Herald Investment Management Ltd Acquires 125,000 Shares of Commerce.com, Inc. (NASDAQ:CMRC)

Key Points

• Herald Investment Management Ltd increased its stake in Commerce.com by 25%, owning approximately 625,000 shares valued at $3.6 million.
• Commerce.com reported earnings of $0.04 per share, surpassing the consensus estimate of $0.03, indicating a 3.2% growth in revenue year-over-year.
• Analyst ratings for Commerce.com are mixed, with an average rating of "Hold" and a revised average price target of $8.07 per share.

Herald Investment Management Ltd boosted its position in shares of Commerce.com, Inc. (NASDAQ:CMRC - Free Report) by 25.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 625,000 shares of the company's stock after buying an additional 125,000 shares during the period. Herald Investment Management Ltd owned approximately 0.80% of Commerce.com worth $3,600,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CMRC. GAMMA Investing LLC increased its stake in shares of Commerce.com by 8,196.8% in the first quarter. GAMMA Investing LLC now owns 5,144 shares of the company's stock valued at $30,000 after buying an additional 5,082 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Commerce.com during the fourth quarter worth approximately $35,000. Next Level Private LLC acquired a new stake in Commerce.com during the first quarter worth approximately $58,000. KLP Kapitalforvaltning AS acquired a new stake in Commerce.com during the fourth quarter worth approximately $70,000. Finally, CWM LLC grew its stake in Commerce.com by 87.4% during the first quarter. CWM LLC now owns 12,482 shares of the company's stock worth $72,000 after purchasing an additional 5,820 shares during the period. 79.21% of the stock is currently owned by institutional investors and hedge funds.

Commerce.com Stock Performance

Shares of NASDAQ CMRC traded down $0.16 during mid-day trading on Friday, hitting $4.36. The company had a trading volume of 915,079 shares, compared to its average volume of 928,695. The company has a market capitalization of $349.24 million, a price-to-earnings ratio of -19.82 and a beta of 1.15. Commerce.com, Inc. has a 1 year low of $4.35 and a 1 year 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 moving average price is $4.97 and its 200-day moving average price is $5.52.

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 return on equity of 25.13% and a negative net margin of 5.37%. The business had revenue of $84.43 million during the quarter, compared to analysts' expectations of $86.08 million. During the same period in the previous year, the business earned $0.05 earnings per share. The firm's revenue was up 3.2% on a year-over-year basis.

Analyst Upgrades and Downgrades

Several research firms recently commented on CMRC. Canaccord Genuity Group reaffirmed a "buy" rating and set a $11.00 target price 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 research note on Sunday. The Goldman Sachs Group cut their price target on Commerce.com from $9.50 to $8.50 and set a "neutral" rating on the stock in a report on Friday, May 9th. Barclays cut their price target on Commerce.com from $7.00 to $6.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Finally, Morgan Stanley cut their price target on Commerce.com from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $8.07.

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.