Commerce.com (NASDAQ:CMRC) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Commerce.com (NASDAQ:CMRC) from a strong-buy rating to a hold rating in a research note released on Thursday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Barclays dropped their price target on Commerce.com from $5.00 to $3.00 and set an “underweight” rating for the company in a research report on Monday, January 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a report on Wednesday. Wall Street Zen downgraded Commerce.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Morgan Stanley lowered Commerce.com from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $6.50 to $4.00 in a report on Tuesday. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $7.30.

Commerce.com Stock Down 3.0%

Shares of CMRC opened at $3.27 on Thursday. The company has a debt-to-equity ratio of 3.67, a current ratio of 2.14 and a quick ratio of 2.14. The stock has a market capitalization of $265.72 million, a price-to-earnings ratio of -20.44 and a beta of 1.09. Commerce.com has a 1 year low of $3.26 and a 1 year high of $7.50. The business’s 50 day simple moving average is $4.23 and its 200-day simple moving average is $4.59.

Commerce.com (NASDAQ:CMRC) last announced its quarterly earnings results 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 company had revenue of $86.03 million for the quarter. Commerce.com had a negative net margin of 3.93% and a negative return on equity of 6.66%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 EPS.

Institutional Trading of Commerce.com

A number of large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC purchased a new position in Commerce.com during the 2nd quarter worth $76,000. CWM LLC grew its position in shares of Commerce.com by 63.4% during the 2nd quarter. CWM LLC now owns 20,399 shares of the company’s stock worth $102,000 after buying an additional 7,917 shares in the last quarter. Pallas Capital Advisors LLC purchased a new position in shares of Commerce.com during the fourth quarter valued at $50,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Commerce.com by 15.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,826 shares of the company’s stock valued at $483,000 after acquiring an additional 11,509 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Commerce.com by 2,028.0% in the first quarter. AQR Capital Management LLC now owns 278,583 shares of the company’s stock valued at $1,605,000 after acquiring an additional 265,492 shares in the last quarter. Hedge funds and other institutional investors own 79.21% of the company’s stock.

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.