Macquarie Group Ltd. purchased a new stake in shares of CommerceHub Inc (NASDAQ:CHUBA) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 41,800 shares of the technology company’s stock, valued at approximately $943,000. Macquarie Group Ltd. owned 0.10% of CommerceHub as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Nationwide Fund Advisors acquired a new position in shares of CommerceHub in the 2nd quarter worth $137,000. Trexquant Investment LP acquired a new position in shares of CommerceHub in the 2nd quarter worth $207,000. Sandia Holdings LLC acquired a new position in shares of CommerceHub in the 2nd quarter worth $248,000. New York State Common Retirement Fund acquired a new position in shares of CommerceHub in the 2nd quarter worth $256,000. Finally, Yorktown Management & Research Co Inc acquired a new position in shares of CommerceHub in the 2nd quarter worth $269,000. Institutional investors own 28.98% of the company’s stock.
Shares of CommerceHub Inc (NASDAQ CHUBA) opened at $22.43 on Monday. The stock has a market capitalization of $971.56 and a price-to-earnings ratio of 74.77. CommerceHub Inc has a 12-month low of $13.74 and a 12-month high of $24.53.
CHUBA has been the topic of a number of recent research reports. First Analysis initiated coverage on CommerceHub in a report on Friday, August 25th. They issued an “overweight” rating and a $25.00 target price on the stock. Dougherty & Co initiated coverage on CommerceHub in a report on Tuesday, October 31st. They issued a “buy” rating and a $27.00 target price on the stock. Zacks Investment Research upgraded CommerceHub from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Tuesday, November 14th. DA Davidson initiated coverage on CommerceHub in a report on Friday, September 22nd. They issued a “buy” rating and a $27.00 target price on the stock. Finally, Wedbush restated an “outperform” rating and issued a $26.00 target price (up from $22.00) on shares of CommerceHub in a report on Monday, October 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $25.80.
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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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