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

Key Points

• Consensus "Reduce": Seven analysts give Commerce.com a consensus recommendation of Reduce (3 sell, 2 hold, 2 buy) with an average 12‑month price target of about $5.58.
• Recent analyst moves are mixed: Morgan Stanley downgraded to underweight and cut its target to $4, UBS set a $3 target, Canaccord trimmed its target from $11 to $6 while keeping a buy, and Wall Street Zen upgraded to strong‑buy.
• Insider and institutional activity: Insider Ellen F. Siminoff bought 100,000 shares at $2.94 (raising insider ownership to 9.06%), and institutional investors now own roughly 79.21% of the company’s stock.

Shares of Commerce.com, Inc. (NASDAQ:CMRC - Get Free Report) have earned a consensus recommendation of "Reduce" from the seven analysts that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $5.5833.

CMRC has been the topic of a number of recent analyst reports. Wall Street Zen raised Commerce.com from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 14th. Weiss Ratings reissued a "sell (e+)" rating on shares of Commerce.com in a report on Wednesday, January 21st. Canaccord Genuity Group dropped their price target on Commerce.com from $11.00 to $6.00 and set a "buy" rating on the stock in a research note on Friday, February 13th. UBS Group set a $3.00 price objective on shares of Commerce.com in a research report on Friday, February 13th. Finally, Morgan Stanley downgraded shares of Commerce.com from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $6.50 to $4.00 in a report on Tuesday, January 20th.

Insider Buying and Selling

In related news, insider Ellen F. Siminoff purchased 100,000 shares of the stock in a transaction on Tuesday, February 17th. The shares were purchased at an average cost of $2.94 per share, with a total value of $294,000.00. Following the acquisition, the insider directly owned 353,333 shares in the company, valued at $1,038,799.02. The trade was a 39.47% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 9.06% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of Commerce.com in the fourth quarter valued at approximately $82,000. Invesco Ltd. bought a new position in Commerce.com during the 4th quarter worth $631,000. Corient Private Wealth LLC acquired a new position in Commerce.com in the 4th quarter valued at $321,000. State of Tennessee Department of Treasury bought a new stake in shares of Commerce.com during the 4th quarter valued at $140,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Commerce.com during the 4th quarter worth $51,000. Institutional investors and hedge funds own 79.21% of the company's stock.

Commerce.com Stock Performance

Shares of CMRC stock opened at $3.01 on Thursday. The company has a fifty day moving average price of $3.38 and a two-hundred day moving average price of $4.23. Commerce.com has a one year low of $2.41 and a one year high of $6.83. The stock has a market cap of $244.59 million, a P/E ratio of -13.09, a P/E/G ratio of 1.04 and a beta of 1.19. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.98 and a quick ratio of 2.14.

Commerce.com Company Profile

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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