Vaughan Nelson Investment Management L.P. lowered its holdings in CommerceHub (NASDAQ:CHUBA) by 5.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 947,215 shares of the technology company’s stock after selling 52,660 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 2.18% of CommerceHub worth $21,313,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Teton Advisors Inc. acquired a new position in shares of CommerceHub during the first quarter valued at $2,588,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of CommerceHub during the first quarter valued at $1,386,000. Gabelli Funds LLC lifted its stake in shares of CommerceHub by 135.5% during the first quarter. Gabelli Funds LLC now owns 71,128 shares of the technology company’s stock valued at $1,600,000 after acquiring an additional 40,930 shares during the period. Chicago Capital Management LLC bought a new stake in CommerceHub in the first quarter valued at about $112,000. Finally, Mint Tower Capital Management B.V. bought a new stake in CommerceHub in the first quarter valued at about $563,000. 26.40% of the stock is currently owned by institutional investors.
CHUBA has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded CommerceHub from a “sell” rating to a “hold” rating in a report on Thursday, March 8th. BidaskClub downgraded CommerceHub from a “hold” rating to a “sell” rating in a report on Saturday, May 12th. DA Davidson downgraded CommerceHub from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a report on Wednesday, March 7th. ValuEngine upgraded CommerceHub from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, First Analysis downgraded CommerceHub from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $26.17.
Shares of CommerceHub opened at $22.73 on Friday, Marketbeat reports. CommerceHub has a 1 year low of $16.43 and a 1 year high of $24.53. The stock has a market capitalization of $992.64 million, a price-to-earnings ratio of 61.43, a price-to-earnings-growth ratio of 3.24 and a beta of -0.68.
CommerceHub (NASDAQ:CHUBA) last announced its quarterly earnings results on Tuesday, May 8th. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. CommerceHub had a return on equity of 37.92% and a net margin of 6.73%. The company had revenue of $26.26 million during the quarter, compared to the consensus estimate of $26.99 million. sell-side analysts predict that CommerceHub will post 0.53 EPS for the current fiscal year.
CommerceHub, Inc, together with its subsidiaries, provides cloud-based e-commerce fulfillment and marketing solutions for large retailers, consumer brands, and marketplaces primarily in the United States and Canada. The company provides assortment expansion solutions, which enable its retailer customers to communicate electronically with their drop-ship suppliers; and demand channel solutions that allow sellers to upload their entire product catalog to platform and then transform and syndicate that product catalog to a range of e-commerce demand channels to facilitate consumer demand generation.
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