CommerceHub, Inc. (NASDAQ:CHUBA) – Analysts at DA Davidson boosted their Q4 2017 EPS estimates for CommerceHub in a report released on Thursday. DA Davidson analyst T. Forte now forecasts that the technology company will post earnings of $0.26 per share for the quarter, up from their previous estimate of $0.25. DA Davidson has a “Buy” rating and a $27.00 price target on the stock. DA Davidson also issued estimates for CommerceHub’s FY2019 earnings at $0.73 EPS, FY2020 earnings at $0.84 EPS and FY2021 earnings at $0.94 EPS.
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Several other analysts have also recently commented on the stock. First Analysis assumed coverage on shares of CommerceHub in a research report on Friday, August 25th. They set an “overweight” rating and a $25.00 target price for the company. Dougherty & Co assumed coverage on shares of CommerceHub in a report on Tuesday, October 31st. They issued a “buy” rating and a $27.00 price target for the company. Zacks Investment Research raised shares of CommerceHub from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Monday, August 7th. Finally, Wedbush reissued an “outperform” rating and issued a $26.00 price target (up previously from $22.00) on shares of CommerceHub in a report on Monday, October 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $25.40.
Shares of CommerceHub (NASDAQ CHUBA) opened at $20.94 on Monday. The company has a market cap of $905.59 and a price-to-earnings ratio of 69.80. CommerceHub has a 1 year low of $13.24 and a 1 year high of $24.53.
Several hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors acquired a new position in CommerceHub in the 2nd quarter worth $137,000. First Quadrant L P CA acquired a new position in CommerceHub in the 2nd quarter worth $154,000. Hosking Partners LLP acquired a new position in CommerceHub in the 3rd quarter worth $217,000. Diligent Investors LLC acquired a new position in CommerceHub in the 3rd quarter worth $223,000. Finally, Trexquant Investment LP acquired a new position in CommerceHub in the 2nd quarter worth $207,000. 25.70% of the stock is owned by institutional investors.
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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