Commerce.com (NASDAQ:CMRC) Lowered to “Buy” Rating by Wall Street Zen

Commerce.com (NASDAQ:CMRC) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

CMRC has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a research report on Wednesday, January 21st. UBS Group set a $3.00 target price on shares of Commerce.com in a research report on Friday, February 13th. Morgan Stanley lowered shares of Commerce.com from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $6.50 to $4.00 in a research note on Tuesday, January 20th. Barclays lowered their price target on shares of Commerce.com from $3.00 to $2.00 and set an “underweight” rating for the company in a research report on Tuesday, February 17th. Finally, Zacks Research lowered shares of Commerce.com from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Commerce.com currently has an average rating of “Reduce” and a consensus price target of $5.58.

Commerce.com Stock Down 1.6%

Shares of CMRC opened at $3.01 on Friday. The firm has a market capitalization of $244.59 million, a price-to-earnings ratio of -13.09, a PEG ratio of 1.07 and a beta of 1.19. The company has a debt-to-equity ratio of 3.89, a quick ratio of 2.14 and a current ratio of 1.98. The business’s fifty day moving average price is $3.33 and its two-hundred day moving average price is $4.21. Commerce.com has a 52 week low of $2.41 and a 52 week high of $6.52.

Insider Activity

In related news, insider Ellen F. Siminoff acquired 100,000 shares of the stock in a transaction dated Tuesday, February 17th. The stock was bought at an average price of $2.94 per share, with a total value of $294,000.00. Following the completion of the transaction, the insider directly owned 353,333 shares of the company’s stock, valued at approximately $1,038,799.02. The trade was a 39.47% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Commerce.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its stake 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 valued at $1,605,000 after purchasing an additional 265,492 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of 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 worth $483,000 after buying an additional 11,509 shares during the period. Pallas Capital Advisors LLC acquired a new position in shares of Commerce.com during the fourth quarter worth about $50,000. CWM LLC bought a new position in shares of Commerce.com during the fourth quarter worth about $159,000. Finally, M&T Bank Corp bought a new position in shares of Commerce.com during the fourth quarter worth about $5,679,000. 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.