Commerce.com (NASDAQ:CMRC) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Commerce.com (NASDAQ:CMRC) from a strong-buy rating to a buy rating in a research report report published on Saturday.

Several other equities analysts also recently commented on CMRC. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a report on Wednesday, January 21st. Zacks Research upgraded Commerce.com from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 5th. Morgan Stanley downgraded Commerce.com from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $6.50 to $4.00 in a report on Tuesday, January 20th. Finally, Barclays decreased their price target on Commerce.com from $5.00 to $3.00 and set an “underweight” rating for the company in a research note on Monday, January 12th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $7.30.

Commerce.com Stock Performance

Shares of CMRC opened at $3.27 on Friday. The stock has a market capitalization of $265.72 million, a PE ratio of -20.44 and a beta of 1.09. The company’s fifty day moving average is $4.21 and its 200 day moving average is $4.58. The company has a debt-to-equity ratio of 3.67, a quick ratio of 2.14 and a current ratio of 2.14. Commerce.com has a fifty-two week low of $3.24 and a fifty-two week high of $7.50.

Commerce.com (NASDAQ:CMRC) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.16. The business had revenue of $86.03 million during the quarter. Commerce.com had a negative net margin of 3.93% and a negative return on equity of 6.66%. Commerce.com’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 EPS.

Hedge Funds Weigh In On Commerce.com

A number of hedge funds and other institutional investors have recently made changes to their positions in CMRC. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Commerce.com during the second quarter valued at $76,000. CWM LLC purchased a new stake in Commerce.com in the fourth quarter worth about $159,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Commerce.com by 15.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,826 shares of the company’s stock worth $483,000 after acquiring an additional 11,509 shares in the last quarter. AQR Capital Management LLC increased its position in Commerce.com by 2,028.0% during the 1st quarter. AQR Capital Management LLC now owns 278,583 shares of the company’s stock valued at $1,605,000 after purchasing an additional 265,492 shares during the period. Finally, Pallas Capital Advisors LLC purchased a new position in Commerce.com during the 4th quarter valued at about $50,000. Institutional investors own 79.21% of the company’s stock.

Commerce.com Company Profile

BigCommerce Holdings, Inc operates a software-as-a-service platform for small businesses, mid-markets, and large enterprises in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and internationally. The company’s platform provides various services for launching and scaling e-commerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integrations. As of December 31, 2021, it served approximately 60,000 online stores across industries.