Clearline Capital LP Sells 118,216 Shares of Commerce.com, Inc. $CMRC

Key Points

• Clearline Capital LP has reduced its stake in Commerce.com, Inc. (NASDAQ: CMRC) by 10.0%, selling 118,216 shares, now holding 1,064,741 shares valued at approximately $6.13 million.
• Institutional investors now own 79.21% of Commerce.com's stock, with notable transactions including GAMMA Investing LLC increasing its holdings by 8,196.8%.
• Needham & Company LLC restated a "buy" rating on Commerce.com with a price objective of $10.00, while the stock currently holds an average rating of "Hold" with a consensus price target of $8.42.

Clearline Capital LP trimmed its holdings in Commerce.com, Inc. (NASDAQ:CMRC - Free Report) by 10.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,064,741 shares of the company's stock after selling 118,216 shares during the period. Clearline Capital LP owned 1.35% of Commerce.com worth $6,133,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CMRC. US Bancorp DE lifted its position in shares of Commerce.com by 12.1% during the first quarter. US Bancorp DE now owns 22,196 shares of the company's stock worth $128,000 after purchasing an additional 2,400 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Commerce.com by 3.6% in the 1st quarter. Rhumbline Advisers now owns 101,451 shares of the company's stock worth $584,000 after acquiring an additional 3,535 shares during the period. GAMMA Investing LLC increased its holdings in shares of Commerce.com by 8,196.8% in the 1st quarter. GAMMA Investing LLC now owns 5,144 shares of the company's stock worth $30,000 after acquiring an additional 5,082 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Commerce.com during the 4th quarter worth $35,000. Finally, CWM LLC increased its stake in Commerce.com by 87.4% during the 1st quarter. CWM LLC now owns 12,482 shares of the company's stock valued at $72,000 after buying an additional 5,820 shares during the period. 79.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Commerce.com Trading Down 1.7%

Shares of NASDAQ:CMRC traded down $0.08 during trading on Friday, hitting $4.58. 643,656 shares of the company's stock were exchanged, compared to its average volume of 850,039. Commerce.com, Inc. has a 1-year low of $4.14 and a 1-year high of $7.99. The firm has a 50-day moving average price of $4.76 and a two-hundred day moving average price of $5.19. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 4.06. The firm has a market cap of $369.77 million, a P/E ratio of -20.82 and a beta of 1.15.

Commerce.com (NASDAQ:CMRC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. Commerce.com had a negative net margin of 5.37% and a negative return on equity of 25.13%. The business had revenue of $84.43 million for the quarter, compared to analyst estimates of $86.08 million. During the same quarter last year, the firm earned $0.05 EPS. Commerce.com's quarterly revenue was up 3.2% compared to the same quarter last year. Commerce.com has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

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.