Commerce.com, Inc. (NASDAQ:CMRC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Commerce.com, Inc. (NASDAQ:CMRC) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $7.90.

CMRC has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 9th. Zacks Research upgraded shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Commerce.com in a research note on Wednesday, October 8th. Finally, Barclays lowered their target price on Commerce.com from $5.00 to $3.00 and set an “underweight” rating for the company in a report on Monday.

Institutional Investors Weigh In On Commerce.com

A number of hedge funds have recently added to or reduced their stakes in CMRC. AQR Capital Management LLC grew its position in shares of Commerce.com by 2,028.0% during the first quarter. AQR Capital Management LLC now owns 278,583 shares of the company’s stock worth $1,605,000 after acquiring an additional 265,492 shares during the last quarter. Rhumbline Advisers lifted its position in 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Commerce.com by 15.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,826 shares of the company’s stock valued at $483,000 after purchasing an additional 11,509 shares during the period. CWM LLC grew its position in Commerce.com by 63.4% in the 2nd quarter. CWM LLC now owns 20,399 shares of the company’s stock worth $102,000 after purchasing an additional 7,917 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Commerce.com in the 2nd quarter worth about $76,000. 79.21% of the stock is currently owned by institutional investors.

Commerce.com Trading Down 1.9%

NASDAQ CMRC opened at $4.05 on Wednesday. The company has a market capitalization of $329.12 million, a price-to-earnings ratio of -25.31 and a beta of 1.09. The company has a debt-to-equity ratio of 3.67, a current ratio of 2.14 and a quick ratio of 2.14. Commerce.com has a 12 month low of $3.94 and a 12 month high of $7.50. The company’s fifty day moving average price is $4.45 and its two-hundred day moving average price is $4.68.

Commerce.com (NASDAQ:CMRC) last issued its earnings results on Thursday, November 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.16. Commerce.com had a negative net margin of 3.93% and a negative return on equity of 6.66%. The business had revenue of $86.03 million for the quarter. During the same quarter last year, the company posted $0.06 EPS. The business’s revenue for the quarter 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.