Stifel Nicolaus Maintains Amber Road Inc to Buy with Price Target $12.00

Brokerage firm Stifel Nicolaus Maintains its rating on Amber Road Inc(NYSE:AMBR). In a research note issued to the investors, the brokerage major Raises the price-target to $12.00 per share. The shares have been rated Buy. The rating by Stifel Nicolaus was issued on Aug 5, 2016.

Amber Road Inc (AMBR) made into the market gainers list on Wednesdays trading session with the shares advancing 0.58% or 0.06 points. Due to strong positive momentum, the stock ended at $10.43, which is also near the day’s high of $10.48. The stock began the session at $10.4 and the volume stood at 6,79,114 shares. The 52-week high of the shares is $10.58 and the 52 week low is $3.4201. The company has a current market capitalization of $276 M and it has 2,64,60,677 shares in outstanding.

Amber Road Inc(AMBR) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $18.14M. Analysts had an estimated revenue of $17.77M. Earnings per share were $-0.11. Analysts had estimated an EPS of $-0.17.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Albert C Iii Cooke (VP, Global Sales) sold 16,404 shares at $7.00 per share price.Also, 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.

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