CommerceHub, Inc. (CHUBA) Receives “Outperform” Rating from Wedbush
Wedbush reaffirmed their outperform rating on shares of CommerceHub, Inc. (NASDAQ:CHUBA) in a research report report published on Monday. The firm currently has a $26.00 target price on the technology company’s stock, up from their previous target price of $22.00.
CHUBA has been the subject of several other research reports. First Analysis initiated coverage on shares of CommerceHub in a report on Friday, August 25th. They issued an overweight rating and a $25.00 price target for the company. Zacks Investment Research lowered shares of CommerceHub from a buy rating to a hold rating in a report on Wednesday, August 9th. Finally, DA Davidson initiated coverage on shares of CommerceHub in a report on Friday, September 22nd. They issued a buy rating and a $27.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. CommerceHub has an average rating of Buy and a consensus price target of $25.00.
Shares of CommerceHub (NASDAQ CHUBA) traded down 0.30% during trading on Monday, hitting $22.94. 22,764 shares of the company were exchanged. The firm’s 50-day moving average price is $22.96 and its 200 day moving average price is $22.96. CommerceHub has a 12 month low of $13.25 and a 12 month high of $24.53. The firm has a market capitalization of $992.13 million and a PE ratio of 92.87.
CommerceHub (NASDAQ:CHUBA) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). The company had revenue of $25.21 million during the quarter, compared to analysts’ expectations of $25.76 million. CommerceHub had a return on equity of 36.84% and a net margin of 10.81%. On average, equities research analysts expect that CommerceHub will post $0.48 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC purchased a new stake in shares of CommerceHub during the second quarter worth $28,465,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of CommerceHub during the second quarter worth $18,142,000. Vanguard Group Inc. purchased a new stake in shares of CommerceHub during the second quarter worth $18,087,000. Pembroke Management LTD purchased a new stake in shares of CommerceHub during the second quarter worth $15,480,000. Finally, Employees Retirement System of Texas purchased a new stake in shares of CommerceHub during the second quarter worth $7,090,000. 25.64% of the stock is owned by institutional investors.
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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