Commerce.com (NASDAQ:CMRC) Stock Bumped Up to Strong-Buy by Wall Street Zen

Key Points

• Wall Street Zen upgraded Commerce.com from “buy” to “strong-buy,” while Zacks Research also recently issued a strong-buy rating.
• Analyst sentiment remains mixed overall: Commerce.com has a consensus “hold” rating and an average price target of $4.17, with ratings ranging from strong buy to sell.
• CMRC shares opened at $3.48, above their 50-day and 200-day moving averages, while institutional investors own approximately 79.21% of the company.

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

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Several other brokerages have also recently commented on CMRC. Canaccord Genuity Group reissued a "hold" rating and set a $3.00 price target (down from $6.00) on shares of Commerce.com in a research report on Friday, August 7th. Barclays decreased their price objective on Commerce.com from $3.00 to $2.00 and set an "underweight" rating for the company in a report on Tuesday, August 11th. The Goldman Sachs Group set a $5.00 target price on Commerce.com in a research report on Monday, August 10th. Zacks Research upgraded Commerce.com from a "hold" rating to a "strong-buy" rating in a report on Monday, October 5th. Finally, UBS Group reissued a "neutral" rating and set a $3.50 price target on shares of Commerce.com in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $4.17.

Commerce.com Stock Performance

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Shares of CMRC stock opened at $3.48 on Friday. The company's fifty day simple moving average is $2.81 and its 200-day simple moving average is $2.86. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 2.95. The firm has a market cap of $288.35 million, a PE ratio of -49.71 and a beta of 1.05. Commerce.com has a 12 month low of $1.95 and a 12 month high of $5.55.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Douglas Lane & Associates LLC acquired a new position in shares of Commerce.com during the 3rd quarter worth about $448,000. NewEdge Advisors LLC acquired a new stake in Commerce.com in the 2nd quarter valued at about $101,000. Corient Private Wealth LP lifted its stake in Commerce.com by 21.6% in the 2nd 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 last quarter. Pale Fire Capital SE grew its holdings in Commerce.com by 3.5% during the second quarter. Pale Fire Capital SE now owns 3,054,890 shares of the company's stock worth $9,042,000 after purchasing an additional 102,796 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Commerce.com during the second quarter worth about $689,000. Institutional investors own 79.21% of the company's stock.

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.

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