Osterweis Capital Management Inc. lifted its stake in CommerceHub Inc (NASDAQ:CHUBA) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 176,102 shares of the technology company’s stock after acquiring an additional 24,655 shares during the quarter. Osterweis Capital Management Inc. owned 0.41% of CommerceHub worth $3,872,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in CHUBA. Nationwide Fund Advisors bought a new position in CommerceHub during the second quarter valued at $137,000. Hosking Partners LLP purchased a new stake in shares of CommerceHub during the third quarter valued at $217,000. Diligent Investors LLC purchased a new stake in shares of CommerceHub during the third quarter valued at $223,000. New York State Common Retirement Fund purchased a new stake in shares of CommerceHub during the second quarter valued at $256,000. Finally, Citadel Advisors LLC purchased a new stake in shares of CommerceHub during the third quarter valued at $270,000. Hedge funds and other institutional investors own 30.37% of the company’s stock.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of CommerceHub from a “buy” rating to a “hold” rating in a report on Friday, December 1st. DA Davidson downgraded shares of CommerceHub from a “buy” rating to a “neutral” rating and set a $27.00 price target on the stock. in a report on Wednesday, March 7th. First Analysis lowered CommerceHub from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 6th. Oppenheimer assumed coverage on CommerceHub in a research report on Friday, December 22nd. They set a “market perform” rating on the stock. Finally, Northland Securities began coverage on CommerceHub in a research report on Thursday, December 28th. They set an “outperform” rating and a $28.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. CommerceHub currently has a consensus rating of “Hold” and a consensus price target of $26.17.
Shares of CommerceHub Inc (NASDAQ CHUBA) traded up $0.01 on Wednesday, hitting $22.53. The stock had a trading volume of 1,030,612 shares, compared to its average volume of 422,926. The stock has a market cap of $972.62 and a PE ratio of 75.03. CommerceHub Inc has a fifty-two week low of $14.94 and a fifty-two week high of $24.53.
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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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