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

Commerce.com, Inc. (NASDAQ:CMRC) has been assigned an average rating of “Reduce” from the seven brokerages that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $7.30.

Several equities analysts have recently weighed in on CMRC shares. Morgan Stanley downgraded shares of Commerce.com from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $6.50 to $4.00 in a research note on Tuesday, January 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a report on Wednesday, January 21st. Barclays cut their target price on shares of Commerce.com from $5.00 to $3.00 and set an “underweight” rating on the stock in a research note on Monday, January 12th. Wall Street Zen cut shares of Commerce.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 24th. Finally, Zacks Research downgraded Commerce.com from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 22nd.

Commerce.com Stock Up 0.7%

Commerce.com stock opened at $2.97 on Friday. Commerce.com has a 52 week low of $2.78 and a 52 week high of $7.50. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 3.67. The business’s 50-day moving average price is $3.95 and its 200 day moving average price is $4.46. The firm has a market cap of $241.34 million, a price-to-earnings ratio of -18.56 and a beta of 1.15.

Commerce.com (NASDAQ:CMRC) last announced its earnings results on Thursday, November 6th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.16. The business had revenue of $86.03 million during the quarter. Commerce.com had a negative return on equity of 6.66% and a negative net margin of 3.93%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 earnings per share.

Institutional Trading of Commerce.com

Several hedge funds and other institutional investors have recently made changes to their positions in CMRC. CWM LLC boosted its stake in shares of Commerce.com by 63.4% in the second quarter. CWM LLC now owns 20,399 shares of the company’s stock valued at $102,000 after buying an additional 7,917 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Commerce.com by 15.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,826 shares of the company’s stock worth $483,000 after purchasing an additional 11,509 shares during the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of Commerce.com in the 4th quarter worth about $50,000. ProShare Advisors LLC acquired a new position in Commerce.com during the fourth quarter worth about $50,000. Finally, HighTower Advisors LLC acquired a new position in Commerce.com during the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.

About Commerce.com

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.