Wall Street Zen Upgrades Commerce.com (NASDAQ:CMRC) to “Strong-Buy”

Commerce.com (NASDAQ:CMRC) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other research analysts have also recently issued research reports about the stock. UBS Group began coverage on shares of Commerce.com in a research note on Tuesday, July 21st. They set a “neutral” rating and a $3.50 target price on the stock. The Goldman Sachs Group set a $5.00 price target on shares of Commerce.com in a research report on Monday, August 10th. Canaccord Genuity Group cut shares of Commerce.com from a “buy” rating to a “hold” rating and reduced their price target for the stock from $6.00 to $3.00 in a research report on Friday, August 7th. Barclays lowered their target price on Commerce.com from $3.00 to $2.00 and set an “underweight” rating on the stock in a report on Tuesday, August 11th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Commerce.com in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $4.17.

Commerce.com Stock Performance

Shares of CMRC stock opened at $3.29 on Friday. Commerce.com has a 12 month low of $1.95 and a 12 month high of $5.55. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 2.95. The company’s fifty day simple moving average is $3.13 and its 200-day simple moving average is $2.95. The firm has a market cap of $272.61 million, a PE ratio of -46.99 and a beta of 1.09.

Hedge Funds Weigh In On Commerce.com

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Williams & Novak LLC bought a new position in shares of Commerce.com in the second quarter valued at approximately $38,000. R Squared Ltd bought a new stake in shares of Commerce.com during the 1st quarter worth approximately $45,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Commerce.com during the third quarter worth about $57,000. SG Americas Securities LLC acquired a new position in shares of Commerce.com during the first quarter valued at approximately $74,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Commerce.com during the second quarter worth about $101,000. 79.21% of the stock is owned by institutional investors and hedge funds.

About Commerce.com

Commerce.com, Inc is a commerce technology company that provides software designed to help businesses build, operate and manage digital commerce experiences. Its platform is intended to support online selling across customer-facing storefronts and other sales channels, while enabling companies to manage core commerce operations from a unified technology environment.

The company’s offerings are focused on composable and flexible commerce capabilities, including tools for product catalog management, merchandising, shopping experiences, checkout and order management.