600,000 Shares in Commerce.com, Inc. $CMRC Acquired by P.A.W. Capital Corp

P.A.W. Capital Corp bought a new position in shares of Commerce.com, Inc. (NASDAQ:CMRC) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 600,000 shares of the company’s stock, valued at approximately $2,472,000. Commerce.com makes up 5.4% of P.A.W. Capital Corp’s portfolio, making the stock its 9th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of CMRC. ProShare Advisors LLC bought a new position in shares of Commerce.com during the 4th quarter worth approximately $50,000. Pallas Capital Advisors LLC bought a new position in shares of Commerce.com during the 4th quarter worth approximately $50,000. HighTower Advisors LLC bought a new position in Commerce.com in the 4th quarter valued at $57,000. Inscription Capital LLC bought a new position in Commerce.com in the 4th quarter valued at $58,000. Finally, M&T Bank Corp bought a new position in Commerce.com in the 4th quarter valued at $64,000. Institutional investors own 79.21% of the company’s stock.

Wall Street Analysts Forecast Growth

CMRC has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $7.50 price objective on shares of Commerce.com in a research report on Thursday, April 30th. Barclays lifted their price objective on Commerce.com from $2.00 to $3.00 and gave the company an “underweight” rating in a research report on Monday, May 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a research report on Monday, April 20th. Zacks Research upgraded Commerce.com from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen upgraded Commerce.com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Commerce.com has a consensus rating of “Hold” and an average price target of $4.70.

Commerce.com Stock Performance

Shares of CMRC opened at $3.13 on Monday. The stock has a fifty day moving average price of $2.83 and a two-hundred day moving average price of $3.41. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.98 and a current ratio of 1.98. Commerce.com, Inc. has a 52-week low of $2.41 and a 52-week high of $5.55. The company has a market cap of $258.26 million, a price-to-earnings ratio of -17.39 and a beta of 1.17.

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.