Brokerages Set Commerce.com, Inc. (NASDAQ:CMRC) PT at $4.80

Shares of Commerce.com, Inc. (NASDAQ:CMRC) have been assigned a consensus rating of “Reduce” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $4.80.

A number of brokerages have issued reports on CMRC. Barclays raised their price target on Commerce.com from $2.00 to $3.00 and gave the stock an “underweight” rating in a research note on Monday, May 11th. Wall Street Zen upgraded shares of Commerce.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Needham & Company LLC reissued a “buy” rating and issued a $7.50 target price on shares of Commerce.com in a research report on Thursday, April 30th. Zacks Research cut shares of Commerce.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Commerce.com in a report on Friday, July 17th.

Commerce.com Price Performance

Shares of NASDAQ:CMRC opened at $3.26 on Friday. The company has a market cap of $268.98 million, a P/E ratio of -18.11 and a beta of 1.14. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 3.26. Commerce.com has a 52 week low of $2.41 and a 52 week high of $5.55. The business has a fifty day simple moving average of $2.95 and a 200-day simple moving average of $2.93.

Institutional Trading of Commerce.com

Several institutional investors have recently made changes to their positions in CMRC. M&T Bank Corp purchased a new stake in Commerce.com during the fourth quarter valued at about $5,679,000. Pale Fire Capital SE increased its stake in Commerce.com by 294.2% during the first quarter. Pale Fire Capital SE now owns 2,952,094 shares of the company’s stock worth $7,882,000 after acquiring an additional 2,203,169 shares during the last quarter. S Squared Technology LLC purchased a new position in shares of Commerce.com in the 4th quarter worth about $4,976,000. Needham Investment Management LLC purchased a new position in shares of Commerce.com in the 4th quarter worth about $1,164,000. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Commerce.com in the 4th quarter worth about $762,000. 79.21% of the stock is owned by hedge funds and other institutional investors.

Commerce.com Company Profile

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.