CommerceHub (NASDAQ:CHUBA) had its target price cut by research analysts at DA Davidson to $23.00 in a research report issued on Friday, March 2nd. The brokerage presently has a “buy” rating on the technology company’s stock. DA Davidson’s target price points to a potential upside of 2.27% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut CommerceHub from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. CIBC started coverage on CommerceHub in a report on Friday, December 22nd. They issued a “market perform” rating on the stock. Oppenheimer started coverage on CommerceHub in a report on Friday, December 22nd. They issued a “market perform” rating on the stock. BidaskClub cut CommerceHub from a “hold” rating to a “sell” rating in a report on Friday, January 19th. Finally, Northland Securities started coverage on shares of CommerceHub in a research note on Thursday, December 28th. They issued an “outperform” rating and a $28.00 target price on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $26.17.
Shares of CommerceHub (CHUBA) traded down $0.07 on Friday, reaching $22.49. The company’s stock had a trading volume of 663,133 shares, compared to its average volume of 431,151. CommerceHub has a 12 month low of $14.94 and a 12 month high of $24.53. The firm has a market cap of $980.60, a P/E ratio of 102.23, a P/E/G ratio of 3.21 and a beta of -0.17.
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.
Receive News & Ratings for CommerceHub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommerceHub and related companies with MarketBeat.com's FREE daily email newsletter.