Commerce.com (NASDAQ:CMRC) Rating Lowered to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Commerce.com from “strong buy” to “buy.” Zacks Research also cut its rating to “hold,” while other analysts range from buy to sell.
• MarketBeat reports a consensus rating of “Reduce” and an average price target of $4.17; analyst targets cited in the article include $2.00 to $5.00.
• Commerce.com shares opened at $3.55, within a 52-week range of $1.95 to $5.03. Institutional investors and hedge funds own 79.21% of the stock.

Commerce.com (NASDAQ:CMRC - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Saturday, Wall Street Zen reports.

• BigCommerce NASDAQ: BIGC Stock Providing Big Opportunities After Earnings Plunge

Several other equities analysts have also recently weighed in on CMRC. UBS Group started coverage on Commerce.com in a report on Tuesday, July 21st. They set a "neutral" rating and a $3.50 price objective on the stock. Zacks Research cut Commerce.com from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. The Goldman Sachs Group set a $5.00 target price on shares of Commerce.com in a report on Monday, August 10th. Barclays cut their price target on shares of Commerce.com from $3.00 to $2.00 and set an "underweight" rating on the stock in a research note on Tuesday, August 11th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Commerce.com in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Commerce.com presently has a consensus rating of "Reduce" and a consensus target price of $4.17.

Commerce.com Stock Up 0.3%

• BigCommerce NASDAQ: BIGC Stock Breaking Out: The Next Big Thing in E-commerce?

NASDAQ:CMRC opened at $3.55 on Friday. Commerce.com has a 1 year low of $1.95 and a 1 year high of $5.03. 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 stock has a market cap of $295.89 million, a price-to-earnings ratio of 25.29 and a beta of 1.09. The stock has a 50-day moving average price of $3.37 and a two-hundred day moving average price of $2.95.

Institutional Investors Weigh In On Commerce.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMRC. Williams & Novak LLC bought a new stake in Commerce.com during the 2nd quarter worth about $38,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Commerce.com in the 3rd quarter valued at about $57,000. Royce & Associates LP grew its holdings in shares of Commerce.com by 36.4% in the 3rd quarter. Royce & Associates LP now owns 25,759 shares of the company's stock valued at $81,000 after acquiring an additional 6,868 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Commerce.com in the second quarter valued at about $101,000. Finally, Sei Investments Co. increased its position in shares of Commerce.com by 418.1% in the first quarter. Sei Investments Co. now owns 53,469 shares of the company's stock valued at $143,000 after acquiring an additional 43,148 shares during the last quarter. 79.21% of the stock is currently owned by institutional investors and hedge funds.

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.

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