Commerce.com (NASDAQ:CMRC) Stock Rating Cut to Buy at Wall Street Zen

Key Points

• Wall Street Zen downgraded Commerce.com from “strong buy” to “buy,” while broader analyst sentiment remains mixed with a consensus “hold” rating and an average price target of $4.17.
• Analyst targets range from $3.00 at Canaccord Genuity to $5.00 at Goldman Sachs; other firms maintain neutral or sell ratings, highlighting uncertainty about the stock’s outlook.
• Commerce.com shares opened at $3.44, compared with a 52-week range of $1.95 to $5.55, and institutional investors own approximately 79.21% of the company.

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

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A number of other analysts have also weighed in on the stock. Canaccord Genuity Group reaffirmed a "hold" rating and set a $3.00 target price (down from $6.00) on shares of Commerce.com in a report on Friday, August 7th. UBS Group reissued a "neutral" rating and issued a $3.50 price target on shares of Commerce.com in a report on Tuesday, July 21st. The Goldman Sachs Group set a $5.00 price target on shares of Commerce.com in a research report on Monday, August 10th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Commerce.com in a report on Thursday. Finally, Zacks Research upgraded Commerce.com from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $4.17.

Commerce.com Price Performance

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Shares of NASDAQ CMRC opened at $3.44 on Friday. The firm's 50-day simple moving average is $2.87 and its 200 day simple moving average is $2.89. The company has a debt-to-equity ratio of 2.95, a quick ratio of 2.03 and a current ratio of 2.03. Commerce.com has a fifty-two week low of $1.95 and a fifty-two week high of $5.55. The stock has a market cap of $285.04 million, a price-to-earnings ratio of 28.67 and a beta of 1.05.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Williams & Novak LLC purchased a new stake in Commerce.com in the second quarter valued at approximately $38,000. Royal Bank of Canada grew its stake in Commerce.com by 17.0% in the 1st quarter. Royal Bank of Canada now owns 111,484 shares of the company's stock worth $298,000 after buying an additional 16,213 shares in the last quarter. Corient Private Wealth LP grew 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 worth $280,000 after buying an additional 16,794 shares in the last quarter. R Squared Ltd purchased a new position in Commerce.com in the 1st quarter worth approximately $45,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in Commerce.com in the 3rd quarter worth approximately $57,000. 79.21% of the stock is currently owned by institutional investors.

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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