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A statement released earlier today by Needham & Company LLC about ChannelAdvisor Corp (NYSE:ECOM) bumps the target price to $16.00

Reporting as potential upside of 0.27%, Needham & Company LLC increased the stock price target of ChannelAdvisor Corp (NYSE:ECOM) to $16.00

Previously on 9/16/2016, Zacks Investment Research reported about ChannelAdvisor Corp (NYSE:ECOM) raised the target price from $0.00 to $14.00. At the time, this indicated a possible upside of 0.16%.

Yesterday ChannelAdvisor Corp (NYSE:ECOM) traded -0.32% lower at $12.56. The company’s 50-day moving average is $12.49 and its 200-day moving average is $12.94. The last stock close price is down -3.26% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 153,344 shares of the stock were exchanged, up from an average trading volume of 117,286

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ChannelAdvisor Corp (NYSE:ECOM)

ChannelAdvisor Corp has a 52 week low of $8.71 and a 52 week high of $15.91 The company’s market cap is currently $0.

About ChannelAdvisor Corp (NYSE:ECOM)

ChannelAdvisor Corporation is a provider of software as a service (SaaS) solutions. The Company's SaaS solutions enable its retailer and manufacturer customers to integrate and manage their merchandise sales across various online channels. Through its platform, the Company enables its customers to connect with various sources of demand for their products, including e-commerce marketplaces, such as Amazon, eBay, Jet.com, Newegg and Sears, search engines and comparison shopping Websites, such as Google, Microsoft's Bing and Nextag, and other channels, such as Facebook and Pinterest. The Company's suite of solutions provides its customers with an integrated user interface to manage their product listings, inventory availability, pricing optimization, search terms, data analytics and other functions across the channels. The company also offers solutions that allow branded manufacturers to send their Web visitors directly to authorized resellers and to gain insight into consumer behavior.

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