Commerce.com, Inc. (CMRC) – What Are Analysts Saying About This Stock?

Shares of Commerce.com, Inc. (NASDAQ:CMRC) have been given a consensus rating of “Hold” by the seven research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $4.17.

CMRC has been the topic of a number of recent research reports. Barclays dropped 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. Zacks Research raised Commerce.com from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Canaccord Genuity Group reissued a “hold” rating and issued a $3.00 target price (down from $6.00) on shares of Commerce.com in a report on Friday, August 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a report on Thursday, October 15th. Finally, Wall Street Zen downgraded shares of Commerce.com from a “strong-buy” rating to a “buy” rating in a report on Sunday.

Institutional Investors Weigh In On Commerce.com

A number of large investors have recently added to or reduced their stakes in the business. Williams & Novak LLC purchased a new stake in shares of Commerce.com during the second quarter worth about $38,000. Royal Bank of Canada boosted its holdings in shares of Commerce.com by 17.0% during the first quarter. Royal Bank of Canada now owns 111,484 shares of the company’s stock worth $298,000 after purchasing an additional 16,213 shares during the last quarter. Corient Private Wealth LP grew its position in shares of Commerce.com by 21.6% in the second quarter. Corient Private Wealth LP now owns 94,603 shares of the company’s stock valued at $280,000 after purchasing an additional 16,794 shares during the period. R Squared Ltd purchased a new position in Commerce.com during the first quarter worth about $45,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Commerce.com in the 3rd quarter valued at about $57,000. 79.21% of the stock is owned by institutional investors and hedge funds.

Commerce.com Stock Up 9.2%

Shares of NASDAQ:CMRC opened at $3.80 on Friday. Commerce.com has a 1-year low of $1.95 and a 1-year high of $5.55. The company has a debt-to-equity ratio of 2.95, a current ratio of 2.03 and a quick ratio of 2.03. The stock has a market cap of $314.87 million, a P/E ratio of 29.00 and a beta of 1.05. The firm has a fifty day moving average price of $2.92 and a 200 day moving average price of $2.90.

Commerce.com Company Profile

Commerce.com, Inc is a commerce technology company that provides software designed to help businesses build, operate and expand digital commerce experiences. Its platform is intended to support online selling across branded websites and other digital channels.

The company’s offerings include tools for creating and managing digital storefronts, product catalogs, shopping carts, checkout processes and customer interactions. Commerce.com also provides capabilities that help businesses manage orders and commerce operations, with an emphasis on supporting flexible and integrated digital experiences.

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