Zacks Investment Research Lowers CommerceHub (CHUBA) to Sell

Zacks Investment Research cut shares of CommerceHub (NASDAQ:CHUBA) from a hold rating to a sell rating in a research note released on Wednesday.

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. “

A number of other analysts have also weighed in on CHUBA. Wedbush restated an outperform rating and set a $26.00 target price (up previously from $22.00) on shares of CommerceHub in a report on Monday, October 2nd. Oppenheimer assumed coverage on CommerceHub in a report on Saturday, December 30th. They set a market perform rating for the company. DA Davidson assumed coverage on CommerceHub in a report on Friday, September 22nd. They set a buy rating and a $27.00 target price for the company. CIBC assumed coverage on CommerceHub in a report on Friday, December 22nd. They set a market perform rating for the company. Finally, Northland Securities assumed coverage on CommerceHub in a report on Thursday, December 28th. They set an outperform rating and a $28.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. CommerceHub currently has a consensus rating of Hold and a consensus price target of $26.17.

Shares of CommerceHub (NASDAQ CHUBA) opened at $21.44 on Wednesday. The firm has a market capitalization of $886.27 and a price-to-earnings ratio of 73.93. CommerceHub has a twelve month low of $13.74 and a twelve month high of $24.53.

A number of institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. lifted its holdings in CommerceHub by 5.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 55,214 shares of the technology company’s stock worth $1,247,000 after buying an additional 2,906 shares during the period. Nationwide Fund Advisors acquired a new position in shares of CommerceHub during the second quarter worth $137,000. Wells Fargo & Company MN increased its position in shares of CommerceHub by 19.9% during the third quarter. Wells Fargo & Company MN now owns 55,684 shares of the technology company’s stock worth $1,257,000 after purchasing an additional 9,237 shares in the last quarter. Hosking Partners LLP acquired a new position in shares of CommerceHub during the third quarter worth $217,000. Finally, Diligent Investors LLC acquired a new position in shares of CommerceHub during the third quarter worth $223,000. Institutional investors 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.

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