Makaira Partners LLC acquired a new stake in shares of CommerceHub, Inc. (NASDAQ:CHUBA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,617 shares of the technology company’s stock, valued at approximately $777,000. CommerceHub accounts for 0.1% of Makaira Partners LLC’s investment portfolio, making the stock its 13th largest holding. Makaira Partners LLC owned approximately 0.10% of CommerceHub as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nationwide Fund Advisors acquired a new position in shares of CommerceHub during the second quarter valued at about $137,000. First Quadrant L P CA acquired a new position in shares of 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 valued at about $207,000. Sandia Holdings LLC acquired a new position in shares of CommerceHub during the second quarter valued at about $248,000. Finally, New York State Common Retirement Fund acquired a new position in shares of CommerceHub during the second quarter valued at about $256,000. Hedge funds and other institutional investors own 25.64% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of CommerceHub from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Wedbush reiterated an “outperform” rating and set a $26.00 price objective (up previously from $22.00) on shares of CommerceHub in a report on Monday, October 2nd. DA Davidson assumed coverage on shares of CommerceHub in a report on Friday, September 22nd. They set a “buy” rating and a $27.00 price objective on the stock. Finally, First Analysis assumed coverage on shares of CommerceHub in a report on Friday, August 25th. They set an “overweight” rating and a $25.00 price objective on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $25.00.

CommerceHub, Inc. (NASDAQ:CHUBA) traded up 0.35% during midday trading on Friday, hitting $23.09. 68,249 shares of the company were exchanged. CommerceHub, Inc. has a 1-year low of $13.25 and a 1-year high of $24.53. The stock has a 50 day moving average of $22.97 and a 200 day moving average of $22.97. The firm has a market capitalization of $998.62 million and a PE ratio of 93.48.

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 consensus estimate of $0.08 by ($0.03). CommerceHub had a return on equity of 36.84% and a net margin of 10.81%. The business had revenue of $25.21 million for the quarter, compared to the consensus estimate of $25.76 million. On average, equities analysts predict that CommerceHub, Inc. will post $0.48 earnings per share for the current fiscal year.

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CommerceHub 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.

Institutional Ownership by Quarter for CommerceHub (NASDAQ:CHUBA)

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