BidaskClub cut shares of CommerceHub (NASDAQ:CHUBA) from a sell rating to a strong sell rating in a research report sent to investors on Thursday.
CHUBA has been the subject of several other reports. Northland Securities initiated coverage on shares of CommerceHub in a research report on Thursday, December 28th. They set an outperform rating and a $28.00 target price for the company. DA Davidson lowered shares of CommerceHub from a buy rating to a neutral rating and set a $27.00 price target for the company. in a research report on Wednesday, March 7th. Oppenheimer initiated coverage on shares of CommerceHub in a research report on Saturday, December 30th. They issued a market perform rating for the company. Zacks Investment Research lowered shares of CommerceHub from a hold rating to a sell rating in a research report on Wednesday, January 10th. Finally, First Analysis lowered shares of CommerceHub from an overweight rating to an equal weight rating in a research report on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $26.17.
Shares of NASDAQ CHUBA opened at $22.53 on Thursday. The company has a market cap of $980.60, a P/E ratio of 60.89, a price-to-earnings-growth ratio of 3.21 and a beta of -0.71. CommerceHub has a 12-month low of $14.96 and a 12-month high of $24.53.
CommerceHub (NASDAQ:CHUBA) last announced its earnings results on Wednesday, February 28th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). The business had revenue of $36.73 million for the quarter, compared to the consensus estimate of $37.74 million. CommerceHub had a net margin of 8.87% and a return on equity of 37.34%. equities analysts predict that CommerceHub will post 0.53 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of CHUBA. Schwab Charles Investment Management Inc. boosted its position in shares of CommerceHub by 5.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 55,214 shares of the technology company’s stock worth $1,247,000 after acquiring an additional 2,906 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in shares of CommerceHub during the fourth quarter worth $156,000. Wells Fargo & Company MN boosted its position in shares of CommerceHub by 19.9% during the third quarter. Wells Fargo & Company MN now owns 55,684 shares of the technology company’s stock worth $1,257,000 after acquiring an additional 9,237 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of CommerceHub by 17.5% during the fourth quarter. Bank of New York Mellon Corp now owns 69,788 shares of the technology company’s stock worth $1,534,000 after acquiring an additional 10,402 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of CommerceHub during the third quarter worth $270,000. Institutional investors and hedge funds own 30.24% of the company’s stock.
CommerceHub, Inc is a provider of cloud-based e-commerce fulfillment and marketing solutions that integrate supply, demand and delivery for retailers and consumer brands, manufacturers and distributors. The Company’s end-to-end solutions are provided through the CommerceHub software platform, a hub that streamlines integration and enables transactions among its retailer and supplier customers and their other trading partners, while also enabling them to access the online marketplaces, search engines, social and product advertising and other digital marketing channels where consumers browse and buy.
Receive News & Ratings for CommerceHub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommerceHub and related companies with MarketBeat.com's FREE daily email newsletter.