Barclays Lowers Commerce.com (NASDAQ:CMRC) Price Target to $2.00

Commerce.com (NASDAQ:CMRC) had its price objective lowered by Barclays from $3.00 to $2.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s price target would suggest a potential downside of 4.53% from the company’s current price.

Other analysts have also recently issued reports about the stock. UBS Group restated a “neutral” rating and set a $3.50 target price on shares of Commerce.com in a research report on Tuesday, July 21st. Wall Street Zen downgraded Commerce.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $3.00 price objective (down from $6.00) on shares of Commerce.com in a research note on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $7.50 target price on shares of Commerce.com in a report on Thursday, April 30th. Finally, Zacks Research downgraded shares of Commerce.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Commerce.com presently has a consensus rating of “Reduce” and a consensus target price of $4.17.

Commerce.com Price Performance

CMRC stock traded down $0.01 during trading on Tuesday, hitting $2.10. 190,509 shares of the company’s stock traded hands, compared to its average volume of 889,509. Commerce.com has a 52 week low of $1.95 and a 52 week high of $5.55. The stock has a market capitalization of $172.86 million, a price-to-earnings ratio of -29.92 and a beta of 1.13. The business has a fifty day simple moving average of $2.91 and a 200 day simple moving average of $2.89. The company has a debt-to-equity ratio of 2.95, a quick ratio of 2.03 and a current ratio of 2.03.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP purchased a new position in Commerce.com during the 4th quarter worth $27,000. New York State Common Retirement Fund purchased a new stake in shares of Commerce.com in the 4th quarter worth $35,000. Williams & Novak LLC bought a new position in shares of Commerce.com during the 2nd quarter worth $38,000. T3 Companies LLC purchased a new position in shares of Commerce.com during the fourth quarter valued at $41,000. Finally, Avondale Wealth Management purchased a new position in shares of Commerce.com during the fourth quarter valued at $41,000. 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.