Roundview Capital LLC Acquires New Position in CommerceHub, Inc. (CHUBA)
Roundview Capital LLC acquired a new stake in CommerceHub, Inc. (NASDAQ:CHUBA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 32,500 shares of the technology company’s stock, valued at approximately $566,000. Roundview Capital LLC owned 0.08% of CommerceHub at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in CHUBA. Vaughan Nelson Investment Management L.P. acquired a new position in shares of CommerceHub in the second quarter valued at approximately $18,142,000. First Quadrant L P CA acquired a new position in shares of CommerceHub in the second quarter valued at approximately $154,000. Russell Investments Group Ltd. acquired a new position in shares of CommerceHub in the second quarter valued at approximately $949,000. Pembroke Management LTD acquired a new position in shares of CommerceHub in the second quarter valued at approximately $15,480,000. Finally, Locust Wood Capital Advisers LLC acquired a new position in shares of CommerceHub in the second quarter valued at approximately $3,752,000. 25.64% of the stock is owned by institutional investors.
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Several research firms have recently issued reports on CHUBA. Zacks Investment Research downgraded CommerceHub from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. DA Davidson began coverage on CommerceHub in a research note on Friday. They issued a “buy” rating and a $27.00 price objective for the company. Finally, First Analysis began coverage on CommerceHub in a research note on Friday, August 25th. They issued an “overweight” rating and a $25.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $24.00.
CommerceHub, Inc. (NASDAQ:CHUBA) traded up 1.67% on Friday, hitting $23.81. The stock had a trading volume of 213,901 shares. The company has a 50-day moving average price of $22.97 and a 200-day moving average price of $22.97. CommerceHub, Inc. has a 1-year low of $13.25 and a 1-year high of $24.53. The stock has a market capitalization of $1.03 billion and a price-to-earnings ratio of 96.40.
CommerceHub (NASDAQ:CHUBA) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). The firm had revenue of $25.21 million for the quarter, compared to analysts’ expectations of $25.76 million. CommerceHub had a net margin of 10.81% and a return on equity of 36.84%. Equities analysts predict that CommerceHub, Inc. will post $0.48 earnings per share for the current year.
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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