Today: The Amber Road Inc. (AMBR) Receives Consensus Rating of “Buy” from Analysts

The Amber Road Inc. (AMBR) Receives Consensus Rating of “Buy” from Analysts

Shares of Amber Road Inc. (NYSE:AMBR) have been assigned a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $10.80.

A number of research analysts have issued reports on the company. Stifel Nicolaus boosted their price target on Amber Road from $10.00 to $12.00 and gave the company a “buy” rating in a report on Friday, August 5th. FBR & Co boosted their price objective on Amber Road from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. Pacific Crest restated a “hold” rating on shares of Amber Road in a research report on Friday, August 5th. Needham & Company LLC restated a “buy” rating and issued a $11.00 price objective (up from $7.00) on shares of Amber Road in a research report on Monday, June 20th. Finally, Zacks Investment Research upgraded Amber Road from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Wednesday, August 10th.

Shares of Amber Road (NYSE:AMBR) opened at 9.34 on Thursday. The firm’s 50-day moving average is $9.89 and its 200-day moving average is $7.85. The stock’s market capitalization is $247.14 million. Amber Road has a one year low of $3.42 and a one year high of $11.29.

Amber Road (NYSE:AMBR) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.02. Amber Road had a negative net margin of 33.51% and a negative return on equity of 52.48%. The company earned $18.10 million during the quarter, compared to analyst estimates of $17.77 million. During the same period in the previous year, the firm posted ($0.19) earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts forecast that Amber Road will post ($0.51) EPS for the current year.

In other Amber Road news, CEO James W. Preuninger sold 100,000 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $10.30, for a total value of $1,030,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,978,187 shares in the company, valued at approximately $20,375,326.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Albert C. Cooke III sold 20,080 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $10.50, for a total value of $210,840.00. Following the completion of the sale, the vice president now owns 31,914 shares of the company’s stock, valued at $335,097. The disclosure for this sale can be found here. Corporate insiders own 32.30% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Teachers Advisors Inc. boosted its stake in shares of Amber Road by 0.6% in the second quarter. Teachers Advisors Inc. now owns 24,950 shares of the company’s stock valued at $192,000 after buying an additional 153 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Amber Road by 0.3% in the second quarter. BlackRock Fund Advisors now owns 457,828 shares of the company’s stock valued at $3,530,000 after buying an additional 1,530 shares during the last quarter. Mycio Wealth Partners LLC boosted its stake in shares of Amber Road by 17.3% in the second quarter. Mycio Wealth Partners LLC now owns 21,718 shares of the company’s stock valued at $167,000 after buying an additional 3,200 shares during the last quarter. Levin Capital Strategies L.P. boosted its stake in shares of Amber Road by 25.0% in the second quarter. Levin Capital Strategies L.P. now owns 25,000 shares of the company’s stock valued at $193,000 after buying an additional 5,000 shares during the last quarter. Finally, BlackRock Investment Management LLC boosted its stake in shares of Amber Road by 12.1% in the second quarter. BlackRock Investment Management LLC now owns 67,353 shares of the company’s stock valued at $519,000 after buying an additional 7,273 shares during the last quarter. Institutional investors own 57.43% of the company’s stock.

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