DA Davidson downgraded shares of CommerceHub (NASDAQ:CHUBA) from a buy rating to a neutral rating in a research note issued to investors on Wednesday, MarketBeat.com reports. They currently have $27.00 price objective on the technology company’s stock.
Other equities research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of CommerceHub from a buy rating to a hold rating in a research note on Wednesday, December 27th. Northland Securities assumed coverage on shares of CommerceHub in a research note on Thursday, December 28th. They set an outperform rating and a $28.00 price target on the stock. Oppenheimer assumed coverage on shares of CommerceHub in a research note on Saturday, December 30th. They set a market perform rating on the stock. Zacks Investment Research downgraded shares of CommerceHub from a hold rating to a sell rating in a research note on Wednesday, January 10th. Finally, CIBC assumed coverage on shares of CommerceHub in a research note on Friday, December 22nd. They set a market perform rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $26.17.
Shares of CommerceHub (NASDAQ:CHUBA) traded up $0.01 during mid-day trading on Wednesday, reaching $22.41. 2,136,407 shares of the company were exchanged, compared to its average volume of 574,906. CommerceHub has a fifty-two week low of $14.94 and a fifty-two week high of $24.53. The company has a market capitalization of $974.95, a price-to-earnings ratio of 101.87, a P/E/G ratio of 3.17 and a beta of -0.17.
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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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