Commerce.com, Inc. (NASDAQ:CMRC) Stock Has Average Price Target of $4.17

Commerce.com, Inc. (NASDAQ:CMRC) has been given an average recommendation of “Reduce” by the seven research firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $4.17.

CMRC has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a research note on Friday, July 17th. UBS Group reaffirmed a “neutral” rating and issued a $3.50 target price on shares of Commerce.com in a report on Tuesday, July 21st. Zacks Research downgraded shares of Commerce.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Wall Street Zen cut Commerce.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Barclays lowered their price target on Commerce.com from $3.00 to $2.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 11th.

Institutional Investors Weigh In On Commerce.com

Large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC bought a new stake in shares of Commerce.com during the second quarter worth approximately $101,000. Corient Private Wealth LP increased its stake in Commerce.com by 21.6% during the 2nd quarter. Corient Private Wealth LP now owns 94,603 shares of the company’s stock worth $280,000 after acquiring an additional 16,794 shares during the period. Pale Fire Capital SE increased its stake in Commerce.com by 3.5% during the 2nd quarter. Pale Fire Capital SE now owns 3,054,890 shares of the company’s stock worth $9,042,000 after acquiring an additional 102,796 shares during the period. Bank of New York Mellon Corp acquired a new position in Commerce.com in the 2nd quarter valued at $689,000. Finally, Williams & Novak LLC bought a new stake in shares of Commerce.com during the 2nd quarter valued at $38,000. Institutional investors own 79.21% of the company’s stock.

Commerce.com Price Performance

NASDAQ:CMRC opened at $3.26 on Monday. Commerce.com has a 1-year low of $1.95 and a 1-year high of $5.55. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 2.95. The firm has a fifty day simple moving average of $2.76 and a 200 day simple moving average of $2.83. The stock has a market capitalization of $270.12 million, a PE ratio of -46.56 and a beta of 1.12.

About Commerce.com

Commerce.com is a technology company focused on helping businesses operate and grow their digital commerce activities. Its platform is designed to support online selling and related commerce operations for merchants and brands.

The company’s solutions generally encompass core e-commerce functions such as digital storefronts, product and catalog management, customer experiences, order processing, and integrations with other business and commerce systems. These capabilities are intended to help businesses manage commerce across digital channels and connect online operations with broader business processes.

Commerce.com serves businesses seeking technology for direct-to-consumer and other digital commerce models.