Zacks Investment Research upgraded shares of CommerceHub (NASDAQ:CHUBA) from a sell rating to a hold rating in a research report released on Thursday.
According to Zacks, “CommerceHub, Inc. provides distributed commerce network which connecting supply, demand and delivery for retailers and brands. CommerceHub, Inc. is headquartered in Albany, United States. “
Other research analysts also recently issued reports about the company. First Analysis downgraded CommerceHub from an overweight rating to an equal weight rating in a research note on Tuesday, March 6th. DA Davidson lowered their price objective on CommerceHub to $23.00 and set a buy rating for the company in a research note on Friday, March 2nd. CIBC began coverage on CommerceHub in a research note on Friday, December 22nd. They set a market perform rating for the company. Oppenheimer began coverage on CommerceHub in a research note on Friday, December 22nd. They set a market perform rating for the company. Finally, BidaskClub lowered CommerceHub from a hold rating to a sell rating in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. CommerceHub presently has a consensus rating of Hold and an average price target of $26.17.
A number of hedge funds have recently made changes to their positions in CHUBA. MetLife Investment Advisors LLC acquired a new stake in shares of CommerceHub in the fourth quarter valued at $156,000. Nationwide Fund Advisors acquired a new stake in shares of CommerceHub in the second quarter valued at $137,000. Hosking Partners LLP acquired a new stake in shares of CommerceHub in the third quarter valued at $217,000. Diligent Investors LLC acquired a new stake in shares of CommerceHub in the third quarter valued at $223,000. Finally, Citadel Advisors LLC acquired a new stake in shares of CommerceHub in the third quarter valued at $270,000. Institutional investors own 30.09% 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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