ChannelAdvisor (ECOM +5.4%) jumps on underwriter coverage day 4 weeks after delivering a strong...

|About: ChannelAdvisor Corp (ECOM)|By:, SA News Editor

ChannelAdvisor (ECOM +5.4%) jumps on underwriter coverage day 4 weeks after delivering a strong IPO; Goldman, Raymond Janes, Pac Crest, and Needham have all launched coverage on the provider of e-commerce advertising/product listing services with bullish ratings. Goldman praises ChannelAdvisor's "accelerating growth, and argues its scale (it handles $3.5B/year in gross merchandise volume and 100M SKUs) and industry fragmentation allow it to benefit from network effects.