Robert W. Baird Sticks to Their Hold Rating for ChannelAdvisor


In a report released today, Colin Sebastian from Robert W. Baird maintained a Hold rating on ChannelAdvisor (NYSE: ECOM). The company’s shares opened today at $14.80, equals to its 52-week high of $14.80.

According to TipRanks.com, Sebastian is a top 25 analyst with an average return of 25.6% and a 78.2% success rate. Sebastian covers the Technology sector, focusing on stocks such as Paypal Holdings, Facebook Inc, and Alphabet Inc.

ChannelAdvisor has an analyst consensus of Moderate Buy, with a price target consensus of $11.50.

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Based on ChannelAdvisor’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $461K. In comparison, last year the company had a GAAP net loss of $8.06 million.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is neutral on the stock.

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ChannelAdvisor Corp. engages in provision of software-as-a-service solutions that enables the retailer and branded manufacturer customers to integrate, manage and optimize their merchandise sales across hundreds of online channels. It operates through the following segments: Marketplaces, Digital Marketing, and Other.

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