Commerce.com, Inc. (CMRC) - What Are Brokerages Thinking About This Stock?

Key Points

• Analyst sentiment is mixed but leans cautious: Seven analysts give Commerce.com an average “Hold” rating, with three sells, two holds, one buy and one strong buy.
• The average 12-month price target is $4.17. Recent calls included Canaccord downgrading the stock to Hold and cutting its target to $3, while Barclays lowered its target to $2 and assigned an Underweight rating.
• Shares opened at $3.67, within a 52-week range of $1.95 to $5.55; institutional investors own about 79.2% of the stock.

Shares of Commerce.com, Inc. (NASDAQ:CMRC - Get Free Report) have received an average rating of "Hold" from the seven analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $4.17.

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

Several equities analysts recently commented on the company. The Goldman Sachs Group set a $5.00 target price on Commerce.com in a research report on Monday, August 10th. Canaccord Genuity Group cut Commerce.com from a "buy" rating to a "hold" rating and lowered their price target for the company from $6.00 to $3.00 in a research report on Friday, August 7th. Barclays dropped their price objective on Commerce.com from $3.00 to $2.00 and set an "underweight" rating for the company in a research note on Tuesday, August 11th. Wall Street Zen raised Commerce.com from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 31st. Finally, UBS Group assumed coverage on Commerce.com in a report on Tuesday, July 21st. They set a "neutral" rating and a $3.50 price objective for the company.

Commerce.com Stock Up 1.4%

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

NASDAQ CMRC opened at $3.67 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 2.95. The stock's 50 day moving average is $3.27 and its two-hundred day moving average is $2.94. The company has a market capitalization of $304.10 million, a price-to-earnings ratio of -45.88 and a beta of 1.09. Commerce.com has a 1-year low of $1.95 and a 1-year high of $5.55.

Hedge Funds Weigh In On Commerce.com

Institutional investors have recently added to or reduced their stakes in the company. Williams & Novak LLC bought a new stake in Commerce.com during the second quarter worth about $38,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Commerce.com during the third quarter worth approximately $57,000. SG Americas Securities LLC bought a new position in shares of Commerce.com in the first quarter valued at approximately $74,000. Royce & Associates LP raised its stake in shares of Commerce.com by 36.4% in the third quarter. Royce & Associates LP now owns 25,759 shares of the company's stock valued at $81,000 after acquiring an additional 6,868 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new position in shares of Commerce.com in the second quarter valued at approximately $101,000. 79.21% of the stock is owned by institutional investors.

About Commerce.com

Commerce.com, Inc is a commerce technology company that provides software designed to help businesses build, operate and manage digital commerce experiences. Its platform is intended to support online selling across customer-facing storefronts and other sales channels, while enabling companies to manage core commerce operations from a unified technology environment.

The company's offerings are focused on composable and flexible commerce capabilities, including tools for product catalog management, merchandising, shopping experiences, checkout and order management.

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