Amber Road (NYSE:AMBR) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Tuesday.
A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Amber Road from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Monday, August 13th. Stifel Nicolaus lifted their target price on Amber Road from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, June 21st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $11.75.
AMBR opened at $8.85 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.69. The firm has a market cap of $247.69 million, a price-to-earnings ratio of -18.83 and a beta of 0.27. Amber Road has a 1 year low of $6.14 and a 1 year high of $10.29.
Amber Road (NYSE:AMBR) last posted its quarterly earnings data on Tuesday, August 7th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The firm had revenue of $21.06 million for the quarter, compared to the consensus estimate of $20.83 million. Amber Road had a negative net margin of 12.71% and a negative return on equity of 38.21%. analysts expect that Amber Road will post -0.4 EPS for the current fiscal year.
In other news, CFO Thomas E. Conway sold 11,262 shares of Amber Road stock in a transaction on Friday, September 7th. The stock was sold at an average price of $9.40, for a total transaction of $105,862.80. Following the sale, the chief financial officer now directly owns 33,400 shares in the company, valued at approximately $313,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thomas E. Conway sold 33,400 shares of Amber Road stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $9.37, for a total value of $312,958.00. Following the sale, the chief financial officer now owns 33,400 shares in the company, valued at $312,958. The disclosure for this sale can be found here. Insiders have sold a total of 92,805 shares of company stock worth $842,631 over the last quarter. Company insiders own 15.10% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Amber Road during the 1st quarter worth $120,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Amber Road during the 2nd quarter worth $157,000. The Manufacturers Life Insurance Company raised its stake in shares of Amber Road by 59.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 17,872 shares of the software maker’s stock worth $160,000 after purchasing an additional 6,643 shares during the period. Spark Investment Management LLC bought a new stake in shares of Amber Road during the 1st quarter worth $198,000. Finally, Citadel Advisors LLC bought a new stake in shares of Amber Road during the 1st quarter worth $208,000. Institutional investors own 67.82% of the company’s stock.
About Amber Road
Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. The company's GTM solutions include modules for logistics contract and rate management; supply chain visibility and event management; international trade compliance; and global knowledge trade content database, supply chain collaboration with overseas factories and vendors, and duty management solutions to importers and exporters, nonvessel owning common carriers (resellers), and ocean carriers.
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