Brokerages Set Commerce.com, Inc. (NASDAQ:CMRC) Price Target at $5.58

Commerce.com, Inc. (NASDAQ:CMRC) has received an average rating of “Reduce” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $5.5833.

CMRC has been the topic of several research analyst reports. Zacks Research lowered Commerce.com from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 22nd. UBS Group set a $3.00 price objective on Commerce.com in a research note on Friday, February 13th. Barclays reduced their price objective on Commerce.com from $3.00 to $2.00 and set an “underweight” rating for the company in a report on Tuesday, February 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a research report on Wednesday, January 21st. Finally, Canaccord Genuity Group lowered their target price on Commerce.com from $11.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, February 13th.

Commerce.com Price Performance

CMRC stock opened at $2.72 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 3.89. The company’s 50-day moving average price is $2.85 and its 200 day moving average price is $3.94. Commerce.com has a 52 week low of $2.41 and a 52 week high of $5.76. The company has a market cap of $223.58 million, a P/E ratio of -11.83, a P/E/G ratio of 0.95 and a beta of 1.16.

Insider Activity

In other Commerce.com news, insider Ellen F. Siminoff purchased 100,000 shares of Commerce.com stock in a transaction on Tuesday, February 17th. The shares were bought at an average price of $2.94 per share, with a total value of $294,000.00. Following the completion of the acquisition, the insider directly owned 353,333 shares of the company’s stock, valued at approximately $1,038,799.02. This trade represents a 39.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.06% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC acquired a new stake in Commerce.com during the 4th quarter valued at $6,605,000. Marshall Wace LLP acquired a new position in shares of Commerce.com in the fourth quarter worth $6,188,000. State Street Corp acquired a new position in shares of Commerce.com in the fourth quarter worth $5,867,000. Potrero Capital Research LLC purchased a new stake in shares of Commerce.com in the fourth quarter valued at $5,831,000. Finally, M&T Bank Corp purchased a new stake in shares of Commerce.com in the fourth quarter valued at $5,679,000. 79.21% of the stock is currently owned by institutional investors and hedge funds.

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.