27,759 Shares in CommerceHub, Inc. (CHUBA) Purchased by The Manufacturers Life Insurance Company
The Manufacturers Life Insurance Company purchased a new position in shares of CommerceHub, Inc. (NASDAQ:CHUBA) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 27,759 shares of the technology company’s stock, valued at approximately $483,000. The Manufacturers Life Insurance Company owned about 0.06% of CommerceHub as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Osterweis Capital Management Inc. acquired a new position in CommerceHub during the 2nd quarter worth approximately $1,843,000. Makaira Partners LLC acquired a new position in CommerceHub during the 2nd quarter worth approximately $777,000. State Street Corp acquired a new position in CommerceHub during the 2nd quarter worth approximately $4,998,000. Goldman Sachs Group Inc. acquired a new position in CommerceHub during the 2nd quarter worth approximately $317,000. Finally, Employees Retirement System of Texas acquired a new position in CommerceHub during the 2nd quarter worth approximately $7,090,000. 26.29% of the stock is owned by hedge funds and other institutional investors.
Shares of CommerceHub, Inc. (CHUBA) opened at $23.08 on Friday. CommerceHub, Inc. has a twelve month low of $13.74 and a twelve month high of $24.53. The company has a market capitalization of $999.71 and a P/E ratio of 76.93.
Several equities research analysts have recently commented on the company. Zacks Investment Research raised CommerceHub from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday, November 14th. Dougherty & Co assumed coverage on CommerceHub in a report on Tuesday, October 31st. They issued a “buy” rating and a $27.00 price objective for the company. Wedbush reissued an “outperform” rating and issued a $26.00 price objective (up previously from $22.00) on shares of CommerceHub in a report on Monday, October 2nd. DA Davidson assumed coverage on CommerceHub in a report on Friday, September 22nd. They issued a “buy” rating and a $27.00 price objective for the company. Finally, First Analysis assumed coverage on CommerceHub in a report on Friday, August 25th. They issued an “overweight” rating and a $25.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. CommerceHub presently has an average rating of “Buy” and an average price target of $25.80.
WARNING: This piece was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/27759-shares-in-commercehub-inc-chuba-purchased-by-the-manufacturers-life-insurance-company/1726806.html.
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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommerceHub Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.