CommerceHub, Inc. (NASDAQ:CHUBA)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $22.41 and last traded at $22.41, with a volume of 104,144 shares. The stock had previously closed at $22.17.

CHUBA has been the topic of a number of research reports. Zacks Investment Research downgraded shares of CommerceHub from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. First Analysis initiated coverage on shares of CommerceHub in a report on Friday, August 25th. They issued an “overweight” rating and a $25.00 price objective on the stock.

The stock has a market cap of $969.21 million and a price-to-earnings ratio of 90.73. The firm’s 50-day moving average is $19.64 and its 200 day moving average is $17.25.

CommerceHub (NASDAQ:CHUBA) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $25.21 million during the quarter, compared to analyst estimates of $25.76 million. On average, analysts forecast that CommerceHub, Inc. will post $0.48 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC acquired a new stake in shares of CommerceHub during the 2nd quarter worth approximately $28,465,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of CommerceHub during the 2nd quarter worth approximately $18,142,000. Vanguard Group Inc. acquired a new stake in shares of CommerceHub during the 2nd quarter worth approximately $18,087,000. Pembroke Management LTD acquired a new stake in shares of CommerceHub during the 2nd quarter worth approximately $15,480,000. Finally, Employees Retirement System of Texas acquired a new stake in shares of CommerceHub during the 2nd quarter worth approximately $7,090,000. 81.57% of the stock is currently owned by institutional investors and hedge funds.

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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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