Commerce.com (NASDAQ:CMRC) Rating Lowered to “Hold” at Zacks Research

Commerce.com (NASDAQ:CMRC) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a research report on Monday, April 20th. Needham & Company LLC reissued a “buy” rating and set a $7.50 price target on shares of Commerce.com in a research note on Thursday, April 30th. Barclays lifted their price target on Commerce.com from $2.00 to $3.00 and gave the stock an “underweight” rating in a research note on Monday, May 11th. Finally, Wall Street Zen upgraded shares of Commerce.com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $4.70.

Commerce.com Stock Up 0.3%

Commerce.com stock opened at $3.19 on Monday. Commerce.com has a twelve month low of $2.41 and a twelve month high of $5.55. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 3.26. The stock has a 50 day moving average of $2.91 and a two-hundred day moving average of $3.09. The stock has a market capitalization of $263.21 million, a price-to-earnings ratio of -17.72 and a beta of 1.15.

Institutional Trading of Commerce.com

Institutional investors have recently made changes to their positions in the stock. M&T Bank Corp purchased a new position in shares of Commerce.com in the 4th quarter worth about $5,679,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in Commerce.com during the 4th quarter worth $762,000. Needham Investment Management LLC purchased a new stake in Commerce.com during the 4th quarter worth $1,164,000. S Squared Technology LLC acquired a new stake in Commerce.com in the 4th quarter valued at $4,976,000. Finally, CenterBook Partners LP acquired a new stake in Commerce.com in the 4th quarter valued at $3,617,000. 79.21% of the stock is owned by hedge funds and other institutional investors.

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.