US Bancorp DE Has $128,000 Position in Commerce.com, Inc. (NASDAQ:CMRC)

US Bancorp DE boosted its position in shares of Commerce.com, Inc. (NASDAQ:CMRC) by 12.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,196 shares of the company’s stock after purchasing an additional 2,400 shares during the period. US Bancorp DE’s holdings in Commerce.com were worth $128,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Divisar Capital Management LLC raised its stake in shares of Commerce.com by 48.5% during the fourth quarter. Divisar Capital Management LLC now owns 1,872,031 shares of the company’s stock worth $11,457,000 after buying an additional 611,811 shares during the last quarter. Millennium Management LLC grew its holdings in Commerce.com by 1,073.1% during the fourth 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 period. Deutsche Bank AG grew its holdings in Commerce.com by 1.5% during the fourth 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 period. Renaissance Technologies LLC grew its holdings in Commerce.com by 6.7% during the fourth quarter. Renaissance Technologies LLC now owns 880,005 shares of the company’s stock valued at $5,386,000 after purchasing an additional 55,353 shares during the period. Finally, Northern Trust Corp grew its holdings in Commerce.com by 8.4% during the fourth 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 period. 79.21% of the stock is owned by institutional investors.

Commerce.com Stock Performance

NASDAQ CMRC opened at $4.65 on Friday. 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 firm’s fifty day moving average price is $4.91 and its two-hundred day moving average price is $5.45. Commerce.com, Inc. has a 1 year low of $4.14 and a 1 year high of $7.99. The firm has a market capitalization of $375.44 million, a P/E ratio of -21.14 and a beta of 1.15.

Commerce.com (NASDAQ:CMRC) last posted 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. 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 for the quarter, compared to analyst estimates of $86.08 million. During the same period in the prior year, the firm posted $0.05 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CMRC. The Goldman Sachs Group decreased their price objective on shares of Commerce.com from $9.50 to $8.50 and set a “neutral” rating for the company in a report on Friday, May 9th. Canaccord Genuity Group reiterated a “buy” rating and issued a $11.00 price target on shares of Commerce.com in a report on Friday, August 1st. Barclays reduced their price target on shares of Commerce.com from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Monday, April 21st. Finally, Wall Street Zen upgraded shares of Commerce.com from a “hold” rating to a “buy” rating in a report on Sunday, August 10th. Two investment 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.com, the stock has a consensus rating of “Hold” and an average 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.