Commerce.com (NASDAQ:CMRC) Upgraded at Wall Street Zen

Key Points

• Commerce.com was upgraded by Wall Street Zen from "buy" to "strong-buy" in a report released Saturday.
• Analyst sentiment remains mixed overall: the stock has two Buy ratings, one Hold, and three Sell ratings, with a consensus rating of "Reduce" and a consensus price target of $4.50.
• The stock opened at $3.10, with a market cap of about $254.8 million; an insider also recently bought 100,000 shares, increasing their stake by 39.47%.

Commerce.com (NASDAQ:CMRC - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Saturday.

Other equities research analysts also recently issued research reports about the company. UBS Group set a $3.00 target price on Commerce.com in a report on Friday, February 13th. Barclays dropped their price target on Commerce.com from $3.00 to $2.00 and set an "underweight" rating for the company in a research report on Tuesday, February 17th. Morgan Stanley cut Commerce.com from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $6.50 to $4.00 in a research report on Tuesday, January 20th. Needham & Company LLC restated a "buy" rating and issued a $7.50 price target on shares of Commerce.com in a research report on Thursday, April 30th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Commerce.com in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Commerce.com has a consensus rating of "Reduce" and a consensus target price of $4.50.

Commerce.com Price Performance

Commerce.com stock opened at $3.10 on Friday. Commerce.com has a one year low of $2.41 and a one year high of $5.59. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.98 and a current ratio of 1.98. The business has a fifty day moving average of $2.81 and a two-hundred day moving average of $3.62. The company has a market cap of $254.82 million, a P/E ratio of -17.22, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14.

Insider Buying and Selling

In related news, insider Ellen F. Siminoff acquired 100,000 shares of the company's stock in a transaction that occurred on Tuesday, February 17th. The stock was purchased at an average price of $2.94 per share, for a total transaction of $294,000.00. Following the transaction, the insider owned 353,333 shares in the company, valued at $1,038,799.02. This trade represents a 39.47% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.70% of the company's stock.

Institutional Trading of Commerce.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in Commerce.com during the 4th quarter worth about $27,000. New York State Common Retirement Fund purchased a new stake in Commerce.com during the 4th quarter worth about $35,000. T3 Companies LLC purchased a new stake in Commerce.com during the 4th quarter worth about $41,000. Avondale Wealth Management acquired a new stake in Commerce.com in the 4th quarter worth about $41,000. Finally, Jain Global LLC acquired a new stake in Commerce.com in the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 79.21% of the company's stock.

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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