First Analysis Begins Coverage on CommerceHub, Inc. (CHUBA)
First Analysis began coverage on shares of CommerceHub, Inc. (NASDAQ:CHUBA) in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage issued an overweight rating and a $25.00 price objective on the technology company’s stock.
Separately, Zacks Investment Research raised CommerceHub from a hold rating to a buy rating and set a $18.00 target price for the company in a research note on Thursday, May 11th.
CommerceHub (NASDAQ:CHUBA) opened at 21.58 on Friday. The stock has a market cap of $933.31 million and a price-to-earnings ratio of 87.37. CommerceHub has a 12 month low of $13.16 and a 12 month high of $21.60. The firm has a 50-day moving average price of $19.01 and a 200-day moving average price of $17.01.
CommerceHub (NASDAQ:CHUBA) last posted its quarterly earnings data 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 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 research analysts expect that CommerceHub will post $0.48 earnings per share for the current fiscal year.
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Institutional investors have recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. purchased a new position in CommerceHub during the second quarter valued at $18,142,000. First Quadrant L P CA purchased a new position in CommerceHub during the second quarter valued at $154,000. Russell Investments Group Ltd. purchased a new position in CommerceHub during the second quarter valued at $949,000. Pembroke Management LTD purchased a new position in CommerceHub during the second quarter valued at $15,480,000. Finally, Locust Wood Capital Advisers LLC purchased a new position in CommerceHub during the second quarter valued at $3,752,000. 81.57% of the stock is owned by institutional investors and hedge funds.
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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