CommerceHub (CHUBK) Downgraded by BidaskClub to “Hold”

BidaskClub lowered shares of CommerceHub (NASDAQ:CHUBK) from a buy rating to a hold rating in a research note released on Friday morning.

Shares of CommerceHub (CHUBK) opened at $20.81 on Friday. CommerceHub has a 52-week low of $13.73 and a 52-week high of $22.50. The company has a market cap of $916.37 and a PE ratio of 71.76.

Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado purchased a new stake in CommerceHub in the 2nd quarter worth approximately $100,000. Legal & General Group Plc purchased a new stake in CommerceHub in the 2nd quarter worth approximately $134,000. Markston International LLC purchased a new stake in CommerceHub in the 2nd quarter worth approximately $182,000. PEAK6 Investments L.P. increased its holdings in CommerceHub by 27.3% in the 3rd quarter. PEAK6 Investments L.P. now owns 11,914 shares of the company’s stock worth $254,000 after acquiring an additional 2,558 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in CommerceHub in the 2nd quarter worth approximately $217,000. 49.33% of the stock is owned by institutional investors.

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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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