Ardsley Advisory Partners LP Buys New Stake in Commerce.com, Inc. $CMRC

Key Points

• Ardsley Advisory Partners LP acquired 64,500 shares of Commerce.com, Inc. worth approximately $372,000, representing about 0.08% ownership of the company.
• Institutional investors collectively own 79.21% of Commerce.com's stock, with PDT Partners and Cubist Systematic Strategies significantly increasing their stakes during the first quarter.
• Commerce.com reported a net margin of -5.37% and earnings of $0.04 per share, beating expectations, but also noted a slight revenue decline compared to analyst forecasts.

Ardsley Advisory Partners LP purchased a new position in shares of Commerce.com, Inc. (NASDAQ:CMRC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 64,500 shares of the company's stock, valued at approximately $372,000. Ardsley Advisory Partners LP owned about 0.08% of Commerce.com at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. PDT Partners LLC boosted its stake in shares of Commerce.com by 120.4% during the 1st quarter. PDT Partners LLC now owns 118,206 shares of the company's stock worth $681,000 after acquiring an additional 64,563 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Commerce.com by 3,397.1% during the 1st quarter. Cubist Systematic Strategies LLC now owns 520,409 shares of the company's stock valued at $2,998,000 after buying an additional 505,528 shares in the last quarter. Graham Capital Management L.P. lifted its stake in shares of Commerce.com by 52.5% during the 1st quarter. Graham Capital Management L.P. now owns 149,593 shares of the company's stock valued at $862,000 after buying an additional 51,486 shares in the last quarter. Magnetar Financial LLC purchased a new position in shares of Commerce.com during the 1st quarter valued at $84,000. Finally, State of Wyoming purchased a new position in shares of Commerce.com during the 1st quarter valued at $359,000. Hedge funds and other institutional investors own 79.21% of the company's stock.

Commerce.com Price Performance

Shares of NASDAQ CMRC traded up $0.20 during mid-day trading on Monday, hitting $4.67. 542,113 shares of the company's stock traded hands, compared to its average volume of 843,585. The company's 50-day moving average is $4.79 and its two-hundred day moving average is $5.23. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.13 and a quick ratio of 2.13. The company has a market capitalization of $377.06 million, a P/E ratio of -21.23 and a beta of 1.15. Commerce.com, Inc. has a 1 year low of $4.14 and a 1 year high of $7.99.

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 company had revenue of $84.43 million for 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 revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 EPS. Commerce.com has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Canaccord Genuity Group restated a "buy" rating and set a $11.00 target price on shares of Commerce.com in a research note on Friday, August 1st. Needham & Company LLC restated a "buy" rating and set a $10.00 target price on shares of Commerce.com in a research note on Wednesday, August 20th. Finally, Wall Street Zen upgraded shares of Commerce.com from a "hold" rating to a "buy" rating in a research note on Sunday, August 10th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $8.42.

About Commerce.com

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.