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

Shares of Commerce.com, Inc. (NASDAQ:CMRC) have earned an average recommendation of “Reduce” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $5.1667.

A number of equities analysts recently weighed in on CMRC shares. Wall Street Zen cut Commerce.com from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 19th. Needham & Company LLC decreased their price objective on Commerce.com from $10.00 to $7.50 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Zacks Research cut Commerce.com from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 22nd. Barclays decreased their price objective on Commerce.com from $3.00 to $2.00 and set an “underweight” rating on the stock in a report on Tuesday, February 17th. Finally, Canaccord Genuity Group decreased their price objective on Commerce.com from $11.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, February 13th.

Commerce.com Stock Performance

NASDAQ:CMRC opened at $2.94 on Friday. The business’s 50-day moving average price is $2.79 and its two-hundred day moving average price is $3.73. Commerce.com has a twelve month low of $2.41 and a twelve month high of $5.59. The stock has a market cap of $241.67 million, a P/E ratio of -12.78, a PEG ratio of 1.07 and a beta of 1.16. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 3.89.

Insider Buying and Selling at Commerce.com

In other news, insider Ellen F. Siminoff acquired 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were bought at an average cost of $2.94 per share, with a total value of $294,000.00. Following the acquisition, the insider owned 353,333 shares in the company, valued at approximately $1,038,799.02. This represents a 39.47% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Commerce.com

A number of large investors have recently modified their holdings of CMRC. AQR Capital Management LLC raised its holdings in shares of Commerce.com by 2,028.0% during the 1st quarter. AQR Capital Management LLC now owns 278,583 shares of the company’s stock valued at $1,605,000 after buying an additional 265,492 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 buying an additional 11,509 shares in the last quarter. Pallas Capital Advisors LLC purchased a new position in Commerce.com in the 4th quarter worth approximately $50,000. CWM LLC purchased a new position in Commerce.com in the 4th quarter worth approximately $159,000. Finally, M&T Bank Corp purchased a new position in Commerce.com in the 4th quarter worth approximately $5,679,000. 79.21% of the stock is owned by hedge funds and other institutional investors.

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.