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

Commerce.com, Inc. (NASDAQ:CMRC) has been given an average recommendation of “Reduce” by the seven brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $7.30.

Several analysts have commented on CMRC shares. Barclays lowered their price objective on shares of Commerce.com from $5.00 to $3.00 and set an “underweight” rating for the company in a report on Monday, January 12th. Morgan Stanley downgraded shares of Commerce.com from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $6.50 to $4.00 in a research report on Tuesday, January 20th. Zacks Research cut shares of Commerce.com from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 22nd. Wall Street Zen cut Commerce.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 24th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a research report on Wednesday, January 21st.

Institutional Trading of Commerce.com

Several hedge funds have recently modified their holdings of the company. CWM LLC raised its position in Commerce.com by 63.4% during the second quarter. CWM LLC now owns 20,399 shares of the company’s stock valued at $102,000 after purchasing an additional 7,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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. Pallas Capital Advisors LLC purchased a new stake in Commerce.com during the fourth quarter worth $50,000. ProShare Advisors LLC purchased a new stake in shares of Commerce.com during the 4th quarter worth $50,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Commerce.com during the fourth quarter valued at about $57,000. 79.21% of the stock is owned by hedge funds and other institutional investors.

Commerce.com Stock Performance

Commerce.com stock opened at $2.97 on Friday. 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 firm has a market cap of $241.34 million, a P/E ratio of -18.56 and a beta of 1.15. Commerce.com has a 1-year low of $2.78 and a 1-year high of $7.50. The firm has a 50-day moving average of $3.95 and a 200-day moving average of $4.46.

Commerce.com (NASDAQ:CMRC) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.08 EPS for the quarter, beating 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 business had revenue of $86.03 million during the quarter. During the same period in the previous year, the company earned $0.06 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis.

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.