CommerceHub Inc (CHUBA) Receives Consensus Rating of “Buy” from Brokerages

Shares of CommerceHub Inc (NASDAQ:CHUBA) have received a consensus rating of “Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $26.25.

CHUBA has been the subject of a number of analyst reports. First Analysis began coverage on CommerceHub in a research report on Friday, August 25th. They issued an “overweight” rating and a $25.00 price target for the company. DA Davidson began coverage on CommerceHub in a research report on Friday, September 22nd. They set a “buy” rating and a $27.00 target price for the company. Wedbush reaffirmed an “outperform” rating and set a $26.00 target price (up from $22.00) on shares of CommerceHub in a research report on Monday, October 2nd. Dougherty & Co began coverage on CommerceHub in a research report on Tuesday, October 31st. They set a “buy” rating and a $27.00 target price for the company. Finally, Zacks Investment Research raised CommerceHub from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Tuesday, November 14th.

Several institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN purchased a new stake in CommerceHub in the 2nd quarter worth about $810,000. Shapiro Capital Management LLC purchased a new stake in CommerceHub in the 2nd quarter worth about $578,000. Goldman Sachs Group Inc. purchased a new stake in CommerceHub in the 2nd quarter worth about $317,000. Bank of New York Mellon Corp purchased a new stake in CommerceHub in the 2nd quarter worth about $1,052,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in CommerceHub in the 2nd quarter worth about $912,000. 28.98% of the stock is owned by hedge funds and other institutional investors.

Shares of CommerceHub (CHUBA) opened at $22.24 on Friday. The company has a market capitalization of $950.76 and a price-to-earnings ratio of 73.17. CommerceHub has a 12-month low of $13.74 and a 12-month high of $24.53.

TRADEMARK VIOLATION NOTICE: “CommerceHub Inc (CHUBA) Receives Consensus Rating of “Buy” from Brokerages” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/01/13/commercehub-inc-chuba-receives-consensus-rating-of-buy-from-brokerages.html.

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)

Receive News & Ratings for CommerceHub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommerceHub and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply