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

Key Points

• Commerce.com has a consensus “Reduce” rating among seven analysts, with three sells, two holds, and two buys. The average 12-month price target is $4.80.
• The stock opened at $3.13, with a one-year trading range of $2.41 to $5.55 and a market capitalization of approximately $258 million. Its debt-to-equity ratio is elevated at 3.26.
• Institutional ownership is substantial at 79.21%, with several hedge funds and investment firms recently establishing or expanding positions in the company.

Shares of Commerce.com, Inc. (NASDAQ:CMRC - Get Free Report) have earned a consensus recommendation of "Reduce" from the seven research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $4.80.

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

A number of analysts have recently issued reports on the stock. Barclays raised their price target on shares of Commerce.com from $2.00 to $3.00 and gave the company an "underweight" rating in a report on Monday, May 11th. Weiss Ratings reissued a "sell (e+)" rating on shares of Commerce.com in a report on Friday, July 17th. Needham & Company LLC restated a "buy" rating and set a $7.50 price objective on shares of Commerce.com in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of Commerce.com from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 9th. Finally, UBS Group restated a "neutral" rating and issued a $3.50 target price on shares of Commerce.com in a report on Tuesday, July 21st.

Commerce.com Price Performance

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

NASDAQ CMRC opened at $3.13 on Friday. Commerce.com has a one year low of $2.41 and a one year high of $5.55. The stock has a 50-day moving average of $2.94 and a 200 day moving average of $2.95. The company has a market capitalization of $258.26 million, a price-to-earnings ratio of -17.39 and a beta of 1.15. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.98 and a current ratio of 1.98.

Hedge Funds Weigh In On Commerce.com

Institutional investors and hedge funds have recently modified their holdings of the company. M&T Bank Corp bought a new position in Commerce.com in the fourth quarter valued at about $5,679,000. Pale Fire Capital SE increased its position in shares of Commerce.com by 294.2% during the 1st quarter. Pale Fire Capital SE now owns 2,952,094 shares of the company's stock valued at $7,882,000 after purchasing an additional 2,203,169 shares during the last quarter. S Squared Technology LLC bought a new position in shares of Commerce.com in the 4th quarter worth approximately $4,976,000. Needham Investment Management LLC bought a new position in shares of Commerce.com in the 4th quarter worth approximately $1,164,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new position in shares of Commerce.com in the 4th quarter worth approximately $762,000. 79.21% of the stock is currently owned by hedge funds and other institutional investors.

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. As of December 31, 2021, it served approximately 60,000 online stores across industries.

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