CommerceHub, Inc. (NASDAQ:CHUBA) has earned a consensus recommendation of “Buy” from the six research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $26.25.
Several analysts recently weighed in on the company. Dougherty & Co assumed coverage on CommerceHub in a research report on Tuesday, October 31st. They set a “buy” rating and a $27.00 price objective for the company. DA Davidson assumed coverage on CommerceHub in a research report on Friday, September 22nd. They set a “buy” rating and a $27.00 price objective for the company. Zacks Investment Research upgraded CommerceHub from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Monday, August 7th. Wedbush restated an “outperform” rating and set a $26.00 price objective (up from $22.00) on shares of CommerceHub in a research report on Monday, October 2nd. Finally, First Analysis assumed coverage on CommerceHub in a research report on Friday, August 25th. They set an “overweight” rating and a $25.00 price objective for the company.
Several hedge funds have recently made changes to their positions in CHUBA. Nationwide Fund Advisors bought a new stake in shares of CommerceHub during the 2nd quarter worth $137,000. First Quadrant L P CA bought a new position in CommerceHub in the second quarter valued at about $154,000. Trexquant Investment LP bought a new position in CommerceHub in the second quarter valued at about $207,000. Sandia Holdings LLC bought a new position in CommerceHub in the second quarter valued at about $248,000. Finally, New York State Common Retirement Fund bought a new position in CommerceHub in the second quarter valued at about $256,000. Institutional investors and hedge funds own 25.57% of the company’s stock.
Shares of CommerceHub (NASDAQ CHUBA) traded down $0.19 during midday trading on Tuesday, reaching $22.02. The company’s stock had a trading volume of 183,003 shares, compared to its average volume of 78,173. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.14. CommerceHub has a 52-week low of $13.24 and a 52-week high of $24.53. The firm has a market cap of $952.30 and a price-to-earnings ratio of 81.56.
CommerceHub (NASDAQ:CHUBA) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The company had revenue of $25.21 million for the quarter, compared to the consensus estimate of $25.76 million. CommerceHub had a net margin of 10.81% and a return on equity of 36.84%. research analysts expect that CommerceHub will post 0.35 EPS for the current 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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