CommerceHub, Inc. (CHUBA) Research Coverage Started at DA Davidson
Analysts at DA Davidson began coverage on shares of CommerceHub, Inc. (NASDAQ:CHUBA) in a report issued on Friday. The firm set a “buy” rating on the technology company’s stock.
CHUBA has been the subject of several other research reports. Zacks Investment Research lowered CommerceHub from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. First Analysis assumed coverage on CommerceHub in a research report on Friday, August 25th. They issued an “overweight” rating and a $25.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $23.00.
Shares of CommerceHub (NASDAQ CHUBA) opened at 23.42 on Friday. The stock has a market capitalization of $1.01 billion and a PE ratio of 94.82. The company’s 50-day moving average price is $22.97 and its 200 day moving average price is $22.97. CommerceHub has a one year low of $13.25 and a one year high of $23.69.
CommerceHub (NASDAQ:CHUBA) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). The company had revenue of $25.21 million during the quarter, compared to analysts’ expectations of $25.76 million. CommerceHub had a return on equity of 36.84% and a net margin of 10.81%. Analysts anticipate that CommerceHub will post $0.48 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHUBA. California State Teachers Retirement System purchased a new position in shares of CommerceHub during the second quarter valued at approximately $425,000. The Manufacturers Life Insurance Company purchased a new position in shares of CommerceHub during the second quarter valued at approximately $483,000. Osterweis Capital Management Inc. purchased a new position in shares of CommerceHub during the second quarter valued at approximately $1,843,000. Makaira Partners LLC purchased a new position in shares of CommerceHub during the second quarter valued at approximately $777,000. Finally, State Street Corp purchased a new position in shares of CommerceHub during the second quarter valued at approximately $4,998,000. Institutional investors own 25.64% 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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