Commerce.com (NASDAQ:CMRC) Stock Rating Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Commerce.com (NASDAQ:CMRC) from a strong-buy rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

Other research analysts have also issued research reports about the company. UBS Group initiated coverage on Commerce.com in a research report on Tuesday, July 21st. They set a “neutral” rating and a $3.50 price objective for the company. Canaccord Genuity Group lowered Commerce.com from a “buy” rating to a “hold” rating and dropped their price target for the company from $6.00 to $3.00 in a research note on Friday, August 7th. The Goldman Sachs Group set a $5.00 price target on Commerce.com in a research note on Monday, August 10th. Zacks Research cut Commerce.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 10th. Finally, Barclays reduced their price objective on Commerce.com from $3.00 to $2.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $4.17.

Commerce.com Price Performance

CMRC traded up $0.01 during trading on Friday, hitting $3.55. 551,215 shares of the company traded hands, compared to its average volume of 537,574. The company has a current ratio of 2.02, a quick ratio of 2.03 and a debt-to-equity ratio of 2.91. The company has a market cap of $295.89 million, a PE ratio of -44.38 and a beta of 1.09. The stock’s 50-day simple moving average is $3.37 and its two-hundred day simple moving average is $2.95. Commerce.com has a 1 year low of $1.95 and a 1 year high of $5.03.

Institutional Investors Weigh In On Commerce.com

Several hedge funds and other institutional investors have recently made changes to their positions in CMRC. Empowered Funds LLC bought a new position in Commerce.com during the 3rd quarter valued at about $300,000. Royce & Associates LP raised its position in Commerce.com by 36.4% in the 3rd quarter. Royce & Associates LP now owns 25,759 shares of the company’s stock worth $81,000 after purchasing an additional 6,868 shares during the period. Aberdeen Group plc bought a new stake in Commerce.com in the third quarter worth about $2,244,000. B. Riley Wealth Advisors Inc. bought a new stake in Commerce.com in the third quarter worth about $57,000. Finally, Douglas Lane & Associates LLC bought a new stake in Commerce.com in the third quarter worth about $448,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.

Commerce.com Company Profile

Commerce.com, Inc. provides software and services that help businesses build and operate online stores. Its platform, BigCommerce, supports storefront creation, product and order management, payments, and sales across digital and physical channels, with tools for both business-to-consumer and business-to-business commerce. The company also offers Feedonomics, a platform for managing and distributing product data across online marketplaces and advertising channels, and Makeswift, a visual website-building tool.