ValuEngine Downgrades Amber Road (AMBR) to Hold

Share on StockTwits

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.

Featured Article: Should you buy a closed-end mutual fund?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Amber Road Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amber Road and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply