Commerce.com, Inc. (NASDAQ:CMRC) Given Average Rating of "Reduce" by Analysts

Key Points

• Analysts collectively rate Commerce.com “Reduce”: Three recommend selling, three advise holding, and one recommends buying. The average 12-month price target is $4.17.
• Recent analyst actions have been mixed but generally cautious: Barclays lowered its target from $3.00 to $2.00 with an underweight rating, while UBS maintained a neutral rating and a $3.50 target.
• Commerce.com shares opened at $3.33, with a market capitalization of about $276 million and a 52-week range of $1.95 to $5.55. Institutional investors own approximately 79.21% of the stock.

Shares of Commerce.com, Inc. (NASDAQ:CMRC - Get Free Report) have received a consensus rating of "Reduce" from the seven ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $4.1667.

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

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a "sell (e+)" rating on shares of Commerce.com in a research report on Friday, July 17th. Zacks Research cut shares of Commerce.com from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Wall Street Zen lowered shares of Commerce.com from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. UBS Group reiterated a "neutral" rating and issued a $3.50 target price on shares of Commerce.com in a research note on Tuesday, July 21st. Finally, Barclays reduced their target price on Commerce.com from $3.00 to $2.00 and set an "underweight" rating on the stock in a report on Tuesday, August 11th.

Commerce.com Price Performance

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

Shares of NASDAQ CMRC opened at $3.33 on Monday. The stock has a market cap of $275.92 million, a PE ratio of -47.56 and a beta of 1.12. The business has a fifty day moving average of $2.74 and a two-hundred day moving average of $2.82. Commerce.com has a 52-week low of $1.95 and a 52-week high of $5.55. The company has a debt-to-equity ratio of 2.95, a quick ratio of 2.03 and a current ratio of 2.03.

Institutional Trading of Commerce.com

Several large investors have recently made changes to their positions in the business. Pale Fire Capital SE lifted its position in Commerce.com by 294.2% during the 1st quarter. Pale Fire Capital SE now owns 2,952,094 shares of the company's stock worth $7,882,000 after buying an additional 2,203,169 shares in the last quarter. S Squared Technology LLC acquired a new position in shares of Commerce.com during the fourth quarter worth approximately $4,976,000. CenterBook Partners LP bought a new stake in shares of Commerce.com during the fourth quarter valued at approximately $3,617,000. P.A.W. Capital Corp acquired a new stake in shares of Commerce.com in the fourth quarter valued at approximately $2,472,000. Finally, Segall Bryant & Hamill LLC bought a new position in Commerce.com in the 1st quarter worth approximately $926,000. Institutional investors own 79.21% of the company's stock.

About Commerce.com

Commerce.com is a technology company focused on helping businesses operate and grow their digital commerce activities. Its platform is designed to support online selling and related commerce operations for merchants and brands.

The company's solutions generally encompass core e-commerce functions such as digital storefronts, product and catalog management, customer experiences, order processing, and integrations with other business and commerce systems. These capabilities are intended to help businesses manage commerce across digital channels and connect online operations with broader business processes.

Commerce.com serves businesses seeking technology for direct-to-consumer and other digital commerce models.

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