CommerceHub (CHUBA) Now Covered by Analysts at CIBC

CIBC began coverage on shares of CommerceHub (NASDAQ:CHUBA) in a report published on Friday morning. The firm issued a market perform rating on the technology company’s stock.

CHUBA has been the subject of several other research reports. Oppenheimer assumed coverage on CommerceHub in a report on Friday. They issued a market perform rating for the company. Zacks Investment Research lowered CommerceHub from a buy rating to a hold rating in a report on Friday, December 1st. DA Davidson assumed coverage on CommerceHub in a report on Friday, September 22nd. They issued a buy rating and a $27.00 price objective for the company. Dougherty & Co assumed coverage on CommerceHub in a report on Tuesday, October 31st. They issued a buy rating and a $27.00 price objective for the company. Finally, First Analysis assumed coverage on CommerceHub in a report on Friday, August 25th. They issued an overweight rating and a $25.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. CommerceHub has a consensus rating of Buy and a consensus target price of $25.80.

CommerceHub (NASDAQ CHUBA) traded down $0.06 during mid-day trading on Friday, hitting $22.18. The stock had a trading volume of 71,671 shares, compared to its average volume of 100,346. CommerceHub has a 52-week low of $13.74 and a 52-week high of $24.53. The stock has a market capitalization of $963.33 and a PE ratio of 79.21.

Institutional investors have recently made changes to their positions in the company. Atlantic Trust Group LLC purchased a new stake in shares of CommerceHub in the third quarter worth about $2,035,000. Neuberger Berman Group LLC purchased a new stake in shares of CommerceHub in the third quarter worth about $11,072,000. AMP Capital Investors Ltd purchased a new stake in shares of CommerceHub in the third quarter worth about $365,000. OxFORD Asset Management LLP purchased a new stake in shares of CommerceHub in the third quarter worth about $2,207,000. Finally, RK Capital Management LLC purchased a new stake in shares of CommerceHub in the third quarter worth about $7,074,000. Institutional investors and hedge funds own 28.98% 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.

Analyst Recommendations for CommerceHub (NASDAQ:CHUBA)

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