Commerce.com (NASDAQ:CMRC) Upgraded by Wall Street Zen to Strong-Buy Rating

Key Points

• Wall Street Zen upgraded Commerce.com (NASDAQ:CMRC) from a "buy" to a "strong-buy" rating in a research note issued Saturday.
• Despite that upgrade, MarketBeat's consensus rating is "Reduce" with an average price target of $5.17, and multiple analysts have recently cut price targets and issued mixed Buy/Hold/Sell recommendations.
• Insider Ellen F. Siminoff bought 100,000 shares at about $2.94 on Feb. 17—raising her stake by roughly 39.5%—while insiders own 9.06% and institutional investors own 79.21% of the company.

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 research note issued on Saturday.

Other equities analysts have also recently issued research reports about the company. Needham & Company LLC cut 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. Canaccord Genuity Group cut their price objective on shares of Commerce.com from $11.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday, February 13th. Morgan Stanley cut shares of Commerce.com from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $6.50 to $4.00 in a research report on Tuesday, January 20th. Zacks Research cut Commerce.com from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 22nd. Finally, UBS Group set a $3.00 target price on Commerce.com in a research note on Friday, February 13th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $5.17.

Commerce.com Trading Down 1.5%

Shares of NASDAQ CMRC opened at $2.63 on Friday. Commerce.com has a twelve month low of $2.41 and a twelve month high of $5.59. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 3.89. The stock has a market cap of $216.19 million, a price-to-earnings ratio of -11.43, a P/E/G ratio of 0.94 and a beta of 1.16. The company's fifty day moving average is $2.80 and its 200-day moving average is $3.86.

Insider Activity

In other news, insider Ellen F. Siminoff bought 100,000 shares of the company's stock in a transaction dated 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 $1,038,799.02. This trade represents a 39.47% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.06% of the company's stock.

Institutional Investors Weigh In On Commerce.com

A number of large investors have recently added to or reduced their stakes in CMRC. Corient Private Wealth LLC bought a new position in Commerce.com in the 4th quarter valued at about $321,000. Virtu Financial LLC bought a new position in Commerce.com in the 4th quarter valued at about $82,000. Invesco Ltd. bought a new position in Commerce.com in the 4th quarter valued at about $631,000. State of Tennessee Department of Treasury bought a new position in Commerce.com during the 4th quarter worth $140,000. Finally, NewEdge Advisors LLC bought a new position in Commerce.com during the 4th quarter worth $51,000. 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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