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

Commerce.com, Inc. (NASDAQ:CMRC) has earned an average recommendation of “Reduce” from the seven ratings firms that are presently covering the company, MarketBeat 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 1-year target price among brokerages that have issued a report on the stock in the last year is $5.5833.

CMRC has been the topic of a number of recent research reports. Canaccord Genuity Group cut their price target on shares of Commerce.com from $11.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Morgan Stanley lowered Commerce.com from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $6.50 to $4.00 in a research report on Tuesday, January 20th. Barclays cut their target price on Commerce.com from $3.00 to $2.00 and set an “underweight” rating on the stock in a report on Tuesday, February 17th. Zacks Research lowered Commerce.com from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Commerce.com in a research note on Wednesday, January 21st.

Insider Buying and Selling

In other news, insider Ellen F. Siminoff bought 100,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was acquired at an average price of $2.94 per share, with a total value of $294,000.00. Following the transaction, the insider owned 353,333 shares of the company’s stock, valued at $1,038,799.02. This trade represents a 39.47% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 9.06% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Engineers Gate Manager LP acquired a new stake in shares of Commerce.com during the fourth quarter worth $50,000. Avondale Wealth Management acquired a new position in Commerce.com in the fourth quarter valued at $41,000. New York State Common Retirement Fund bought a new stake in Commerce.com during the fourth quarter valued at $35,000. Quarry LP bought a new stake in Commerce.com during the fourth quarter valued at $27,000. Finally, Needham Investment Management LLC acquired a new stake in Commerce.com during the 4th quarter worth about $1,164,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

Commerce.com Stock Performance

CMRC opened at $2.47 on Monday. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.98 and a quick ratio of 1.98. Commerce.com has a fifty-two week low of $2.41 and a fifty-two week high of $6.01. The company’s 50 day moving average price is $2.92 and its two-hundred day moving average price is $4.00. The firm has a market capitalization of $203.03 million, a price-to-earnings ratio of -10.74, a PEG ratio of 0.87 and a beta of 1.19.

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.