ChannelAdvisor Corporation (ECOM) on Focus After Raising In Today’s Session

ChannelAdvisor Corporation (NYSE:ECOM) Logo

Investors sentiment decreased to 1.32 in 2019 Q2. Its down 0.47, from 1.79 in 2019Q1. It dropped, 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.
Strs Ohio, a Ohio-based fund reported 52,800 shares. 15,067 were accumulated by Ajo L P. The Massachusetts-based Grantham Mayo Van Otterloo & Limited Liability Com has invested 0% in ChannelAdvisor Corporation (NYSE:ECOM). Marshall Wace Llp has 68,765 shares for 0% of their portfolio. Indexiq Advisors Ltd Liability Co holds 0.03% in ChannelAdvisor Corporation (NYSE:ECOM) or 104,165 shares. Globeflex Cap Limited Partnership stated it has 0.02% of its portfolio in ChannelAdvisor Corporation (NYSE:ECOM). Tiverton Asset Management Lc invested in 0% or 7,248 shares. Altai Cap Mgmt L P owns 2.70 million shares or 17.77% of their US portfolio. Bnp Paribas Arbitrage holds 3,107 shares. Needham Mgmt Ltd Liability reported 0.27% in ChannelAdvisor Corporation (NYSE:ECOM). Stone Ridge Asset Ltd Limited Liability Company invested in 0.01% or 26,156 shares. Charles Schwab Mgmt holds 0% in ChannelAdvisor Corporation (NYSE:ECOM) or 207,217 shares. American International Grp holds 16,976 shares. 328,872 were reported by Northern Trust Corporation. Parametric Port Ltd Limited Liability Company owns 89,703 shares.

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: Finance.Yahoo.com which released: “These Factors Make ChannelAdvisor Corporation (NYSE:ECOM) An Interesting Investment – Yahoo Finance” on August 22, 2019, also Finance.Yahoo.com with their article: “Here’s What Hedge Funds Think About Eagle Bulk Shipping Inc. (EGLE) – Yahoo Finance” published on June 28, 2019, Globenewswire.com published: “ChannelAdvisor Announces CFO Transition NYSE:ECOM – GlobeNewswire” on May 09, 2019. More interesting news about ChannelAdvisor Corporation (NYSE:ECOM) were released by: Nasdaq.com and their article: “ChannelAdvisor to Present at the DA Davidson 18th Annual Technology Conference – Nasdaq” published on August 28, 2019 as well as Globenewswire.com‘s news article titled: “ChannelAdvisor Reports Second Quarter 2019 Results; Adjusted EBITDA Significantly Exceeds Guidance – GlobeNewswire” with publication date: August 08, 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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