Mint Tower Capital Management B.V. Purchases New Position in CommerceHub (CHUBA)

Mint Tower Capital Management B.V. purchased a new position in shares of CommerceHub (NASDAQ:CHUBA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,000 shares of the technology company’s stock, valued at approximately $563,000. Mint Tower Capital Management B.V. owned 0.06% of CommerceHub as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. raised its position in shares of CommerceHub by 5.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 55,214 shares of the technology company’s stock worth $1,247,000 after buying an additional 2,906 shares during the period. MetLife Investment Advisors LLC purchased a new position in shares of CommerceHub in the 4th quarter worth $156,000. Wells Fargo & Company MN raised its position in shares of CommerceHub by 19.9% in the 3rd quarter. Wells Fargo & Company MN now owns 55,684 shares of the technology company’s stock worth $1,257,000 after buying an additional 9,237 shares during the period. Bank of New York Mellon Corp raised its position in shares of CommerceHub by 17.5% in the 4th quarter. Bank of New York Mellon Corp now owns 69,788 shares of the technology company’s stock worth $1,534,000 after buying an additional 10,402 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in shares of CommerceHub in the 1st quarter worth $297,000. 25.76% of the stock is currently owned by institutional investors.

CHUBA has been the topic of several research reports. Zacks Investment Research raised CommerceHub from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. BidaskClub lowered CommerceHub from a “hold” rating to a “sell” rating in a research report on Saturday, May 12th. DA Davidson lowered CommerceHub from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research report on Wednesday, March 7th. ValuEngine raised CommerceHub from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, First Analysis lowered CommerceHub from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $26.17.

Shares of CommerceHub opened at $22.72 on Friday, according to Marketbeat. CommerceHub has a 12-month low of $22.72 and a 12-month high of $22.74. The firm has a market capitalization of $988.43 million, a P/E ratio of 55.42, a P/E/G ratio of 3.24 and a beta of -0.68.

CommerceHub (NASDAQ:CHUBA) last announced its quarterly earnings results on Tuesday, May 8th. The technology company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. CommerceHub had a return on equity of 37.92% and a net margin of 6.73%. The firm had revenue of $26.26 million during the quarter, compared to the consensus estimate of $26.99 million. equities analysts anticipate that CommerceHub will post 0.53 earnings per share for the current year.

About CommerceHub

CommerceHub, Inc, together with its subsidiaries, provides cloud-based e-commerce fulfillment and marketing solutions for large retailers, consumer brands, and marketplaces primarily in the United States and Canada. The company provides assortment expansion solutions, which enable its retailer customers to communicate electronically with their drop-ship suppliers; and demand channel solutions that allow sellers to upload their entire product catalog to platform and then transform and syndicate that product catalog to a range of e-commerce demand channels to facilitate consumer demand generation.

Institutional Ownership by Quarter for CommerceHub (NASDAQ:CHUBA)

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