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of ChannelAdvisor (ECOM) traded down $0.10 during midday trading on Wednesday, hitting $9.60. The company had a trading volume of 19,317 shares, compared to its average volume of 71,159. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $254.08, a price-to-earnings ratio of -15.40 and a beta of 0.13. ChannelAdvisor has a 12-month low of $8.30 and a 12-month high of $12.65.
Several equities research analysts have recently issued reports on the company. Needham & Company LLC reduced their target price on ChannelAdvisor from $18.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, February 14th. Stifel Nicolaus reissued a “buy” rating and set a $12.00 price objective (down from $13.00) on shares of ChannelAdvisor in a research note on Wednesday, February 14th. DA Davidson raised ChannelAdvisor from a “neutral” rating to a “buy” rating and set a $12.50 price objective on the stock in a research note on Tuesday, February 6th. ValuEngine cut ChannelAdvisor from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research lowered ChannelAdvisor from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $12.38.
ChannelAdvisor Company Profile
Channeladvisor Corporation is a provider of Software as a service (SaaS) solutions. The Company’s SaaS solutions enable retailer and branded manufacturer customers to integrate, manage and optimize their merchandise sales via hundreds of online channels. The Company’s platform enable its customers 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.
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