Commerce.com (NASDAQ:CMRC) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded Commerce.com from “hold” to “strong buy,” but broader analyst sentiment remains cautious, with a consensus “hold” rating and an average price target of $4.17.
• Commerce.com shares opened at $3.21, with a market capitalization of about $266 million and a 52-week trading range of $1.95 to $5.55.
• Institutional investors own 79.21% of the company; Pale Fire Capital significantly increased its stake, while several other funds initiated new positions.

Commerce.com (NASDAQ:CMRC - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Monday, Zacks reports.

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A number of other research firms also recently issued reports on CMRC. Wall Street Zen downgraded shares of Commerce.com from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. The Goldman Sachs Group set a $5.00 price target on Commerce.com in a research note on Monday, August 10th. 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 lowered their price objective on 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 research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $4.17.

Commerce.com Stock Performance

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Shares of Commerce.com stock opened at $3.21 on Monday. The firm has a 50-day moving average of $2.80 and a 200-day moving average of $2.85. The stock has a market cap of $265.98 million, a PE ratio of -45.85 and a beta of 1.05. Commerce.com has a 52-week low of $1.95 and a 52-week high of $5.55. The company has a debt-to-equity ratio of 2.95, a quick ratio of 2.03 and a current ratio of 2.03.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Pale Fire Capital SE lifted its stake in shares of Commerce.com by 294.2% in the 1st quarter. Pale Fire Capital SE now owns 2,952,094 shares of the company's stock valued at $7,882,000 after acquiring an additional 2,203,169 shares during the last quarter. S Squared Technology LLC acquired a new position in shares of Commerce.com in the fourth quarter worth approximately $4,976,000. Segall Bryant & Hamill LLC bought a new stake in shares of Commerce.com in the 1st quarter valued at $926,000. Needham Investment Management LLC bought a new stake in Commerce.com during the fourth quarter valued at $1,164,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Commerce.com during the 2nd quarter valued at about $689,000. Institutional investors own 79.21% of the company's stock.

About Commerce.com

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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