Commerce.com, Inc. (NASDAQ:CMRC) Given Consensus Rating of “Reduce” by Analysts

Shares of Commerce.com, Inc. (NASDAQ:CMRC) have earned a consensus recommendation of “Reduce” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $4.20.

Several brokerages have recently weighed in on CMRC. Canaccord Genuity Group reissued a “hold” rating and issued a $3.00 target price (down from $6.00) on shares of Commerce.com in a research note on Friday. UBS Group reaffirmed a “neutral” rating and set a $3.50 price target on shares of Commerce.com in a research note on Tuesday, July 21st. Barclays upped their price target on shares of Commerce.com from $2.00 to $3.00 and gave the company an “underweight” rating in a report on Monday, May 11th. Zacks Research lowered shares of Commerce.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Commerce.com in a research note on Friday, July 17th.

Commerce.com Stock Down 4.3%

NASDAQ CMRC opened at $2.22 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 3.26. The company has a fifty day moving average of $2.93 and a two-hundred day moving average of $2.91. The firm has a market capitalization of $183.17 million, a price-to-earnings ratio of -31.71 and a beta of 1.14. Commerce.com has a 52 week low of $1.95 and a 52 week high of $5.55.

Institutional Investors Weigh In On Commerce.com

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pale Fire Capital SE boosted its holdings in Commerce.com by 294.2% during the 1st quarter. Pale Fire Capital SE now owns 2,952,094 shares of the company’s stock valued at $7,882,000 after acquiring an additional 2,203,169 shares during the period. Geode Capital Management LLC purchased a new stake in Commerce.com in the fourth quarter worth $6,605,000. Marshall Wace LLP bought a new stake in shares of Commerce.com during the fourth quarter worth $6,188,000. State Street Corp bought a new stake in shares of Commerce.com during the fourth quarter worth $5,867,000. Finally, Potrero Capital Research LLC bought a new stake in shares of Commerce.com during the fourth quarter worth $5,831,000. 79.21% of the stock is currently 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.