Commerce.com (NASDAQ:CMRC) Raised to Strong-Buy at Zacks Research

Commerce.com (NASDAQ:CMRC) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday, Zacks reports.

A number of other equities analysts have also commented on CMRC. Barclays cut their price objective on shares of Commerce.com from $3.00 to $2.00 and set an “underweight” rating on the stock in a report on Tuesday, August 11th. Wall Street Zen downgraded Commerce.com from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. UBS Group reaffirmed a “neutral” rating and set a $3.50 target price on shares of Commerce.com in a research report on Tuesday, July 21st. Canaccord Genuity Group reissued a “hold” rating and set a $3.00 price target (down from $6.00) on shares of Commerce.com in a research report on Friday, August 7th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.17.

Commerce.com Price Performance

Shares of CMRC stock opened at $3.21 on Monday. The company has a market capitalization of $265.98 million, a PE ratio of -45.85 and a beta of 1.05. The firm has a fifty day simple moving average of $2.80 and a 200-day simple moving average of $2.85. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 2.95. Commerce.com has a twelve month low of $1.95 and a twelve month high of $5.55.

Hedge Funds Weigh In On Commerce.com

A number of hedge funds have recently added to or reduced their stakes in the business. Pale Fire Capital SE grew its position in shares of 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 buying an additional 2,203,169 shares during the last quarter. S Squared Technology LLC acquired a new stake in shares of Commerce.com during the 4th quarter worth approximately $4,976,000. Segall Bryant & Hamill LLC acquired a new position in Commerce.com during the 1st quarter valued at approximately $926,000. Needham Investment Management LLC bought a new position in Commerce.com during the 4th quarter worth $1,164,000. Finally, Bank of New York Mellon Corp bought a new stake in Commerce.com in the second quarter valued at $689,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

Commerce.com Company Profile

Commerce.com, Inc is a commerce technology company that provides software designed to help businesses build, operate and expand digital commerce experiences. Its platform is intended to support online selling across branded websites and other digital channels.

The company’s offerings include tools for creating and managing digital storefronts, product catalogs, shopping carts, checkout processes and customer interactions. Commerce.com also provides capabilities that help businesses manage orders and commerce operations, with an emphasis on supporting flexible and integrated digital experiences.

Commerce.com serves businesses seeking technology for direct-to-consumer, business-to-business and other online commerce models.