Nuveen LLC bought a new stake in Commerce.com, Inc. (NASDAQ:CMRC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 155,939 shares of the company's stock, valued at approximately $898,000. Nuveen LLC owned 0.20% of Commerce.com at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Barclays PLC raised its stake in shares of Commerce.com by 9.5% during the 4th quarter. Barclays PLC now owns 127,729 shares of the company's stock valued at $781,000 after purchasing an additional 11,062 shares during the period. MetLife Investment Management LLC raised its stake in shares of Commerce.com by 10.0% during the 4th quarter. MetLife Investment Management LLC now owns 42,984 shares of the company's stock valued at $263,000 after purchasing an additional 3,893 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Commerce.com by 29.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 77,852 shares of the company's stock valued at $477,000 after purchasing an additional 17,785 shares during the period. Northern Trust Corp raised its stake in shares of Commerce.com by 8.4% during the 4th quarter. Northern Trust Corp now owns 662,877 shares of the company's stock valued at $4,057,000 after purchasing an additional 51,428 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in shares of Commerce.com during the 4th quarter valued at $673,000. 79.21% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on CMRC shares. Wall Street Zen upgraded Commerce.com from a "hold" rating to a "buy" rating in a research note on Sunday, August 10th. Needham & Company LLC reiterated a "buy" rating and set a $10.00 price objective on shares of Commerce.com in a research note on Wednesday, August 20th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set 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 assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $8.42.
Check Out Our Latest Research Report on Commerce.com
Commerce.com Price Performance
Commerce.com stock traded up $0.02 during midday trading on Friday, hitting $4.47. 571,528 shares of the company's stock were exchanged, compared to its average volume of 813,567. Commerce.com, Inc. has a 52-week low of $4.14 and a 52-week high of $7.99. The stock has a 50-day moving average price of $4.79 and a two-hundred day moving average price of $5.23. 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 $360.91 million, a P/E ratio of -20.32 and a beta of 1.15.
Commerce.com (NASDAQ:CMRC - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. Commerce.com had a negative return on equity of 25.13% and a negative net margin of 5.37%.The business had revenue of $84.43 million during the quarter, compared to analysts' expectations of $86.08 million. During the same period in the previous year, the business earned $0.05 earnings per share. The firm's revenue was up 3.2% on a year-over-year basis. Commerce.com has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.
Commerce.com Profile
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Free Report)
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.
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