ChannelAdvisor (ECOM) Given Coverage Optimism Score of 0.20

News stories about ChannelAdvisor (NYSE:ECOM) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, 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 press coverage about the software maker an impact score of 46.2689539800276 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of ECOM stock traded up $0.15 during trading on Wednesday, reaching $9.00. 46,129 shares of the company’s stock were exchanged, compared to its average volume of 72,290. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.01. ChannelAdvisor has a 12-month low of $8.30 and a 12-month high of $12.65. The company has a market cap of $236.79, a P/E ratio of -14.29 and a beta of 0.13.

Several analysts recently issued reports on the stock. Needham & Company LLC decreased their price objective on shares of ChannelAdvisor from $18.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, February 14th. ValuEngine downgraded shares of ChannelAdvisor from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Dougherty & Co assumed coverage on shares of ChannelAdvisor in a report on Tuesday, December 19th. They issued a “neutral” rating for the company. DA Davidson raised shares of ChannelAdvisor from a “neutral” rating to a “buy” rating and set a $12.50 price target for the company in a report on Tuesday, February 6th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $12.00 price target (down from $13.00) on shares of ChannelAdvisor in a report on Wednesday, February 14th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.38.

In other news, insider M Scot Wingo sold 40,000 shares of the firm’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $9.15, for a total transaction of $366,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark Cook acquired 5,500 shares of ChannelAdvisor stock in a transaction dated Friday, February 16th. The shares were acquired at an average cost of $8.87 per share, with a total value of $48,785.00. Following the completion of the acquisition, the chief financial officer now directly owns 158,945 shares in the company, valued at approximately $1,409,842.15. The disclosure for this purchase can be found here. 11.30% of the stock is currently owned by company insiders.

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About ChannelAdvisor

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.

Insider Buying and Selling by Quarter for ChannelAdvisor (NYSE:ECOM)

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