CommerceHub, Inc. (NASDAQ:CHUBA) shares reached a new 52-week high during mid-day trading on Monday . The stock 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.

Several research analysts recently issued reports on CHUBA shares. First Analysis started coverage on shares of CommerceHub in a report on Friday, August 25th. They set an “overweight” rating and a $25.00 price target for the company. Zacks Investment Research cut shares of CommerceHub from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th.

The company has a market capitalization of $966.62 million and a P/E ratio of 90.49. The stock’s 50-day moving average price is $19.83 and its 200 day moving average price is $17.34.

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 analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $25.21 million during the quarter, compared to analyst estimates of $25.76 million. CommerceHub had a return on equity of 36.84% and a net margin of 10.81%. Equities analysts anticipate that CommerceHub, Inc. will post $0.48 EPS for the current year.

Several large investors have recently modified their holdings of CHUBA. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of CommerceHub in the 2nd quarter worth approximately $18,142,000. First Quadrant L P CA acquired a new stake in shares of CommerceHub in the 2nd quarter worth approximately $154,000. Russell Investments Group Ltd. acquired a new stake in shares of CommerceHub in the 2nd quarter worth approximately $949,000. Pembroke Management LTD acquired a new stake in shares of CommerceHub in the 2nd quarter worth approximately $15,480,000. Finally, Locust Wood Capital Advisers LLC acquired a new stake in shares of CommerceHub in the 2nd quarter worth approximately $3,752,000. 81.57% of the stock is owned by institutional investors.

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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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