CommerceHub (NASDAQ:CHUBA) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday.

Several other research firms also recently weighed in on CHUBA. Zacks Investment Research downgraded shares of CommerceHub from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Oppenheimer initiated coverage on shares of CommerceHub in a report on Saturday, December 30th. They set a “market perform” rating on the stock. Northland Securities initiated coverage on shares of CommerceHub in a report on Thursday, December 28th. They set an “outperform” rating and a $28.00 price objective on the stock. CIBC initiated coverage on shares of CommerceHub in a report on Friday, December 22nd. They set a “market perform” rating on the stock. Finally, Dougherty & Co initiated coverage on shares of CommerceHub in a report on Tuesday, October 31st. They set a “buy” rating and a $27.00 price objective on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.17.

CommerceHub (NASDAQ CHUBA) opened at $22.22 on Friday. CommerceHub has a 1 year low of $13.74 and a 1 year high of $24.53. The stock has a market cap of $962.46 and a price-to-earnings ratio of 74.07.

CommerceHub (NASDAQ:CHUBA) last released its earnings results on Wednesday, November 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.01. CommerceHub had a net margin of 11.79% and a return on equity of 34.82%. equities research analysts expect that CommerceHub will post 0.36 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in CHUBA. Schwab Charles Investment Management Inc. purchased a new stake in shares of CommerceHub in the second quarter valued at about $912,000. Rhumbline Advisers purchased a new stake in shares of CommerceHub in the second quarter valued at about $294,000. Bank of New York Mellon Corp purchased a new stake in shares of CommerceHub in the second quarter valued at about $1,052,000. Swiss National Bank purchased a new stake in shares of CommerceHub in the second quarter valued at about $390,000. Finally, Franklin Resources Inc. purchased a new stake in shares of CommerceHub in the second quarter valued at about $5,803,000. Institutional investors own 28.98% of the company’s stock.

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About CommerceHub

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.

Analyst Recommendations for CommerceHub (NASDAQ:CHUBA)

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