Commerce.com (NASDAQ:CMRC) Raised to Strong-Buy at Zacks Research

Commerce.com (NASDAQ:CMRC) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other brokerages also recently issued reports on CMRC. Needham & Company LLC reiterated a “buy” rating and issued a $7.50 target price on shares of Commerce.com in a research note on Thursday, April 30th. Canaccord Genuity Group dropped their target price on shares of Commerce.com from $11.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. UBS Group set a $3.00 target price on shares of Commerce.com in a research note on Friday, February 13th. Barclays upped their target price on shares of Commerce.com from $2.00 to $3.00 and gave the stock an “underweight” rating in a research note on Monday, May 11th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $4.70.

Commerce.com Trading Up 1.0%

Shares of NASDAQ CMRC opened at $2.94 on Tuesday. The firm’s 50 day moving average price is $2.81 and its 200-day moving average price is $3.44. The company has a market cap of $242.58 million, a PE ratio of -16.33 and a beta of 1.14. Commerce.com has a 52-week low of $2.41 and a 52-week high of $5.55. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.98 and a current ratio of 1.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMRC. Quarry LP bought a new position in Commerce.com during the fourth quarter valued at approximately $27,000. New York State Common Retirement Fund bought a new position in Commerce.com during the fourth quarter valued at approximately $35,000. T3 Companies LLC bought a new position in Commerce.com during the fourth quarter valued at approximately $41,000. Avondale Wealth Management bought a new position in Commerce.com during the fourth quarter valued at approximately $41,000. Finally, R Squared Ltd bought a new position in Commerce.com during the first quarter valued at approximately $45,000. 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.