Clearline Capital LP Lowers Stake in 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 lowered its holdings in shares of Commerce.com, Inc. (NASDAQ:CMRC - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,064,741 shares of the company's stock after selling 118,216 shares during the period. Clearline Capital LP owned about 1.35% of Commerce.com worth $6,133,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Millennium Management LLC grew its holdings in shares of Commerce.com by 1,073.1% during the 4th quarter. Millennium Management LLC now owns 1,245,111 shares of the company's stock valued at $7,620,000 after purchasing an additional 1,138,977 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Commerce.com by 55.7% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,083,965 shares of the company's stock valued at $6,244,000 after purchasing an additional 387,836 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Commerce.com by 1.5% during the 4th quarter. Deutsche Bank AG now owns 990,275 shares of the company's stock valued at $6,060,000 after purchasing an additional 14,772 shares during the last quarter. Trexquant Investment LP grew its holdings in shares of Commerce.com by 105.4% during the 1st quarter. Trexquant Investment LP now owns 777,992 shares of the company's stock valued at $4,481,000 after purchasing an additional 399,164 shares during the last quarter. Finally, Northern Trust Corp grew its holdings 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 last quarter. Institutional investors own 79.21% of the company's stock.

Commerce.com Trading Down 1.7%

Shares of NASDAQ:CMRC traded down $0.08 on Friday, hitting $4.58. The company had a trading volume of 643,896 shares, compared to its average volume of 820,123. The firm's 50-day simple moving average is $4.75 and its two-hundred day simple moving average is $5.17. Commerce.com, Inc. has a 1 year low of $4.14 and a 1 year high of $7.99. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 4.06. The firm has a market capitalization of $369.79 million, a price-to-earnings ratio of -20.82 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 net margin of 5.37% and a negative return on equity of 25.13%. The firm had revenue of $84.43 million during the quarter, compared to analysts' expectations of $86.08 million. During the same period last year, the company posted $0.05 EPS. The company'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.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and set a $11.00 target price on shares of Commerce.com in a report on Friday, August 1st. Wall Street Zen raised shares of Commerce.com from a "hold" rating to a "buy" rating in a report on Sunday, August 10th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $10.00 price target on shares of Commerce.com in a 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 given a Sell rating to the company's stock. According to MarketBeat, Commerce.com currently has a consensus rating of "Hold" and an average target price of $8.42.

Commerce.com Company Profile

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.