CommerceHub Inc (NASDAQ:CHUBA) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 303,282 shares, a decrease of 79.7% from the February 28th total of 1,496,207 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily volume of 1,426,380 shares, the days-to-cover ratio is currently 0.2 days.
A number of equities analysts have weighed in on CHUBA shares. Oppenheimer started coverage on shares of CommerceHub in a research report on Friday, December 22nd. They issued a “market perform” rating for the company. CIBC started coverage on shares of CommerceHub in a research report on Friday, December 22nd. They issued a “market perform” rating for the company. BidaskClub lowered shares of CommerceHub from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Northland Securities started coverage on shares of CommerceHub in a research report on Thursday, December 28th. They issued an “outperform” rating and a $28.00 price target for the company. Finally, Zacks Investment Research lowered shares of CommerceHub from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.17.
NASDAQ:CHUBA opened at $22.50 on Friday. The company has a market capitalization of $978.86, a price-to-earnings ratio of 60.81, a PEG ratio of 3.20 and a beta of -0.17. CommerceHub has a 1-year low of $14.94 and a 1-year high of $24.53.
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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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