Commerce.com, Inc. (NASDAQ:CMRC) Receives $7.90 Consensus Price Target from Analysts

Shares of Commerce.com, Inc. (NASDAQ:CMRC) have been given an average recommendation of “Hold” by the seven brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $7.90.

Several equities research analysts recently weighed in on CMRC shares. Zacks Research raised Commerce.com from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Wall Street Zen upgraded shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 9th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Commerce.com in a report on Wednesday, October 8th. Finally, Barclays cut their price target on shares of Commerce.com from $5.00 to $3.00 and set an “underweight” rating for the company in a report on Monday, January 12th.

Institutional Trading of Commerce.com

A number of institutional investors have recently modified their holdings of the business. AQR Capital Management LLC raised its position in Commerce.com by 2,028.0% in the first quarter. AQR Capital Management LLC now owns 278,583 shares of the company’s stock worth $1,605,000 after acquiring an additional 265,492 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Commerce.com during the 2nd quarter worth $76,000. Pallas Capital Advisors LLC purchased a new position in shares of Commerce.com in the 4th quarter valued at about $50,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Commerce.com by 15.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,826 shares of the company’s stock valued at $483,000 after purchasing an additional 11,509 shares during the period. Finally, CWM LLC lifted 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 purchasing an additional 7,917 shares during the period. 79.21% of the stock is currently owned by hedge funds and other institutional investors.

Commerce.com Stock Performance

NASDAQ CMRC opened at $3.73 on Wednesday. The firm has a market cap of $303.10 million, a P/E ratio of -23.31 and a beta of 1.09. Commerce.com has a 52-week low of $3.72 and a 52-week high of $7.50. The business’s 50-day moving average price is $4.40 and its 200 day moving average price is $4.65. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 3.67.

Commerce.com (NASDAQ:CMRC) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.16. Commerce.com had a negative return on equity of 6.66% and a negative net margin of 3.93%.The firm had revenue of $86.03 million during the quarter. During the same period in the prior year, the company earned $0.06 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis.

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.