Zacks Investment Research lowered shares of CommerceHub, Inc. (NASDAQ:CHUBA) from a buy rating to a hold rating in a research report released on Wednesday morning.

According to Zacks, “CommerceHub, Inc. provides distributed commerce network which connecting supply, demand and delivery for retailers and brands. CommerceHub, Inc. is headquartered in Albany, United States. “

Shares of CommerceHub (NASDAQ CHUBA) traded down 2.76% during trading on Wednesday, hitting $19.37. 52,057 shares of the stock traded hands. The firm has a market cap of $837.73 million and a PE ratio of 78.42. CommerceHub has a 52-week low of $11.91 and a 52-week high of $19.97. The company’s 50 day moving average is $18.03 and its 200 day moving average is $16.54.

CommerceHub (NASDAQ:CHUBA) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by $0.03. CommerceHub had a return on equity of 36.84% and a net margin of 10.81%. The firm had revenue of $25.21 million for the quarter, compared to analysts’ expectations of $25.76 million. On average, equities research analysts predict that CommerceHub will post $0.48 EPS for the current year.

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Large investors have recently added to or reduced their stakes in the company. First Quadrant L P CA bought a new stake in CommerceHub during the second quarter valued at about $154,000. Trexquant Investment LP acquired a new position in shares of CommerceHub during the second quarter worth $207,000. Rhumbline Advisers acquired a new position in shares of CommerceHub during the second quarter worth $294,000. Archon Partners LLC acquired a new position in shares of CommerceHub during the second quarter worth $377,000. Finally, Swift Run Capital Management LLC acquired a new position in shares of CommerceHub during the second quarter worth $379,000. 80.89% of the stock is currently owned by institutional investors and hedge funds.

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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