Amber Road Inc (AMBR) is Reiterated by FBR Capital to Outperform, Raises Price Target to $ 12

Amber Road Inc (AMBR) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 12 from a previous price target of $10 . FBR Capital advised their investors in a research report released on Aug 5, 2016.

Many Wall Street Analysts have commented on Amber Road Inc. Company shares were Reiterated by Needham on Jun 20, 2016 to “Buy”, Firm has raised the Price Target to $ 11 from a previous price target of $7 .

On the company’s financial health, Amber Road Inc reported $-0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.17. The company had revenue of $18.14 million for the quarter, compared to analysts expectations of $17.77 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.19 EPS.

Amber Road Inc closed down -0.1 points or -1.13% at $8.72 with 1,66,444 shares getting traded on Thursday. Post opening the session at $8.82, the shares hit an intraday low of $8.58 and an intraday high of $8.85 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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