News headlines about ChannelAdvisor Corporation (NYSE:ECOM) have trended positive on Friday, Alpha One Sentiment reports. The research group, a service of Accern, identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ChannelAdvisor Corporation earned a news impact score of 0.27 on Alpha One’s scale. Alpha One also gave headlines about the software maker an impact score of 86 out of 100, meaning that recent press coverage is very likely to have an effect on the stock’s share price in the near term.
Shares of ChannelAdvisor Corporation (NYSE ECOM) traded down 1.28% during trading on Friday, hitting $11.60. The stock had a trading volume of 110,154 shares. The company’s market cap is $305.43 million. The firm’s 50 day moving average is $11.73 and its 200 day moving average is $12.48. ChannelAdvisor Corporation has a 1-year low of $10.20 and a 1-year high of $15.91.
A number of equities analysts have commented on ECOM shares. First Analysis lowered ChannelAdvisor Corporation from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, May 9th. William Blair restated a “market perform” rating on shares of ChannelAdvisor Corporation in a research note on Thursday, May 4th. Zacks Investment Research lowered ChannelAdvisor Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 12th. ValuEngine upgraded ChannelAdvisor Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, May 18th. Finally, TheStreet lowered ChannelAdvisor Corporation from a “c-” rating to a “d+” rating in a research note on Monday, June 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. ChannelAdvisor Corporation presently has an average rating of “Hold” and a consensus target price of $15.50.
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In other news, insider M Scot Wingo sold 15,000 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $11.31, for a total transaction of $169,650.00. Following the completion of the sale, the insider now directly owns 882,896 shares in the company, valued at $9,985,553.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 11.30% of the company’s stock.
ChannelAdvisor Corporation 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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