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

Shares of Commerce.com, Inc. (NASDAQ:CMRC) have earned an average rating of “Reduce” from the seven research firms that are currently covering the firm, MarketBeat reports. Three equities research 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 1 year price target among brokerages that have issued ratings on the stock in the last year is $5.5833.

CMRC has been the topic of several recent research reports. UBS Group set a $3.00 target price on Commerce.com in a report on Friday, February 13th. Wall Street Zen downgraded Commerce.com from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Canaccord Genuity Group cut their price objective on Commerce.com from $11.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Morgan Stanley lowered Commerce.com from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $6.50 to $4.00 in a report on Tuesday, January 20th. Finally, Zacks Research cut Commerce.com from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 22nd.

Commerce.com Price Performance

Commerce.com stock opened at $2.72 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 3.89. Commerce.com has a 1-year low of $2.41 and a 1-year high of $5.76. The firm’s fifty day simple moving average is $2.85 and its 200-day simple moving average is $3.93. The company has a market capitalization of $223.58 million, a P/E ratio of -11.83, a P/E/G ratio of 0.95 and a beta of 1.16.

Insider Buying and Selling at Commerce.com

In other news, insider Ellen F. Siminoff acquired 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was acquired at an average cost of $2.94 per share, with a total value of $294,000.00. Following the acquisition, the insider owned 353,333 shares in the company, valued at approximately $1,038,799.02. This represents a 39.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.06% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC bought a new stake in Commerce.com during the fourth quarter valued at about $6,605,000. Marshall Wace LLP bought a new position in shares of Commerce.com in the fourth quarter worth about $6,188,000. State Street Corp bought a new position in shares of Commerce.com in the fourth quarter worth about $5,867,000. Potrero Capital Research LLC acquired a new position in shares of Commerce.com during the 4th quarter worth about $5,831,000. Finally, M&T Bank Corp acquired a new position in shares of Commerce.com during the 4th quarter worth about $5,679,000. Institutional investors own 79.21% of the company’s stock.

About Commerce.com

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.