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

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

A number of equities research analysts recently commented on CMRC shares. Barclays dropped their price objective on Commerce.com from $6.00 to $5.00 and set an “underweight” rating for the company in a report on Tuesday, October 21st. Wall Street Zen raised Commerce.com from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 9th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Commerce.com in a research note on Wednesday, October 8th.

Institutional Trading of Commerce.com

A number of hedge funds have recently made changes to their positions in the business. CWM LLC grew its stake in Commerce.com by 63.4% in the 2nd quarter. CWM LLC now owns 20,399 shares of the company’s stock valued at $102,000 after buying an additional 7,917 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Commerce.com during the second quarter worth $76,000. Rhumbline Advisers lifted its position in shares of Commerce.com by 3.6% during the 1st quarter. Rhumbline Advisers now owns 101,451 shares of the company’s stock worth $584,000 after buying an additional 3,535 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Commerce.com by 714.4% in the first quarter. Acadian Asset Management LLC now owns 690,548 shares of the company’s stock worth $3,976,000 after acquiring an additional 605,753 shares during the last quarter. Finally, S Squared Technology LLC grew its holdings in shares of Commerce.com by 1,137.3% during the 1st quarter. S Squared Technology LLC now owns 618,662 shares of the company’s stock valued at $3,563,000 after purchasing an additional 568,662 shares during the last quarter. 79.21% of the stock is owned by institutional investors and hedge funds.

Commerce.com Stock Performance

CMRC opened at $4.22 on Friday. Commerce.com has a 1 year low of $4.14 and a 1 year high of $7.50. The stock has a market cap of $342.92 million, a PE ratio of -26.38 and a beta of 1.04. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 3.67. The stock’s 50 day simple moving average is $4.64 and its 200-day simple moving average is $4.78.

Commerce.com (NASDAQ:CMRC) last posted its earnings results on Thursday, November 6th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.16. Commerce.com had a negative return on equity of 6.66% and a negative net margin of 3.93%.The business had revenue of $86.03 million during the quarter. During the same quarter last year, the business earned $0.06 EPS. Commerce.com’s quarterly revenue was up 2.7% compared to the same quarter last year.

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. As of December 31, 2021, it served approximately 60,000 online stores across industries.