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

Shares of Commerce.com, Inc. (NASDAQ:CMRC) have earned an average recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $4.70.

Several analysts have commented on the stock. Canaccord Genuity Group lowered their price objective on shares of Commerce.com from $11.00 to $6.00 and set a “buy” rating for the company in a report on Friday, February 13th. Wall Street Zen upgraded shares of Commerce.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. UBS Group set a $3.00 price objective on shares of Commerce.com in a report on Friday, February 13th. Zacks Research upgraded shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, Barclays raised their price objective on shares of Commerce.com from $2.00 to $3.00 and gave the stock an “underweight” rating in a report on Monday, May 11th.

Institutional Trading of Commerce.com

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC purchased a new stake in Commerce.com in the first quarter worth about $926,000. Royal Bank of Canada increased its stake in shares of Commerce.com by 17.0% during the first quarter. Royal Bank of Canada now owns 111,484 shares of the company’s stock valued at $298,000 after purchasing an additional 16,213 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Commerce.com by 5.3% during the first quarter. Renaissance Technologies LLC now owns 1,252,100 shares of the company’s stock valued at $3,343,000 after purchasing an additional 63,400 shares in the last quarter. Pale Fire Capital SE increased its stake in shares of Commerce.com by 294.2% during the first quarter. Pale Fire Capital SE now owns 2,952,094 shares of the company’s stock valued at $7,882,000 after purchasing an additional 2,203,169 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of Commerce.com by 418.1% during the first quarter. Sei Investments Co. now owns 53,469 shares of the company’s stock valued at $143,000 after purchasing an additional 43,148 shares in the last quarter. 79.21% of the stock is currently owned by hedge funds and other institutional investors.

Commerce.com Stock Performance

Shares of CMRC opened at $2.70 on Friday. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.98 and a quick ratio of 1.98. Commerce.com has a one year low of $2.41 and a one year high of $5.55. The company has a 50-day simple moving average of $2.87 and a two-hundred day simple moving average of $3.29. The firm has a market capitalization of $222.78 million, a PE ratio of -15.00 and a beta of 1.17.

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.