CommerceHub Inc (CHUBA) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

CommerceHub Inc (NASDAQ:CHUBA) issued its quarterly earnings data on Monday. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $24.57 million during the quarter, compared to analyst estimates of $24.63 million.

Shares of CommerceHub (NASDAQ:CHUBA) traded up 2.03% during midday trading on Friday, hitting $17.09. 162,426 shares of the company were exchanged. The stock has a market cap of $737.38 million and a PE ratio of 54.25. The stock’s 50-day moving average is $15.79 and its 200-day moving average is $15.39. CommerceHub has a one year low of $11.91 and a one year high of $17.34.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of CommerceHub from a “buy” rating to a “hold” rating in a research note on Tuesday. Wedbush restated an “outperform” rating and issued a $22.00 target price on shares of CommerceHub in a research note on Friday, March 24th.

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About CommerceHub

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.

5 Day Chart for NASDAQ:CHUBA

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