CommerceHub (CHUBA) Downgraded by BidaskClub to “Sell”

CommerceHub (NASDAQ:CHUBA) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday.

Several other equities research analysts have also commented on CHUBA. Wedbush reissued an “outperform” rating and set a $26.00 price objective (up previously from $22.00) on shares of CommerceHub in a research note on Monday, October 2nd. DA Davidson assumed coverage on shares of CommerceHub in a research note on Friday, September 22nd. They set a “buy” rating and a $27.00 price objective on the stock. CIBC assumed coverage on shares of CommerceHub in a research note on Friday, December 22nd. They set a “market perform” rating on the stock. Zacks Investment Research raised shares of CommerceHub from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, November 14th. Finally, Dougherty & Co assumed coverage on shares of CommerceHub in a research note on Tuesday, October 31st. They set a “buy” rating and a $27.00 price objective on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $26.17.

Shares of CommerceHub (NASDAQ CHUBA) traded up $0.84 on Friday, hitting $22.22. 232,632 shares of the stock were exchanged, compared to its average volume of 107,685. The company has a market cap of $962.46 and a price-to-earnings ratio of 79.36. CommerceHub has a 52-week low of $13.74 and a 52-week high of $24.53.

CommerceHub (NASDAQ:CHUBA) last announced its earnings results on Wednesday, November 8th. The technology company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. CommerceHub had a net margin of 11.79% and a return on equity of 34.82%. analysts expect that CommerceHub will post 0.36 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Nationwide Fund Advisors purchased a new position in CommerceHub in the second quarter worth about $137,000. Hosking Partners LLP purchased a new position in CommerceHub in the third quarter worth about $217,000. Diligent Investors LLC purchased a new position in CommerceHub in the third quarter worth about $223,000. Citadel Advisors LLC purchased a new position in CommerceHub in the third quarter worth about $270,000. Finally, New York State Common Retirement Fund purchased a new position in CommerceHub in the second quarter worth about $256,000. 28.98% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for CommerceHub (NASDAQ:CHUBA)

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