Commerce.com (NASDAQ:CMRC) Raised to Strong-Buy at Zacks Research

Commerce.com (NASDAQ:CMRC) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on CMRC. UBS Group set a $3.00 target price on Commerce.com in a report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Commerce.com in a report on Monday, April 20th. Needham & Company LLC reissued a “buy” rating and set a $7.50 price objective on shares of Commerce.com in a report on Thursday, April 30th. Wall Street Zen raised Commerce.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Barclays raised their price objective on Commerce.com from $2.00 to $3.00 and gave the company an “underweight” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $4.70.

Commerce.com Trading Up 1.0%

Shares of CMRC stock opened at $2.94 on Tuesday. The stock’s fifty day moving average price is $2.81 and its two-hundred day moving average price is $3.44. The company has a market cap of $242.58 million, a PE ratio of -16.33 and a beta of 1.14. Commerce.com has a fifty-two week low of $2.41 and a fifty-two week high of $5.55. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.98 and a current ratio of 1.98.

Institutional Investors Weigh In On Commerce.com

Hedge funds have recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Commerce.com during the 4th quarter valued at $27,000. New York State Common Retirement Fund bought a new position in Commerce.com during the 4th quarter worth $35,000. T3 Companies LLC bought a new position in Commerce.com during the 4th quarter worth $41,000. Avondale Wealth Management bought a new position in Commerce.com during the 4th quarter worth $41,000. Finally, R Squared Ltd bought a new position in Commerce.com during the 1st quarter worth $45,000. Institutional investors and hedge funds 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.