Wall Street Zen Downgrades Commerce.com (NASDAQ:CMRC) to Buy

Commerce.com (NASDAQ:CMRC) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other analysts also recently issued reports on the stock. Morgan Stanley downgraded shares of Commerce.com from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $6.50 to $4.00 in a research report on Tuesday. Weiss Ratings restated a “sell (e+)” rating on shares of Commerce.com in a research note on Wednesday. Zacks Research raised shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Finally, Barclays cut their price objective on shares of Commerce.com from $5.00 to $3.00 and set an “underweight” rating on the stock in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7.30.

Commerce.com Stock Performance

Shares of NASDAQ CMRC opened at $3.27 on Friday. The company has a market cap of $265.72 million, a PE ratio of -20.44 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 $3.26 and a 12 month high of $7.50. The company has a 50-day simple moving average of $4.23 and a 200-day simple moving average of $4.60.

Commerce.com (NASDAQ:CMRC) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $86.03 million for the quarter. During the same quarter last year, the business earned $0.06 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year.

Institutional Investors Weigh In On Commerce.com

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new position in Commerce.com during the second quarter worth $76,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Commerce.com by 15.9% during the first 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 last quarter. CWM LLC raised its holdings in shares of Commerce.com by 63.4% during the second 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 period. Pallas Capital Advisors LLC bought a new position in shares of Commerce.com in the 4th quarter worth about $50,000. Finally, AQR Capital Management LLC lifted its position in shares of Commerce.com by 2,028.0% in the 1st quarter. AQR Capital Management LLC now owns 278,583 shares of the company’s stock worth $1,605,000 after buying an additional 265,492 shares during the last quarter. 79.21% of the stock is owned by institutional investors and hedge funds.

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