Commerce.com, Inc. (NASDAQ:CMRC) Given Consensus Recommendation of “Hold” by Brokerages

Commerce.com, Inc. (NASDAQ:CMRC) has earned a consensus rating of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $8.30.

CMRC has been the subject of several research reports. Canaccord Genuity Group reissued a “buy” rating and issued a $11.00 price objective on shares of Commerce.com in a research report on Friday, August 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of Commerce.com in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 9th. Barclays cut their price objective on shares of Commerce.com from $6.00 to $5.00 and set an “underweight” rating for the company in a research report on Tuesday, October 21st. Finally, Needham & Company LLC reissued a “buy” rating and set a $10.00 target price on shares of Commerce.com in a research report on Wednesday, August 20th.

Insider Buying and Selling at Commerce.com

In related news, insider Russell Scott Klein sold 98,080 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $4.59, for a total value of $450,187.20. Following the completion of the transaction, the insider directly owned 444,001 shares in the company, valued at approximately $2,037,964.59. This represents a 18.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 9.06% of the company’s stock.

Hedge Funds Weigh In On Commerce.com

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC increased its stake in Commerce.com by 63.4% in the second quarter. CWM LLC now owns 20,399 shares of the company’s stock valued at $102,000 after acquiring an additional 7,917 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Commerce.com during the second quarter valued at approximately $76,000. Rhumbline Advisers grew its stake in shares of Commerce.com by 3.6% in the 1st quarter. Rhumbline Advisers now owns 101,451 shares of the company’s stock valued at $584,000 after purchasing an additional 3,535 shares during the period. Acadian Asset Management LLC grew its stake in shares of Commerce.com by 714.4% in the 1st quarter. Acadian Asset Management LLC now owns 690,548 shares of the company’s stock valued at $3,976,000 after purchasing an additional 605,753 shares during the period. Finally, S Squared Technology LLC raised its holdings in shares of Commerce.com by 1,137.3% in the 1st quarter. S Squared Technology LLC now owns 618,662 shares of the company’s stock worth $3,563,000 after buying an additional 568,662 shares in the last quarter. 79.21% of the stock is owned by institutional investors.

Commerce.com Trading Up 1.4%

Shares of NASDAQ:CMRC opened at $4.46 on Tuesday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 2.14 and a current ratio of 2.14. The stock’s 50-day moving average is $4.81 and its 200-day moving average is $4.85. The company has a market cap of $362.42 million, a P/E ratio of -27.88 and a beta of 1.07. Commerce.com has a 52-week low of $4.14 and a 52-week high of $7.99.

Commerce.com (NASDAQ:CMRC) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.16. The business had revenue of $86.03 million during the quarter. Commerce.com had a negative return on equity of 6.66% and a negative net margin of 3.93%.Commerce.com’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 EPS. Commerce.com has set its FY 2025 guidance at EPS. Q4 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.