Needham & Company LLC Lowers Amber Road (AMBR) to Hold

Amber Road (NYSE:AMBR) was downgraded by stock analysts at Needham & Company LLC from a “buy” rating to a “hold” rating in a research report issued on Tuesday, The Fly reports.

A number of other equities analysts have also commented on AMBR. ValuEngine raised Amber Road from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research lowered Amber Road from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Finally, Stifel Nicolaus lowered Amber Road from a “buy” rating to a “hold” rating in a research note on Monday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.00.

NYSE:AMBR opened at $12.95 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.65 and a quick ratio of 0.65. Amber Road has a 12-month low of $7.60 and a 12-month high of $13.02. The stock has a market cap of $271.92 million, a P/E ratio of -26.43 and a beta of 0.46.

Amber Road (NYSE:AMBR) last announced its quarterly earnings results on Thursday, May 9th. The software maker reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. Amber Road had a negative return on equity of 32.87% and a negative net margin of 12.49%. The company had revenue of $21.10 million during the quarter, compared to analyst estimates of $20.62 million. During the same period in the prior year, the company earned ($0.04) earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. As a group, research analysts anticipate that Amber Road will post -0.34 EPS for the current year.

In related news, CFO Thomas E. Conway sold 19,986 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $8.71, for a total transaction of $174,078.06. Following the completion of the transaction, the chief financial officer now directly owns 58,334 shares of the company’s stock, valued at $508,089.14. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO James W. Preuninger sold 41,560 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $9.51, for a total value of $395,235.60. Following the transaction, the chief executive officer now directly owns 1,713,929 shares of the company’s stock, valued at $16,299,464.79. The disclosure for this sale can be found here. 15.10% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. First Interstate Bank bought a new stake in shares of Amber Road in the 4th quarter valued at approximately $33,000. BNP Paribas Arbitrage SA lifted its stake in shares of Amber Road by 61,587.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,935 shares of the software maker’s stock worth $43,000 after acquiring an additional 4,927 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Amber Road during the 1st quarter worth approximately $89,000. Ramsey Quantitative Systems bought a new stake in shares of Amber Road during the 4th quarter worth approximately $93,000. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Amber Road by 10.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 12,008 shares of the software maker’s stock worth $104,000 after acquiring an additional 1,184 shares during the last quarter. 79.86% of the stock is owned by institutional investors and hedge funds.

Amber Road Company Profile

Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. The company's GTM solutions include modules, such as import management, export management, China trade management, global logistics management, trade agreement management, and supply chain collaboration, as well as professional services, such as assessment, implementation, education and training, and maintenance and support.

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