Commerce.com, Inc. (NASDAQ:CMRC) Receives Consensus Rating of "Reduce" from Brokerages

Key Points

• Consensus rating: "Reduce" — Seven brokerages average a "Reduce" recommendation on CMRC (3 sell, 2 hold, 2 buy) with a 12‑month average price target of about $5.17.
• Shares opened at $2.94 and trade in a 12‑month range of $2.41–$5.59; the company has a market cap of ~$241.7M, a negative P/E (-12.78) and a high debt/equity ratio (3.89), signaling valuation and leverage concerns.
• Insider activity and institutional interest: Ellen F. Siminoff bought 100,000 shares (a ~39.5% increase to her stake), and institutional ownership is high (~79.2%) with recent sizable purchases by firms such as AQR and M&T Bank.

Shares of Commerce.com, Inc. (NASDAQ:CMRC - Get Free Report) have earned an average recommendation of "Reduce" from the seven research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $5.1667.

A number of equities analysts recently weighed in on CMRC shares. Wall Street Zen cut Commerce.com from a "strong-buy" rating to a "buy" rating in a report on Sunday, April 19th. Needham & Company LLC decreased their price objective on Commerce.com from $10.00 to $7.50 and set a "buy" rating on the stock in a report on Wednesday, April 8th. Zacks Research cut Commerce.com from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 22nd. Barclays decreased their price objective on Commerce.com from $3.00 to $2.00 and set an "underweight" rating on the stock in a report on Tuesday, February 17th. Finally, Canaccord Genuity Group decreased their price objective on Commerce.com from $11.00 to $6.00 and set a "buy" rating on the stock in a report on Friday, February 13th.

Commerce.com Stock Performance

NASDAQ:CMRC opened at $2.94 on Friday. The business's 50-day moving average price is $2.79 and its two-hundred day moving average price is $3.73. Commerce.com has a twelve month low of $2.41 and a twelve month high of $5.59. The stock has a market cap of $241.67 million, a P/E ratio of -12.78, a PEG ratio of 1.07 and a beta of 1.16. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 3.89.

Insider Buying and Selling at Commerce.com

In other news, insider Ellen F. Siminoff acquired 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The shares were bought at an average cost of $2.94 per share, with a total value of $294,000.00. Following the acquisition, the insider owned 353,333 shares in the company, valued at approximately $1,038,799.02. This represents a 39.47% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.70% of the company's stock.

Hedge Funds Weigh In On Commerce.com

A number of large investors have recently modified their holdings of CMRC. AQR Capital Management LLC raised its holdings in shares of Commerce.com by 2,028.0% during the 1st quarter. AQR Capital Management LLC now owns 278,583 shares of the company's stock valued at $1,605,000 after buying an additional 265,492 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Commerce.com by 15.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,826 shares of the company's stock valued at $483,000 after buying an additional 11,509 shares in the last quarter. Pallas Capital Advisors LLC purchased a new position in Commerce.com in the 4th quarter worth approximately $50,000. CWM LLC purchased a new position in Commerce.com in the 4th quarter worth approximately $159,000. Finally, M&T Bank Corp purchased a new position in Commerce.com in the 4th quarter worth approximately $5,679,000. 79.21% of the stock is 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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