CommerceHub, Inc. (NASDAQ:CHUBA) Lowered to “Hold” at Zacks Investment Research
CommerceHub, Inc. (NASDAQ:CHUBA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report 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. “
Shares of CommerceHub (NASDAQ:CHUBA) traded up 0.86% during trading on Wednesday, hitting $19.92. 154,649 shares of the stock traded hands. The company has a market cap of $860.80 million and a PE ratio of 75.74. CommerceHub has a 1-year low of $11.91 and a 1-year high of $19.97. The company has a 50 day moving average of $17.79 and a 200-day moving average of $16.41.
CommerceHub (NASDAQ:CHUBA) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.03. CommerceHub had a return on equity of 36.84% and a net margin of 10.81%. The company had revenue of $25.21 million during the quarter, compared to the consensus estimate of $25.76 million. On average, equities analysts anticipate that CommerceHub will post $0.48 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of CHUBA. Vaughan Nelson Investment Management L.P. bought a new position in shares of CommerceHub during the second quarter worth approximately $18,142,000. Locust Wood Capital Advisers LLC bought a new position in shares of CommerceHub during the second quarter worth approximately $3,752,000. Pembroke Management LTD bought a new position in shares of CommerceHub during the second quarter worth approximately $15,480,000. First Quadrant L P CA bought a new position in shares of CommerceHub during the second quarter worth approximately $154,000. Finally, S&CO Inc. bought a new position in shares of CommerceHub during the second quarter worth approximately $2,104,000. Institutional investors own 80.89% of the company’s stock.
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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