Analysts Set Commerce.com, Inc. (NASDAQ:CMRC) Price Target at $7.30

Shares of Commerce.com, Inc. (NASDAQ:CMRC) have been given an average rating of “Reduce” by the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $7.30.

CMRC has been the topic of a number of recent analyst reports. Barclays decreased their target price on Commerce.com from $5.00 to $3.00 and set an “underweight” rating on the stock in a research report on Monday, January 12th. Wall Street Zen cut shares of Commerce.com from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 24th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Commerce.com in a report on Wednesday, January 21st. Zacks Research lowered Commerce.com from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Finally, Morgan Stanley cut Commerce.com from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $6.50 to $4.00 in a report on Tuesday, January 20th.

Commerce.com Stock Performance

CMRC opened at $3.03 on Friday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a market cap of $246.23 million, a P/E ratio of -18.94 and a beta of 1.15. The business’s fifty day moving average is $3.89 and its 200-day moving average is $4.43. Commerce.com has a 52-week low of $2.78 and a 52-week high of $7.50.

Hedge Funds Weigh In On Commerce.com

A number of hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC acquired a new stake in Commerce.com during the 4th quarter worth about $6,605,000. M&T Bank Corp bought a new stake in Commerce.com in the fourth quarter worth approximately $5,679,000. P.A.W. Capital Corp bought a new stake in Commerce.com in the fourth quarter worth approximately $2,472,000. Goldman Sachs Group Inc. acquired a new position in Commerce.com in the fourth quarter valued at approximately $1,206,000. Finally, AQR Capital Management LLC boosted its holdings in shares of Commerce.com by 2,028.0% during the 1st quarter. AQR Capital Management LLC now owns 278,583 shares of the company’s stock worth $1,605,000 after buying an additional 265,492 shares in the last quarter. 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.