Amber Road Sentiment Increases on Better Stock Potential

April 20, 2018 - By Adrian Mccoy

Amber Road, Inc. (NYSE:AMBR) Logo

Sentiment for Amber Road (NYSE:AMBR)

Amber Road (NYSE:AMBR) institutional sentiment increased to 1.61 in 2017 Q4. Its up 0.01, from 1.6 in 2017Q3. The ratio is positive, as 45 hedge funds increased or started new equity positions, while 28 cut down and sold holdings in Amber Road. The hedge funds in our partner’s database now hold: 20.06 million shares, up from 19.59 million shares in 2017Q3. Also, the number of hedge funds holding Amber Road in their top 10 equity positions increased from 1 to 2 for an increase of 1. Sold All: 6 Reduced: 22 Increased: 28 New Position: 17.

Amber Road, Inc. provides cloud-based global trade management solutions in the United States and internationally. The company has market cap of $234.97 million. The companyÂ’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. It currently has negative earnings. It provides its solution to various industries, including chemical/pharmaceutical, high technology/electronics, industrial/manufacturing, logistics, gas and oil, and retail/apparel through a software-as-a-service model.

The stock increased 1.18% or $0.1 during the last trading session, reaching $8.6. About 31,958 shares traded. Amber Road, Inc. (NYSE:AMBR) has risen 11.79% since April 20, 2017 and is uptrending. It has outperformed by 0.24% the S&P500.

Analysts await Amber Road, Inc. (NYSE:AMBR) to report earnings on May, 10 after the close. They expect $-0.13 EPS, up 18.75 % or $0.03 from last year’s $-0.16 per share. After $-0.07 actual EPS reported by Amber Road, Inc. for the previous quarter, Wall Street now forecasts 85.71 % negative EPS growth.

Gagnon Advisors Llc holds 3.56% of its portfolio in Amber Road, Inc. for 662,366 shares. Gagnon Securities Llc owns 1.30 million shares or 3.39% of their US portfolio. Moreover, Needham Investment Management Llc has 2.18% invested in the company for 1.11 million shares. The United Kingdom-based Herald Investment Management Ltd has invested 2.1% in the stock. Whetstone Capital Advisors Llc, a Kansas-based fund reported 629,652 shares.

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $14,620 activity.

Amber Road, Inc. (NYSE:AMBR) Ratings Coverage

Ratings analysis reveals 67% of Amber Road’s analysts are positive. Out of 3 Wall Street analysts rating Amber Road, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $10 while the high is $13.0. The stock’s average target of $11.67 is 35.70% above today’s ($8.6) share price. AMBR was included in 4 notes of analysts from November 3, 2017. Canaccord Genuity downgraded the shares of AMBR in report on Friday, February 16 to “Hold” rating. The stock of Amber Road, Inc. (NYSE:AMBR) earned “Buy” rating by Stifel Nicolaus on Thursday, November 2. Canaccord Genuity maintained Amber Road, Inc. (NYSE:AMBR) rating on Friday, November 3. Canaccord Genuity has “Buy” rating and $10 target. The rating was maintained by Needham with “Buy” on Friday, February 16.

Amber Road, Inc. (NYSE:AMBR) Ratings Chart

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