ValuEngine upgraded shares of Amber Road (NYSE:AMBR) from a sell rating to a hold rating in a report published on Tuesday.
A number of other analysts also recently weighed in on the company. Needham & Company LLC increased their price objective on Amber Road from $11.00 to $13.00 and gave the company a buy rating in a report on Friday, February 16th. Canaccord Genuity downgraded Amber Road from a buy rating to a hold rating and increased their price objective for the company from $9.74 to $10.00 in a report on Friday, February 16th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $11.75.
Amber Road (NYSE:AMBR) opened at $9.89 on Tuesday. Amber Road has a 12 month low of $6.14 and a 12 month high of $10.29. The company has a market capitalization of $262.90, a price-to-earnings ratio of -21.04 and a beta of 0.72. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.81.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Royce & Associates LP increased its holdings in Amber Road by 14.7% in the fourth quarter. Royce & Associates LP now owns 1,834,471 shares of the software maker’s stock valued at $13,465,000 after purchasing an additional 234,857 shares during the period. Granahan Investment Management Inc. MA increased its holdings in Amber Road by 0.9% in the third quarter. Granahan Investment Management Inc. MA now owns 1,574,394 shares of the software maker’s stock valued at $12,091,000 after purchasing an additional 13,348 shares during the period. Oaktop Capital Management II L.P. increased its holdings in Amber Road by 15.7% in the fourth quarter. Oaktop Capital Management II L.P. now owns 1,384,691 shares of the software maker’s stock valued at $10,164,000 after purchasing an additional 187,879 shares during the period. Cramer Rosenthal Mcglynn LLC grew its holdings in Amber Road by 22.6% during the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,246,867 shares of the software maker’s stock worth $9,152,000 after acquiring an additional 230,260 shares during the period. Finally, BlackRock Inc. grew its holdings in Amber Road by 0.9% during the 4th quarter. BlackRock Inc. now owns 1,157,964 shares of the software maker’s stock worth $8,500,000 after acquiring an additional 9,844 shares during the period. Institutional investors and hedge funds own 71.00% of the company’s stock.
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Amber Road Company Profile
Amber Road, Inc is a provider of cloud-based global trade management (GTM) solutions. 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 to importers and exporters, non-vessel owning common carriers (resellers), and ocean carriers.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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