Commerce.com's (CMRC) Buy Rating Reiterated at Needham & Company LLC

Key Points

• Needham & Company LLC has reiterated its "buy" rating for Commerce.com (NASDAQ: CMRC) and set a price target of $10.00, indicating a potential upside of 116.45% from the stock's previous close.
• Different analysts have varying ratings on Commerce.com, with three holding a "buy" rating, while two maintain a "hold" and two issue a "sell" rating, leading to an average rating of "hold" with a price target of $8.07.
• Commerce.com recently reported a 3.2% increase in revenue year-over-year, with earnings per share (EPS) of $0.04, surpassing analysts' expectations, although the company has a negative return on equity of 25.13%.

Commerce.com (NASDAQ:CMRC - Get Free Report)'s stock had its "buy" rating restated by Needham & Company LLC in a report issued on Wednesday,Benzinga reports. They presently have a $10.00 price target on the stock. Needham & Company LLC's target price indicates a potential upside of 107.47% from the stock's current price.

Other equities research analysts also recently issued research reports about the stock. Wall Street Zen upgraded shares of Commerce.com from a "hold" rating to a "buy" rating in a research report on Sunday, August 10th. The Goldman Sachs Group dropped their price objective on shares of Commerce.com from $9.50 to $8.50 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $11.00 price objective on shares of Commerce.com in a research note on Friday, August 1st. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $8.07.

Commerce.com Trading Down 0.6%

Shares of NASDAQ:CMRC traded down $0.03 during mid-day trading on Wednesday, hitting $4.82. The stock had a trading volume of 205,695 shares, compared to its average volume of 845,762. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.13 and a current ratio of 2.13. The company has a market cap of $389.17 million, a PE ratio of -21.91 and a beta of 1.15. Commerce.com has a 12-month low of $4.14 and a 12-month high of $7.99. The company's 50 day moving average is $4.86 and its 200-day moving average is $5.38.

Commerce.com (NASDAQ:CMRC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $84.43 million during the quarter, compared to the consensus estimate of $86.08 million. Commerce.com had a negative net margin of 5.37% and a negative return on equity of 25.13%. The firm's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 EPS. Commerce.com has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of Commerce.com by 8,196.8% during the 1st quarter. GAMMA Investing LLC now owns 5,144 shares of the company's stock worth $30,000 after purchasing an additional 5,082 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Commerce.com during the 4th quarter worth $35,000. Next Level Private LLC acquired a new position in shares of Commerce.com during the 1st quarter worth $58,000. Sei Investments Co. bought a new stake in shares of Commerce.com during the 1st quarter worth $64,000. Finally, CWM LLC boosted its holdings in shares of Commerce.com by 87.4% during the 1st quarter. CWM LLC now owns 12,482 shares of the company's stock worth $72,000 after buying an additional 5,820 shares during the period. Institutional investors and hedge funds 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.