Somewhat Positive News Coverage Somewhat Unlikely to Affect CommerceHub (CHUBA) Share Price

News headlines about CommerceHub (NASDAQ:CHUBA) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CommerceHub earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.4330214106624 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

CommerceHub (CHUBA) traded up $0.11 during midday trading on Friday, reaching $21.54. The company’s stock had a trading volume of 88,467 shares, compared to its average volume of 90,340. CommerceHub has a 1-year low of $13.74 and a 1-year high of $24.53. The stock has a market cap of $928.24 and a PE ratio of 76.93.

Several equities research analysts recently weighed in on CHUBA shares. Zacks Investment Research cut CommerceHub from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Dougherty & Co started coverage on CommerceHub in a report on Tuesday, October 31st. They set a “buy” rating and a $27.00 target price for the company. BidaskClub cut CommerceHub from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. CIBC started coverage on CommerceHub in a report on Friday, December 22nd. They set a “market perform” rating for the company. Finally, Northland Securities started coverage on CommerceHub in a report on Thursday, December 28th. They set an “outperform” rating and a $28.00 target price for the company. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. CommerceHub currently has an average rating of “Buy” and a consensus price target of $26.17.

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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.

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