Commerce.com, Inc. (NASDAQ:CMRC) Given Average Rating of "Hold" by Analysts

Key Points

• Commerce.com, Inc. (NASDAQ:CMRC) has received an average rating of "Hold" from analysts, with two sell ratings, two hold ratings, and three buy ratings.
• The average twelve-month price target from brokerages covering the stock is $8.0714, though analysts have varied on their expectations, with Barclays setting a target of $6.00 and Canaccord Genuity providing a target of $11.00.
• Institutional investors own 79.21% of Commerce.com stock, with GAMMA Investing LLC notably increasing its holdings by 8,196.8% in the first quarter.

Commerce.com, Inc. (NASDAQ:CMRC - Get Free Report) has been given a consensus recommendation of "Hold" by the seven ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $8.0714.

A number of research analysts have recently issued reports on CMRC shares. Barclays dropped their price objective on Commerce.com from $7.00 to $6.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Wall Street Zen raised Commerce.com from a "hold" rating to a "buy" rating in a research report on Sunday, August 10th. The Goldman Sachs Group decreased their target price on Commerce.com from $9.50 to $8.50 and set a "neutral" rating for the company in a research report on Friday, May 9th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $11.00 target price on shares of Commerce.com in a research report on Friday, August 1st.

Institutional Trading of Commerce.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in shares of Commerce.com by 8,196.8% in the first quarter. GAMMA Investing LLC now owns 5,144 shares of the company's stock valued at $30,000 after acquiring an additional 5,082 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Commerce.com in the fourth quarter valued at approximately $35,000. Next Level Private LLC purchased a new position in Commerce.com in the first quarter valued at approximately $58,000. Sei Investments Co. purchased a new stake in shares of Commerce.com during the first quarter worth $64,000. Finally, CWM LLC lifted its position in shares of Commerce.com by 87.4% during the first quarter. CWM LLC now owns 12,482 shares of the company's stock worth $72,000 after acquiring an additional 5,820 shares in the last quarter. 79.21% of the stock is owned by institutional investors.

Commerce.com Stock Up 2.4%

Shares of NASDAQ:CMRC opened at $4.65 on Friday. The company has a market capitalization of $375.44 million, a price-to-earnings ratio of -21.14 and a beta of 1.15. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.13 and a quick ratio of 2.13. The business's 50-day moving average is $4.91 and its 200-day moving average is $5.45. Commerce.com has a 1 year low of $4.14 and a 1 year high of $7.99.

Commerce.com (NASDAQ:CMRC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. The company had revenue of $84.43 million for the quarter, compared to the consensus estimate of $86.08 million. Commerce.com had a negative return on equity of 25.13% and a negative net margin of 5.37%. The firm's revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 EPS.

About Commerce.com

BigCommerce Holdings, Inc operates a software-as-a-service platform for small businesses, mid-markets, and large enterprises in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and internationally. The company's platform provides various services for launching and scaling e-commerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integrations.

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