CommerceHub (CHUBA) Cut to “Sell” at Zacks Investment Research
CommerceHub (NASDAQ:CHUBA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
According to Zacks, “CommerceHub, Inc. provides distributed commerce network which connecting supply, demand and delivery for retailers and brands. CommerceHub, Inc. is headquartered in Albany, United States. “
CHUBA has been the topic of several other reports. BidaskClub cut CommerceHub from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Northland Securities initiated coverage on CommerceHub in a report on Thursday, December 28th. They set an “outperform” rating and a $28.00 target price on the stock. Oppenheimer initiated coverage on CommerceHub in a report on Friday, December 22nd. They set a “market perform” rating on the stock. DA Davidson initiated coverage on CommerceHub in a report on Friday, September 22nd. They set a “buy” rating and a $27.00 target price on the stock. Finally, CIBC initiated coverage on CommerceHub in a report on Friday, December 22nd. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. CommerceHub has an average rating of “Hold” and an average target price of $26.17.
CommerceHub (CHUBA) opened at $21.41 on Wednesday. The firm has a market capitalization of $870.18 and a P/E ratio of 73.83. CommerceHub has a twelve month low of $13.74 and a twelve month high of $24.53.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors acquired a new position in CommerceHub in the second quarter valued at approximately $137,000. Hosking Partners LLP acquired a new position in CommerceHub in the third quarter valued at approximately $217,000. Diligent Investors LLC acquired a new position in CommerceHub in the third quarter valued at approximately $223,000. Citadel Advisors LLC acquired a new position in CommerceHub in the third quarter valued at approximately $270,000. Finally, New York State Common Retirement Fund acquired a new position in CommerceHub in the second quarter valued at approximately $256,000. Hedge funds and other institutional investors own 28.98% of the company’s stock.
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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.
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