Commerce.com, Inc. (NASDAQ:CMRC) Receives Average Recommendation of “Hold” from Brokerages

Commerce.com, Inc. (NASDAQ:CMRC) has received an average rating of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $4.70.

Several equities research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Commerce.com in a research report on Monday, April 20th. Barclays boosted their target price 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. Zacks Research upgraded shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Wall Street Zen upgraded Commerce.com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Needham & Company LLC reissued a “buy” rating and set a $7.50 price objective on shares of Commerce.com in a research note on Thursday, April 30th.

Hedge Funds Weigh In On Commerce.com

Several hedge funds have recently added to or reduced their stakes in CMRC. Segall Bryant & Hamill LLC bought a new stake in Commerce.com in the first quarter worth about $926,000. Royal Bank of Canada raised its holdings in shares of Commerce.com by 17.0% in the first quarter. Royal Bank of Canada now owns 111,484 shares of the company’s stock worth $298,000 after buying an additional 16,213 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Commerce.com by 5.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,252,100 shares of the company’s stock worth $3,343,000 after acquiring an additional 63,400 shares during the last quarter. Pale Fire Capital SE lifted its stake 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 worth $7,882,000 after acquiring an additional 2,203,169 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Commerce.com by 418.1% during the 1st quarter. Sei Investments Co. now owns 53,469 shares of the company’s stock valued at $143,000 after acquiring an additional 43,148 shares during the period. 79.21% of the stock is currently owned by institutional investors.

Commerce.com Stock Up 0.3%

Shares of CMRC opened at $3.19 on Wednesday. The stock has a market capitalization of $263.21 million, a price-to-earnings ratio of -17.72 and a beta of 1.15. Commerce.com has a 1 year low of $2.41 and a 1 year high of $5.55. The business’s 50 day simple moving average is $2.91 and its 200-day simple moving average is $3.09. 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 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.