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

Shares of Commerce.com, Inc. (NASDAQ:CMRC) have received an average rating of “Reduce” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $5.5833.

A number of equities analysts have recently commented on the company. Morgan Stanley cut Commerce.com from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $6.50 to $4.00 in a report on Tuesday, January 20th. UBS Group set a $3.00 price objective on Commerce.com in a research note on Friday, February 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a research report on Wednesday, January 21st. Canaccord Genuity Group lowered their target price on Commerce.com from $11.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Finally, Wall Street Zen cut shares of Commerce.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th.

Commerce.com Price Performance

NASDAQ CMRC opened at $2.47 on Monday. The business has a fifty day moving average price of $2.92 and a two-hundred day moving average price of $4.00. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.98 and a quick ratio of 1.98. Commerce.com has a fifty-two week low of $2.41 and a fifty-two week high of $6.01. The stock has a market capitalization of $203.03 million, a PE ratio of -10.74, a PEG ratio of 0.87 and a beta of 1.19.

Insider Buying and Selling

In related news, insider Ellen F. Siminoff acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was acquired at an average price of $2.94 per share, with a total value of $294,000.00. Following the purchase, the insider directly owned 353,333 shares in the company, valued at approximately $1,038,799.02. This trade represents a 39.47% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 9.06% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CMRC. AQR Capital Management LLC boosted 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 acquiring an additional 265,492 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 valued at $483,000 after purchasing an additional 11,509 shares in the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of Commerce.com during the fourth quarter worth about $50,000. CWM LLC bought a new stake in shares of Commerce.com during the fourth quarter worth about $159,000. Finally, M&T Bank Corp acquired a new position in shares of Commerce.com in the fourth quarter valued at approximately $5,679,000. 79.21% of the stock is currently owned by institutional investors and hedge funds.

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.