Brokerages Anticipate CommerceHub, Inc. (CHUBA) to Announce $0.05 EPS
CommerceHub, Inc. (NASDAQ:CHUBA) has been given a consensus broker rating score of 2.50 (Hold) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. CommerceHub’s rating score has declined by 7.3% in the last 90 days as a result of a number of analysts’ ratings changes.
Brokers have set a 1-year consensus price objective of $22.00 for the company and are forecasting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also assigned CommerceHub an industry rank of 75 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered CommerceHub from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th.
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Several large investors have recently made changes to their positions in the stock. Swift Run Capital Management LLC purchased a new stake in shares of CommerceHub during the second quarter valued at about $379,000. Rhumbline Advisers purchased a new stake in shares of CommerceHub during the second quarter valued at about $294,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of CommerceHub during the second quarter valued at about $912,000. Trexquant Investment LP purchased a new stake in shares of CommerceHub during the second quarter valued at about $207,000. Finally, Sei Investments Co. purchased a new stake in shares of CommerceHub during the second quarter valued at about $808,000. Institutional investors and hedge funds own 80.89% of the company’s stock.
Shares of CommerceHub (CHUBA) opened at 20.50 on Friday. CommerceHub has a 52-week low of $11.91 and a 52-week high of $20.56. The company’s 50-day moving average is $18.19 and its 200-day moving average is $16.61. The firm has a market cap of $886.60 million and a P/E ratio of 83.00.
CommerceHub (NASDAQ:CHUBA) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.03. CommerceHub had a return on equity of 36.84% and a net margin of 10.81%. The business had revenue of $25.21 million for the quarter, compared to analyst estimates of $25.76 million. Equities research analysts forecast that CommerceHub will post $0.48 earnings per share for the current fiscal year.
CommerceHub Company Profile
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.
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