CommerceHub, Inc. (NASDAQ:CHUBA) – Wedbush lifted their FY2017 EPS estimates for CommerceHub in a research report issued on Thursday. Wedbush analyst A. Turner now anticipates that the technology company will earn $0.36 per share for the year, up from their previous forecast of $0.34. Wedbush also issued estimates for CommerceHub’s Q1 2018 earnings at $0.07 EPS, Q3 2018 earnings at $0.07 EPS and FY2018 earnings at $0.49 EPS.
CommerceHub (NASDAQ:CHUBA) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $25.21 million during the quarter, compared to analysts’ expectations of $25.76 million. CommerceHub had a return on equity of 36.84% and a net margin of 10.81%.
Separately, Zacks Investment Research lowered CommerceHub from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th.
CommerceHub (NASDAQ:CHUBA) opened at 19.73 on Monday. CommerceHub has a 12-month low of $11.91 and a 12-month high of $19.81. The company has a 50 day moving average of $17.60 and a 200-day moving average of $16.35. The stock has a market cap of $852.59 million and a P/E ratio of 75.02.
A number of large investors have recently added to or reduced their stakes in CHUBA. First Quadrant L P CA bought a new stake in CommerceHub during the second quarter valued at approximately $154,000. Trexquant Investment LP bought a new stake in CommerceHub during the second quarter valued at approximately $207,000. Rhumbline Advisers bought a new stake in CommerceHub during the second quarter valued at approximately $294,000. Swift Run Capital Management LLC bought a new stake in CommerceHub during the second quarter valued at approximately $379,000. Finally, Sei Investments Co. bought a new stake in CommerceHub during the second quarter valued at approximately $808,000. Institutional investors and hedge funds own 80.89% of the company’s stock.
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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