CommerceHub (CHUBK) Rating Increased to Sell at BidaskClub

CommerceHub (NASDAQ:CHUBK) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

CommerceHub (NASDAQ CHUBK) opened at $19.72 on Wednesday. CommerceHub has a 12-month low of $14.85 and a 12-month high of $22.50. The stock has a market capitalization of $839.88, a P/E ratio of 64.63 and a beta of -0.84.

Institutional investors have recently made changes to their positions in the business. Strs Ohio bought a new stake in CommerceHub during the 4th quarter valued at $127,000. Teacher Retirement System of Texas bought a new stake in shares of CommerceHub in the 4th quarter worth $205,000. Yakira Capital Management Inc. bought a new stake in shares of CommerceHub in the 4th quarter worth $213,000. PEAK6 Investments L.P. raised its stake in shares of CommerceHub by 27.3% in the 3rd quarter. PEAK6 Investments L.P. now owns 11,914 shares of the company’s stock worth $254,000 after buying an additional 2,558 shares in the last quarter. Finally, Brown Advisory Inc. bought a new stake in shares of CommerceHub in the 3rd quarter worth $294,000. 50.36% of the stock is currently owned by hedge funds and other institutional investors.

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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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