Commerce.com, Inc. $CMRC Shares Bought by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC significantly increased its stake in Commerce.com by 3,397.1%, acquiring a total of 520,409 shares valued at approximately $2.998 million.
• Commerce.com reported quarterly earnings of $0.04 per share, exceeding estimates, but revenue of $84.43 million fell short of the consensus forecast of $86.08 million.
• Analysts have mixed views on Commerce.com, with a consensus "Hold" rating and a price target of $8.42, while some analysts set targets as high as $11.00.

Cubist Systematic Strategies LLC increased its position in shares of Commerce.com, Inc. (NASDAQ:CMRC - Free Report) by 3,397.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 520,409 shares of the company's stock after acquiring an additional 505,528 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.66% of Commerce.com worth $2,998,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CMRC. GAMMA Investing LLC grew its holdings in Commerce.com by 8,196.8% in the first quarter. GAMMA Investing LLC now owns 5,144 shares of the company's stock worth $30,000 after purchasing an additional 5,082 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Commerce.com in the 4th quarter worth $35,000. Next Level Private LLC purchased a new position in Commerce.com during the 1st quarter worth $58,000. Sei Investments Co. acquired a new position in Commerce.com during the 1st quarter valued at about $64,000. Finally, CWM LLC raised its stake in Commerce.com by 87.4% in the first 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 last quarter. 79.21% of the stock is currently owned by institutional investors and hedge funds.

Commerce.com Stock Performance

Shares of NASDAQ:CMRC traded up $0.14 during trading on Thursday, hitting $4.66. The stock had a trading volume of 1,185,338 shares, compared to its average volume of 826,259. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 4.06. Commerce.com, Inc. has a 12-month low of $4.14 and a 12-month high of $7.99. The stock has a market capitalization of $376.23 million, a price-to-earnings ratio of -21.18 and a beta of 1.15. The stock has a 50-day simple moving average of $4.76 and a two-hundred day simple moving average of $5.19.

Commerce.com (NASDAQ:CMRC - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $84.43 million for the quarter, compared to the consensus estimate of $86.08 million. During the same quarter in the prior year, the company earned $0.05 EPS. Commerce.com's quarterly 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.

Wall Street Analyst Weigh In

CMRC has been the topic of a number of research analyst reports. Needham & Company LLC restated a "buy" rating and set a $10.00 price target on shares of Commerce.com in a research note on Wednesday, August 20th. Wall Street Zen raised shares of Commerce.com from a "hold" rating to a "buy" rating in a research report on Sunday, August 10th. Finally, Canaccord Genuity Group restated a "buy" rating and set a $11.00 price target on shares of Commerce.com in a research note on Friday, August 1st. Three investment 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. According to MarketBeat, Commerce.com presently has an average rating of "Hold" and a consensus price target of $8.42.

Commerce.com 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.