CommerceHub (CHUBA) Receives New Coverage from Analysts at Northland Securities

Research analysts at Northland Securities assumed coverage on shares of CommerceHub (NASDAQ:CHUBA) in a research report issued to clients and investors on Thursday, December 28th, MarketBeat.com reports. The firm set an “outperform” rating and a $28.00 price target on the technology company’s stock. Northland Securities’ price target suggests a potential upside of 30.78% from the company’s current price.

A number of other equities research analysts have also weighed in on CHUBA. Wedbush reiterated an “outperform” rating and set a $26.00 target price (up from $22.00) on shares of CommerceHub in a research note on Monday, October 2nd. DA Davidson initiated coverage on CommerceHub in a research note on Friday, September 22nd. They issued a “buy” rating and a $27.00 price objective for the company. CIBC initiated coverage on CommerceHub in a research note on Friday, December 22nd. They issued a “market perform” rating for the company. Oppenheimer initiated coverage on CommerceHub in a research note on Friday, December 22nd. They issued a “market perform” rating for the company. Finally, Zacks Investment Research upgraded CommerceHub from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. CommerceHub currently has an average rating of “Hold” and a consensus target price of $26.17.

CommerceHub (CHUBA) opened at $21.41 on Thursday. CommerceHub has a 1-year low of $13.74 and a 1-year high of $24.53. The firm has a market cap of $870.18 and a P/E ratio of 73.83.

Institutional investors have recently modified their holdings of the stock. Nationwide Fund Advisors bought a new position in shares of CommerceHub during the 2nd quarter valued at about $137,000. Hosking Partners LLP bought a new position in shares of CommerceHub during the 3rd quarter valued at about $217,000. Diligent Investors LLC bought a new position in shares of CommerceHub during the 3rd quarter valued at about $223,000. Sandia Holdings LLC bought a new position in shares of CommerceHub during the 2nd quarter valued at about $248,000. Finally, New York State Common Retirement Fund bought a new position in shares of CommerceHub during the 2nd quarter valued at about $256,000. 28.98% of the stock is owned by institutional investors.

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About CommerceHub

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.

Analyst Recommendations for CommerceHub (NASDAQ:CHUBA)

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