Shares of CommerceHub Inc (NASDAQ:CHUBA) have received an average rating of “Hold” from the nine brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $27.00.
Several brokerages recently commented on CHUBA. Zacks Investment Research upgraded CommerceHub from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Tuesday, November 14th. BidaskClub cut CommerceHub from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Northland Securities began coverage on CommerceHub in a research report on Thursday, December 28th. They set an “outperform” rating and a $28.00 price target for the company. DA Davidson cut CommerceHub from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a research report on Wednesday, March 7th. Finally, Oppenheimer began coverage on CommerceHub in a research report on Saturday, December 30th. They set a “market perform” rating for the company.
Shares of CommerceHub (NASDAQ CHUBA) traded up $0.07 during mid-day trading on Wednesday, hitting $22.48. The stock had a trading volume of 923,203 shares, compared to its average volume of 391,371. The firm has a market cap of $974.95, a P/E ratio of 102.00, a price-to-earnings-growth ratio of 3.17 and a beta of -0.17. CommerceHub has a twelve month low of $14.94 and a twelve month high of $24.53.
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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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