Commerce.com (NASDAQ:CMRC) Upgraded at Wall Street Zen

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

Several other equities analysts have also commented on CMRC. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a research report on Wednesday, January 21st. Barclays cut their target price on Commerce.com from $5.00 to $3.00 and set an “underweight” rating for the company in a research note on Monday, January 12th. UBS Group set a $3.00 price target on shares of Commerce.com in a research report on Friday. Canaccord Genuity Group lowered their price objective on shares of Commerce.com from $11.00 to $6.00 and set a “buy” rating for the company in a report on Friday. Finally, 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 report on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $5.75.

Commerce.com Stock Up 12.6%

Shares of NASDAQ:CMRC opened at $2.77 on Friday. Commerce.com has a 52-week low of $2.41 and a 52-week high of $7.50. The firm has a fifty day moving average of $3.77 and a 200 day moving average of $4.38. The firm has a market capitalization of $225.10 million, a PE ratio of -12.04 and a beta of 1.15. The company has a debt-to-equity ratio of 3.67, a quick ratio of 2.14 and a current ratio of 2.14.

Institutional Investors Weigh In On Commerce.com

A number of large investors have recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Commerce.com in the fourth quarter valued at about $27,000. New York State Common Retirement Fund bought a new stake in shares of Commerce.com in the fourth quarter worth about $35,000. T3 Companies LLC purchased a new stake in Commerce.com in the 4th quarter worth approximately $41,000. Cerity Partners LLC bought a new stake in shares of Commerce.com in the 4th quarter worth approximately $49,000. Finally, ProShare Advisors LLC purchased a new position in shares of Commerce.com during the fourth quarter valued at approximately $50,000. 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.