Los Angeles Capital Management & Equity Research Inc. Lowers Position in ChannelAdvisor Corp (ECOM)

Los Angeles Capital Management & Equity Research Inc. lowered its stake in shares of ChannelAdvisor Corp (NYSE:ECOM) by 74.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,004 shares of the software maker’s stock after selling 29,580 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in ChannelAdvisor were worth $122,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in ChannelAdvisor by 0.6% during the third quarter. BlackRock Inc. now owns 1,705,886 shares of the software maker’s stock worth $21,238,000 after buying an additional 9,334 shares during the period. Vanguard Group Inc lifted its holdings in ChannelAdvisor by 3.5% during the third quarter. Vanguard Group Inc now owns 1,206,443 shares of the software maker’s stock worth $15,019,000 after buying an additional 40,794 shares during the period. Vanguard Group Inc. lifted its holdings in ChannelAdvisor by 3.5% during the third quarter. Vanguard Group Inc. now owns 1,206,443 shares of the software maker’s stock worth $15,019,000 after buying an additional 40,794 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in ChannelAdvisor by 2.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 626,356 shares of the software maker’s stock worth $7,109,000 after buying an additional 15,759 shares during the period. Finally, Cannell Capital LLC lifted its holdings in ChannelAdvisor by 1,760.7% during the fourth quarter. Cannell Capital LLC now owns 625,156 shares of the software maker’s stock worth $7,096,000 after buying an additional 591,559 shares during the period. Institutional investors own 80.32% of the company’s stock.

Shares of ECOM opened at $9.95 on Friday. ChannelAdvisor Corp has a 12 month low of $9.01 and a 12 month high of $15.63. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92.

ChannelAdvisor (NYSE:ECOM) last released its earnings results on Thursday, May 9th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.17. ChannelAdvisor had a negative return on equity of 7.02% and a negative net margin of 5.16%. The firm had revenue of $31.57 million for the quarter, compared to the consensus estimate of $31.79 million. During the same period in the prior year, the firm earned ($0.02) EPS. The firm’s revenue was up .4% on a year-over-year basis. As a group, equities analysts expect that ChannelAdvisor Corp will post -0.1 EPS for the current year.

In related news, Chairman M Scot Wingo sold 15,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $12.34, for a total value of $185,100.00. Following the transaction, the chairman now directly owns 585,331 shares of the company’s stock, valued at approximately $7,222,984.54. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.10% of the stock is owned by corporate insiders.

Several brokerages have recently commented on ECOM. Zacks Investment Research upgraded ChannelAdvisor from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $12.00 price objective (down previously from $18.00) on shares of ChannelAdvisor in a report on Friday, May 10th. First Analysis lowered ChannelAdvisor from a “strong-buy” rating to an “outperform” rating and set a $10.02 price objective for the company. in a report on Friday, May 10th. Finally, ValuEngine lowered ChannelAdvisor from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. ChannelAdvisor presently has an average rating of “Buy” and an average target price of $16.01.

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About ChannelAdvisor

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps brands and retailers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.

Further Reading: Fundamental Analysis – How It Helps Investors

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Institutional Ownership by Quarter for ChannelAdvisor (NYSE:ECOM)

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