Commerce.com, Inc. $CMRC Shares Acquired by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC significantly increased its holdings in Commerce.com, Inc. ($CMRC) by 714.4% in the first quarter, acquiring a total of 690,548 shares valued at approximately $3.98 million.
• Wall Street analysts have expressed optimism about Commerce.com, with three analysts rating it as a Buy, contributing to a consensus rating of "Hold" and an average price target of $8.42.
• Despite a quarterly revenue of $84.43 million, commerce.com missed the consensus estimate of $86.08 million, showing a year-over-year revenue increase of 3.2% while reporting an EPS of $0.04, slightly exceeding expectations.

Acadian Asset Management LLC raised its holdings in shares of Commerce.com, Inc. (NASDAQ:CMRC - Free Report) by 714.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 690,548 shares of the company's stock after purchasing an additional 605,753 shares during the quarter. Acadian Asset Management LLC owned 0.88% of Commerce.com worth $3,976,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Commerce.com by 8,196.8% during the 1st quarter. GAMMA Investing LLC now owns 5,144 shares of the company's stock valued at $30,000 after purchasing an additional 5,082 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Commerce.com during the 4th quarter valued at approximately $35,000. Next Level Private LLC acquired a new stake in Commerce.com during the 1st quarter valued at approximately $58,000. Sei Investments Co. acquired a new stake in Commerce.com during the 1st quarter valued at approximately $64,000. Finally, CWM LLC grew 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 purchasing an additional 5,820 shares in the last quarter. Institutional investors and hedge funds own 79.21% of the company's stock.

Wall Street Analyst Weigh In

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

Commerce.com Trading Down 1.7%

Shares of NASDAQ CMRC opened at $4.58 on Monday. The company has a market cap of $369.77 million, a price-to-earnings ratio of -20.82 and a beta of 1.15. Commerce.com, Inc. has a 12-month low of $4.14 and a 12-month high of $7.99. 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 stock's 50 day simple moving average is $4.75 and its 200 day simple moving average is $5.15.

Commerce.com (NASDAQ:CMRC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $84.43 million for the quarter, compared to the consensus estimate of $86.08 million. Commerce.com had a negative return on equity of 25.13% and a negative net margin of 5.37%.The business's revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $0.05 EPS. 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.

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