Commerce.com, Inc. (NASDAQ:CMRC) Stock Has Consensus Target Price of $4.17

Key Points

• Commerce.com has a consensus “Hold” rating from seven analysts, with three sell ratings, two holds, one buy and one strong buy. The average 12-month price target is $4.17.
• Recent analyst actions were mixed: Goldman Sachs set a $5.00 target, UBS issued a $3.50 target with a neutral rating, while Barclays cut its target to $2.00 and maintained an underweight rating.
• Institutional investors own 79.21% of the company, with Pale Fire Capital increasing its stake by 294.2% in the first quarter. CMRC opened at $3.56, compared with a 52-week range of $1.95 to $5.55.

Commerce.com, Inc. (NASDAQ:CMRC - Get Free Report) has received a consensus rating of "Hold" from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $4.17.

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

A number of equities research analysts have issued reports on CMRC shares. Wall Street Zen upgraded Commerce.com from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 10th. The Goldman Sachs Group set a $5.00 price target on Commerce.com in a report on Monday, August 10th. Barclays lowered their price objective on Commerce.com from $3.00 to $2.00 and set an "underweight" rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Commerce.com in a research note on Friday, July 17th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $3.50 price objective on shares of Commerce.com in a research note on Tuesday, July 21st.

Institutional Inflows and Outflows

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

Large investors have recently added to or reduced their stakes in the business. Pale Fire Capital SE boosted its stake in Commerce.com by 294.2% in the 1st quarter. Pale Fire Capital SE now owns 2,952,094 shares of the company's stock worth $7,882,000 after purchasing an additional 2,203,169 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in Commerce.com during the 1st quarter valued at approximately $926,000. Bank of New York Mellon Corp purchased a new stake in Commerce.com during the 2nd quarter valued at approximately $689,000. Douglas Lane & Associates LLC bought a new stake in shares of Commerce.com during the third quarter valued at approximately $448,000. Finally, Principal Financial Group Inc. raised its position in shares of Commerce.com by 54.0% during the first quarter. Principal Financial Group Inc. now owns 368,719 shares of the company's stock valued at $984,000 after buying an additional 129,223 shares during the last quarter. 79.21% of the stock is owned by hedge funds and other institutional investors.

Commerce.com Stock Up 8.5%

Shares of CMRC stock opened at $3.56 on Friday. The company has a debt-to-equity ratio of 2.95, a current ratio of 2.03 and a quick ratio of 2.03. Commerce.com has a one year low of $1.95 and a one year high of $5.55. The company's fifty day moving average price is $2.84 and its 200-day moving average price is $2.88. The company has a market capitalization of $294.98 million, a price-to-earnings ratio of -50.85 and a beta of 1.05.

Commerce.com Company Profile

Commerce.com, Inc is a commerce technology company that provides software designed to help businesses build, operate and expand digital commerce experiences. Its platform is intended to support online selling across branded websites and other digital channels.

The company's offerings include tools for creating and managing digital storefronts, product catalogs, shopping carts, checkout processes and customer interactions. Commerce.com also provides capabilities that help businesses manage orders and commerce operations, with an emphasis on supporting flexible and integrated digital experiences.

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

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