Commerce.com, Inc. (NASDAQ:CMRC) Receives Consensus Recommendation of “Reduce” from Analysts

Commerce.com, Inc. (NASDAQ:CMRC) has received a consensus rating of “Reduce” from the seven research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $5.5833.

A number of brokerages recently issued reports on CMRC. Weiss Ratings reissued a “sell (e+)” rating on shares of Commerce.com in a research note on Wednesday, January 21st. Canaccord Genuity Group reduced their target price on Commerce.com from $11.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Barclays decreased their price target on Commerce.com from $3.00 to $2.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 17th. Zacks Research downgraded Commerce.com from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, UBS Group set a $3.00 target price on shares of Commerce.com in a report on Friday, February 13th.

Commerce.com Price Performance

CMRC stock opened at $3.01 on Thursday. The company’s 50-day moving average price is $3.38 and its two-hundred day moving average price is $4.23. The firm has a market cap of $244.59 million, a P/E ratio of -13.09, a P/E/G ratio of 1.04 and a beta of 1.19. The company has a quick ratio of 2.14, a current ratio of 1.98 and a debt-to-equity ratio of 3.89. Commerce.com has a 12 month low of $2.41 and a 12 month high of $6.83.

Insider Activity

In other Commerce.com news, insider Ellen F. Siminoff purchased 100,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was purchased at an average price of $2.94 per share, with a total value of $294,000.00. Following the completion of the purchase, the insider owned 353,333 shares of the company’s stock, valued at approximately $1,038,799.02. The trade was a 39.47% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 9.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Commerce.com

Several large investors have recently modified their holdings of CMRC. Geode Capital Management LLC acquired a new stake in Commerce.com during the fourth quarter worth approximately $6,605,000. Marshall Wace LLP acquired a new stake in shares of Commerce.com during the 4th quarter worth approximately $6,188,000. State Street Corp acquired a new stake in shares of Commerce.com during the 4th quarter worth approximately $5,867,000. Potrero Capital Research LLC bought a new stake in shares of Commerce.com in the 4th quarter valued at $5,831,000. Finally, M&T Bank Corp bought a new stake in shares of Commerce.com in the 4th quarter valued at $5,679,000. 79.21% of the stock is currently owned by institutional investors and hedge funds.

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.