Wall Street Zen upgraded shares of Commerce.com (NASDAQ:CMRC - Free Report) from a hold rating to a buy rating in a report released on Sunday morning.
A number of other equities analysts have also recently commented on CMRC. Canaccord Genuity Group reissued a "buy" rating and issued a $11.00 price objective on shares of Commerce.com in a research note on Friday, August 1st. Morgan Stanley lowered their price target on shares of Commerce.com from $8.00 to $7.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Barclays dropped their price target on Commerce.com from $7.00 to $6.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Finally, The Goldman Sachs Group decreased their price objective on Commerce.com from $9.50 to $8.50 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $8.07.
Get Our Latest Research Report on Commerce.com
Commerce.com Price Performance
Shares of CMRC stock traded up $0.32 during trading hours on Friday, hitting $4.63. The stock had a trading volume of 568,840 shares, compared to its average volume of 845,456. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.13 and a quick ratio of 2.13. The stock has a market capitalization of $373.83 million, a price-to-earnings ratio of -21.05 and a beta of 1.15. Commerce.com has a one year low of $4.14 and a one year high of $7.99. The stock's 50-day moving average price is $4.94 and its two-hundred day moving average price is $5.50.
Commerce.com (NASDAQ:CMRC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The business had revenue of $84.43 million for the quarter, compared to the consensus estimate of $86.08 million. Commerce.com had a negative return on equity of 25.13% and a negative net margin of 5.37%. The company's revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.
Institutional Trading of Commerce.com
Several hedge funds and other institutional investors have recently bought and sold shares of CMRC. GAMMA Investing LLC grew its stake in Commerce.com by 8,196.8% in the first quarter. GAMMA Investing LLC now owns 5,144 shares of the company's stock valued at $30,000 after purchasing an additional 5,082 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Commerce.com during the 4th quarter worth approximately $35,000. Next Level Private LLC purchased a new stake in Commerce.com during the first quarter valued at approximately $58,000. Sei Investments Co. acquired a new stake in Commerce.com in the first quarter valued at approximately $64,000. Finally, CWM LLC boosted its stake in Commerce.com by 87.4% in the first quarter. CWM LLC now owns 12,482 shares of the company's stock valued at $72,000 after acquiring an additional 5,820 shares in the last quarter. Institutional investors own 79.21% of the company's stock.
About Commerce.com
(
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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.
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