Gamco Investors INC. ET AL lessened its stake in CommerceHub Inc (NASDAQ:CHUBA) by 4.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 113,607 shares of the technology company’s stock after selling 5,758 shares during the quarter. Gamco Investors INC. ET AL owned 0.26% of CommerceHub worth $2,498,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its position in shares of CommerceHub by 5.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 55,214 shares of the technology company’s stock worth $1,247,000 after acquiring an additional 2,906 shares in the last quarter. Nationwide Fund Advisors acquired a new stake in shares of CommerceHub during the 2nd quarter worth about $137,000. Wells Fargo & Company MN raised its position in shares of CommerceHub by 19.9% during the 3rd quarter. Wells Fargo & Company MN now owns 55,684 shares of the technology company’s stock worth $1,257,000 after acquiring an additional 9,237 shares in the last quarter. Hosking Partners LLP acquired a new stake in shares of CommerceHub during the 3rd quarter worth about $217,000. Finally, Diligent Investors LLC acquired a new stake in shares of CommerceHub during the 3rd quarter worth about $223,000. Institutional investors and hedge funds own 28.29% of the company’s stock.
Several brokerages have recently weighed in on CHUBA. BidaskClub lowered CommerceHub from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. CIBC began coverage on CommerceHub in a research report on Friday, December 22nd. They set a “market perform” rating on the stock. Zacks Investment Research raised CommerceHub from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, November 14th. Dougherty & Co initiated coverage on CommerceHub in a research report on Tuesday, October 31st. They set a “buy” rating and a $27.00 target price on the stock. Finally, Oppenheimer initiated coverage on CommerceHub in a research report on Friday, December 22nd. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $26.17.
CommerceHub Inc (NASDAQ CHUBA) opened at $18.13 on Monday. The stock has a market capitalization of $785.30, a P/E ratio of 60.43, a PEG ratio of 2.44 and a beta of -1.16. CommerceHub Inc has a twelve month low of $14.94 and a twelve month high of $24.53.
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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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