CommerceHub Inc (CHUBA) Receives Average Rating of “Hold” from Brokerages
CommerceHub Inc (NASDAQ:CHUBA) has been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $26.60.
Several equities analysts have weighed in on the company. DA Davidson assumed coverage on CommerceHub in a report on Friday, September 22nd. They set a “buy” rating and a $27.00 price objective for the company. Zacks Investment Research lowered CommerceHub from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Wedbush reissued an “outperform” rating and set a $26.00 price objective (up from $22.00) on shares of CommerceHub in a report on Monday, October 2nd. Oppenheimer began coverage on CommerceHub in a report on Friday, December 22nd. They issued a “market perform” rating for the company. Finally, Northland Securities began coverage on CommerceHub in a report on Thursday, December 28th. They issued an “outperform” rating and a $28.00 price target for the company.
Several institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. purchased a new stake in shares of CommerceHub in the second quarter worth $912,000. Rhumbline Advisers purchased a new stake in shares of CommerceHub in the second quarter worth $294,000. Bank of New York Mellon Corp purchased a new stake in shares of CommerceHub in the second quarter worth $1,052,000. Swiss National Bank purchased a new stake in shares of CommerceHub in the second quarter worth $390,000. Finally, Franklin Resources Inc. purchased a new stake in shares of CommerceHub in the second quarter worth $5,803,000. 28.98% of the stock is owned by hedge funds and other institutional investors.
CommerceHub (NASDAQ:CHUBA) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. CommerceHub had a return on equity of 34.82% and a net margin of 11.79%. equities analysts anticipate that CommerceHub will post 0.36 EPS for the current fiscal year.
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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