Commerce.com (NASDAQ:CMRC) Given New $2.00 Price Target at Barclays

Key Points

• Barclays lowered Commerce.com’s price target from $3.00 to $2.00 and maintained an “underweight” rating, implying about 4.5% downside from the stock’s reported $2.10 price.
• Analyst sentiment is broadly cautious: Commerce.com has an average “Reduce” rating and a consensus price target of $4.17, with one Buy, three Hold, and three Sell ratings.
• The stock is trading near its one-year low at $2.10, well below its 50-day and 200-day moving averages of roughly $2.90; institutional investors own 79.21% of the shares.

Commerce.com (NASDAQ:CMRC - Get Free Report) had its price objective lowered by stock analysts at Barclays from $3.00 to $2.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "underweight" rating on the stock. Barclays's price target points to a potential downside of 4.53% from the stock's current price.

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

Several other analysts have also issued reports on the company. UBS Group reissued a "neutral" rating and set a $3.50 price target on shares of Commerce.com in a report on Tuesday, July 21st. Wall Street Zen cut Commerce.com from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Zacks Research downgraded Commerce.com from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. The Goldman Sachs Group set a $5.00 target price on shares of Commerce.com in a report on Monday. Finally, Needham & Company LLC restated a "buy" rating and set a $7.50 target price on shares of Commerce.com in a research note on Thursday, April 30th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, Commerce.com has an average rating of "Reduce" and an average target price of $4.17.

Commerce.com Stock Performance

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

CMRC traded down $0.01 during trading on Tuesday, hitting $2.10. The company's stock had a trading volume of 190,509 shares, compared to its average volume of 889,509. The business's 50 day simple moving average is $2.91 and its 200-day simple moving average is $2.89. The firm has a market cap of $172.86 million, a PE ratio of -29.92 and a beta of 1.13. Commerce.com has a one year low of $1.95 and a one year high of $5.55. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 2.95.

Institutional Investors Weigh In On Commerce.com

Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in shares of Commerce.com in the fourth quarter worth $27,000. New York State Common Retirement Fund purchased a new stake in Commerce.com in the 4th quarter worth $35,000. T3 Companies LLC bought a new position in shares of Commerce.com during the 4th quarter valued at about $41,000. Avondale Wealth Management bought a new stake in shares of Commerce.com in the fourth quarter worth about $41,000. Finally, Jain Global LLC purchased a new stake in shares of Commerce.com in the fourth quarter worth about $46,000. 79.21% of the stock is owned by hedge funds and other institutional investors.

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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