In a report released today, Matthew Pfau from William Blair maintained a Buy rating on ChannelAdvisor (ECOM – Research Report). The company’s shares closed last Friday at $28.26, close to its 52-week high of $28.94.
According to TipRanks.com, Pfau is a 4-star analyst with an average return of 17.6% and a 71.4% success rate. Pfau covers the Technology sector, focusing on stocks such as The Descartes Systems Group, BigCommerce Holdings, and Manhattan Associates.
Currently, the analyst consensus on ChannelAdvisor is a Moderate Buy with an average price target of $30.50.
ChannelAdvisor’s market cap is currently $804.6M and has a P/E ratio of 41.70. The company has a Price to Book ratio of 7.18.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ECOM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
ChannelAdvisor Corp. provides software as a service solution that enables the retailer and branded manufacturer customers to integrate, manage and optimize their merchandise sales across hundreds of online channels. Its customers utilize platform to connect with new and existing sources of demand for their products through channels such as Amazon, eBay, Facebook, Google and Walmart. The firm also offers solutions that allow brands to send their web visitors or digital marketing audiences directly to authorize resellers and to gain insight into consumer behaviour. The company was founded by M. Scot Wingo and Aris Antanas Buinevicius in June 2001 and is headquartered in Morrisville, NC.