PDT Partners LLC Boosts Stock Position in Commerce.com, Inc. $CMRC

Key Points

• PDT Partners LLC increased its stake in Commerce.com, Inc. by 120.4%, now holding approximately 118,206 shares valued at $681,000.
• Several institutional investors have made significant moves, including GAMMA Investing LLC, which grew its holdings by 8,196.8% during the first quarter.
• Analysts have mixed ratings on Commerce.com, with price targets ranging from $8.50 to $11.00 following the company’s latest earnings report, which showed a slight revenue increase of 3.2% year over year.

PDT Partners LLC lifted its holdings in Commerce.com, Inc. (NASDAQ:CMRC - Free Report) by 120.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,206 shares of the company's stock after purchasing an additional 64,563 shares during the period. PDT Partners LLC owned about 0.15% of Commerce.com worth $681,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CMRC. Millennium Management LLC increased its stake in Commerce.com by 1,073.1% during the 4th quarter. Millennium Management LLC now owns 1,245,111 shares of the company's stock worth $7,620,000 after buying an additional 1,138,977 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in 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 worth $6,244,000 after buying an additional 387,836 shares in the last quarter. Deutsche Bank AG increased its stake in Commerce.com by 1.5% during the 4th quarter. Deutsche Bank AG now owns 990,275 shares of the company's stock worth $6,060,000 after buying an additional 14,772 shares in the last quarter. Trexquant Investment LP increased its stake in Commerce.com by 105.4% during the 1st quarter. Trexquant Investment LP now owns 777,992 shares of the company's stock worth $4,481,000 after buying an additional 399,164 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Commerce.com by 8.4% during the 4th quarter. Northern Trust Corp now owns 662,877 shares of the company's stock worth $4,057,000 after buying an additional 51,428 shares in the last quarter. Hedge funds and other institutional investors own 79.21% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CMRC. Needham & Company LLC restated a "buy" rating and set a $10.00 target price on shares of Commerce.com in a report on Wednesday, August 20th. Wall Street Zen upgraded Commerce.com from a "hold" rating to a "buy" rating in a report on Sunday, August 10th. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $11.00 price objective on shares of Commerce.com in a report on Friday, August 1st. Three equities 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. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $8.42.

Commerce.com Trading Down 0.6%

CMRC stock traded down $0.03 during midday trading on Tuesday, hitting $4.63. 377,210 shares of the company's stock were exchanged, compared to its average volume of 845,608. The business has a 50-day simple moving average of $4.79 and a two-hundred day simple moving average of $5.23. 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 has a market capitalization of $373.80 million, a PE ratio of -21.05 and a beta of 1.15. Commerce.com, Inc. has a 1-year low of $4.14 and a 1-year high of $7.99.

Commerce.com (NASDAQ:CMRC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $84.43 million for the quarter, compared to analysts' expectations of $86.08 million. During the same period in the prior year, the firm earned $0.05 earnings per share. The firm's 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.

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.