Gamco Investors INC. ET AL reduced its position in shares of CommerceHub Inc (NASDAQ:CHUBA) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in CHUBA. Acadian Asset Management LLC purchased a new position in CommerceHub in the 4th quarter worth approximately $847,000. Schwab Charles Investment Management Inc. raised its holdings in CommerceHub by 8.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 59,849 shares of the technology company’s stock valued at $1,317,000 after buying an additional 4,635 shares during the period. Mesirow Financial Investment Management Inc. purchased a new stake in CommerceHub during the 4th quarter valued at $495,000. Atlantic Trust Group LLC bought a new position in CommerceHub in the 3rd quarter valued at $2,035,000. Finally, Neuberger Berman Group LLC bought a new position in CommerceHub in the 3rd quarter valued at $11,072,000. Institutional investors and hedge funds own 27.00% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded CommerceHub from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Oppenheimer initiated coverage on CommerceHub in a research report on Saturday, December 30th. They set a “market perform” rating on the stock. BidaskClub cut CommerceHub from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Northland Securities initiated coverage on CommerceHub in a research note on Thursday, December 28th. They issued an “outperform” rating and a $28.00 price target for the company. Finally, Dougherty & Co initiated coverage on CommerceHub in a research note on Tuesday, October 31st. They issued a “buy” rating and a $27.00 price objective for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.17.
Shares of CommerceHub Inc (CHUBA) traded up $0.39 during trading on Monday, reaching $19.87. The company had a trading volume of 147,500 shares, compared to its average volume of 158,994. CommerceHub Inc has a 52-week low of $14.94 and a 52-week high of $24.53. The stock has a market capitalization of $860.67, a P/E ratio of 70.96, a price-to-earnings-growth ratio of 2.68 and a beta of -1.16.
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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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