CommerceHub (NASDAQ:CHUBA) Rating Lowered 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 research report issued to clients and investors on Wednesday, January 10th.

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. “

Other analysts also recently issued research reports about the company. DA Davidson started coverage on CommerceHub in a research note on Friday, September 22nd. They issued a “buy” rating and a $27.00 price objective on the stock. Wedbush reaffirmed an “outperform” rating and issued a $26.00 price objective (up previously from $22.00) on shares of CommerceHub in a research note on Monday, October 2nd. Dougherty & Co initiated coverage on CommerceHub in a report on Tuesday, October 31st. They issued a “buy” rating and a $27.00 target price for the company. Oppenheimer initiated coverage on CommerceHub in a report on Friday, December 22nd. They issued a “market perform” rating for the company. Finally, CIBC initiated coverage on CommerceHub in a report on Friday, December 22nd. They issued a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. CommerceHub has a consensus rating of “Hold” and a consensus price target of $26.17.

CommerceHub (NASDAQ CHUBA) opened at $20.09 on Wednesday. The stock has a market capitalization of $875.83 and a PE ratio of 71.75. CommerceHub has a 12-month low of $14.77 and a 12-month high of $24.53.

CommerceHub (NASDAQ:CHUBA) last posted its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. CommerceHub had a return on equity of 34.82% and a net margin of 11.79%. analysts anticipate that CommerceHub will post 0.36 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of CHUBA. FMR LLC bought a new position in shares of CommerceHub in the 2nd quarter worth $28,465,000. Vanguard Group Inc. bought a new position in shares of CommerceHub in the 2nd quarter worth $18,087,000. Pembroke Management LTD raised its position in shares of CommerceHub by 2.6% in the 3rd quarter. Pembroke Management LTD now owns 911,782 shares of the technology company’s stock worth $20,579,000 after acquiring an additional 23,100 shares in the last quarter. Neuberger Berman Group LLC bought a new position in shares of CommerceHub in the 3rd quarter worth $11,072,000. Finally, Employees Retirement System of Texas bought a new position in shares of CommerceHub in the 2nd quarter worth $7,090,000. 29.08% of the stock is owned by institutional investors and hedge funds.

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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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