Amber Road Inc (AMBR) is Reiterated by Needham to Buy, Raises Price Target to $ 11

Amber Road Inc (AMBR) was Reiterated by Needham to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 11 from a previous price target of $7 . Needham advised their investors in a research report released on Jun 20, 2016.

On the company’s financial health, Amber Road Inc reported $-0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.18. The company had revenue of $17.00 million for the quarter, compared to analysts expectations of $16.67 million. The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.17 EPS.

Amber Road Inc (AMBR) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $7.15 and reached the intraday high at $7.27. The bulls started the profit booking and pushed the shares to intraday low of $7.13. The trading session was marked by a volume range of 1,53,871 shares exchanging hands. The 52-week high of the shares is $7.62 and the 52-week low is $3.4201. The market cap of the company stands at $189 M and there are 2,63,46,987 shares in public circulation.

In a different news, on Jun 10, 2016, Albert C Iii Cooke (VP, Global Sales) sold 16,404 shares at $7.00 per share price. According to the SEC, on May 20, 2016, James W Preuninger (Chief Executive Officer) sold 100,000 shares at $5.00 per share price. On Feb 19, 2016, Barry Mv Williams (director) sold 42,808 shares at $4.18 per share price, according to the Form-4 filing with the securities and exchange commission.

Amber Road Inc. is a provider of a cloud-based global trade management (GTM) solution which automates import and export processes to enable goods to flow across international borders. The Company’s solution combines enterprise-class software trade content sourced from Government agencies and transportation providers across 145 countries and a global supply chain network connecting its customers with the trading partners including suppliers freight forwarders customs brokers and transportation carriers. The Company offers GTM solution modules and services for import management export management china trade management global logistics management trade agreement management and professional services. Its GTM solution also includes a global supply chain network of pre-built connections to the customers’ trading partners.

Amber Road Inc

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