CommerceHub (NASDAQ:CHUBK) Cut to Sell at BidaskClub

BidaskClub lowered shares of CommerceHub (NASDAQ:CHUBK) from a hold rating to a sell rating in a research note published on Friday, January 19th.

Shares of CommerceHub (NASDAQ:CHUBK) traded up $0.22 on Friday, reaching $17.61. 430,840 shares of the company traded hands, compared to its average volume of 194,139. The stock has a market cap of $753.25, a price-to-earnings ratio of 62.11 and a beta of -0.84. CommerceHub has a 12-month low of $14.85 and a 12-month high of $22.50.

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new position in CommerceHub during the second quarter worth $41,727,000. BlackRock Inc. grew its holdings in CommerceHub by 1.4% during the fourth quarter. BlackRock Inc. now owns 1,826,785 shares of the company’s stock worth $37,613,000 after acquiring an additional 24,673 shares during the period. FMR LLC acquired a new position in CommerceHub during the second quarter worth $19,760,000. State of Wisconsin Investment Board grew its holdings in CommerceHub by 352.2% during the fourth quarter. State of Wisconsin Investment Board now owns 694,189 shares of the company’s stock worth $14,293,000 after acquiring an additional 540,689 shares during the period. Finally, State Street Corp acquired a new stake in CommerceHub in the second quarter valued at $10,016,000. Hedge funds and other institutional investors own 49.35% of the company’s stock.

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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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