Analysts forecast that CommerceHub Inc (NASDAQ:CHUBA) will report $37.74 million in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for CommerceHub’s earnings. The highest sales estimate is $39.68 million and the lowest is $36.40 million. CommerceHub posted sales of $32.88 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.8%. The firm is scheduled to issue its next earnings report on Wednesday, February 21st.

According to Zacks, analysts expect that CommerceHub will report full-year sales of $37.74 million for the current fiscal year, with estimates ranging from $110.80 million to $114.07 million. For the next financial year, analysts expect that the company will post sales of $127.48 million per share, with estimates ranging from $122.50 million to $132.95 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow CommerceHub.

CommerceHub (NASDAQ:CHUBA) last released its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. CommerceHub had a net margin of 11.79% and a return on equity of 34.82%.

Several research firms have issued reports on CHUBA. CIBC began coverage on shares of CommerceHub in a research note on Friday, December 22nd. They issued a “market perform” rating for the company. Zacks Investment Research downgraded shares of CommerceHub from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Dougherty & Co began coverage on shares of CommerceHub in a research note on Tuesday, October 31st. They set a “buy” rating and a $27.00 target price for the company. Wedbush reiterated an “outperform” rating and set a $26.00 target price (up previously from $22.00) on shares of CommerceHub in a research note on Monday, October 2nd. Finally, Oppenheimer began coverage on shares of CommerceHub in a research note on Saturday, December 30th. They set a “market perform” rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. CommerceHub currently has a consensus rating of “Hold” and an average price target of $26.17.

CommerceHub (NASDAQ CHUBA) traded up $0.03 during midday trading on Monday, reaching $21.44. 206,501 shares of the company’s stock traded hands, compared to its average volume of 146,567. CommerceHub has a one year low of $13.74 and a one year high of $24.53. The firm has a market capitalization of $928.67 and a P/E ratio of 76.57.

Institutional investors and hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors purchased a new position in CommerceHub during the second quarter worth about $137,000. Hosking Partners LLP purchased a new position in CommerceHub during the third quarter worth about $217,000. Diligent Investors LLC purchased a new position in CommerceHub during the third quarter worth about $223,000. New York State Common Retirement Fund purchased a new position in CommerceHub during the second quarter worth about $256,000. Finally, Yorktown Management & Research Co Inc purchased a new position in CommerceHub during the second quarter worth about $269,000. Institutional investors and hedge funds own 28.98% of the company’s stock.

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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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