Amber Road (AMBR) Sets New 1-Year High at $13.02

Shares of Amber Road Inc (NYSE:AMBR) hit a new 52-week high during trading on Monday . The company traded as high as $13.02 and last traded at $12.96, with a volume of 431983 shares. The stock had previously closed at $10.30.

A number of brokerages have commented on AMBR. Stifel Nicolaus lowered Amber Road from a “buy” rating to a “hold” rating in a report on Monday. LADENBURG THALM/SH SH lowered Amber Road from a “buy” rating to a “neutral” rating in a report on Monday. Needham & Company LLC lowered Amber Road from a “buy” rating to a “hold” rating and set a $12.95 price objective for the company. in a report on Tuesday. ValuEngine raised Amber Road from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Finally, Zacks Investment Research lowered Amber Road from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.32.

The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.65 and a current ratio of 0.60.



Amber Road (NYSE:AMBR) last released its earnings results on Thursday, May 9th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.02. The company had revenue of $21.10 million during the quarter, compared to analyst estimates of $20.62 million. Amber Road had a negative return on equity of 33.06% and a negative net margin of 12.49%. Amber Road’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.04) earnings per share. On average, equities research analysts anticipate that Amber Road Inc will post -0.28 EPS for the current year.

In other news, CEO James W. Preuninger sold 41,560 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $9.51, for a total value of $395,235.60. Following the completion of the transaction, the chief executive officer now directly owns 1,713,929 shares of the company’s stock, valued at $16,299,464.79. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Thomas E. Conway sold 19,986 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $8.71, for a total value of $174,078.06. Following the completion of the transaction, the chief financial officer now directly owns 58,334 shares of the company’s stock, valued at $508,089.14. The disclosure for this sale can be found here. Corporate insiders own 15.10% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. First Interstate Bank bought a new position in shares of Amber Road in the fourth quarter valued at approximately $33,000. BNP Paribas Arbitrage SA grew its holdings in shares of Amber Road by 61,587.5% in the first quarter. BNP Paribas Arbitrage SA now owns 4,935 shares of the software maker’s stock valued at $43,000 after acquiring an additional 4,927 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Amber Road in the first quarter valued at approximately $89,000. Ramsey Quantitative Systems purchased a new position in Amber Road in the fourth quarter valued at approximately $93,000. Finally, Parametric Portfolio Associates LLC lifted its stake in Amber Road by 10.9% in the first quarter. Parametric Portfolio Associates LLC now owns 12,008 shares of the software maker’s stock valued at $104,000 after purchasing an additional 1,184 shares during the last quarter. 80.08% of the stock is owned by institutional investors.

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Amber Road Company Profile (NYSE:AMBR)

Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. The company's GTM solutions include modules, such as import management, export management, China trade management, global logistics management, trade agreement management, and supply chain collaboration, as well as professional services, such as assessment, implementation, education and training, and maintenance and support.

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