Commerce.com, Inc. (NASDAQ:CMRC) Receives $4.70 Consensus Price Target from Analysts

Commerce.com, Inc. (NASDAQ:CMRC) has received an average recommendation of “Reduce” from the six analysts that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $4.70.

Several research firms have recently weighed in on CMRC. Needham & Company LLC reiterated a “buy” rating and issued a $7.50 price objective on shares of Commerce.com in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Commerce.com in a research note on Monday, April 20th. Zacks Research cut shares of Commerce.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Barclays raised their target price on Commerce.com from $2.00 to $3.00 and gave the company an “underweight” rating in a research note on Monday, May 11th. Finally, Wall Street Zen raised Commerce.com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th.

Commerce.com Trading Up 1.3%

Shares of CMRC stock opened at $3.12 on Wednesday. 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. The stock has a 50 day simple moving average of $2.92 and a two-hundred day simple moving average of $3.07. The company has a market cap of $257.43 million, a P/E ratio of -17.33 and a beta of 1.15.

Hedge Funds Weigh In On Commerce.com

Institutional investors have recently modified their holdings of the company. Quarry LP acquired a new stake in Commerce.com in the 4th quarter valued at $27,000. New York State Common Retirement Fund acquired a new position in Commerce.com during the fourth quarter worth $35,000. Williams & Novak LLC bought a new position in shares of Commerce.com in the second quarter valued at $38,000. T3 Companies LLC bought a new position in shares of Commerce.com in the fourth quarter valued at $41,000. Finally, Avondale Wealth Management acquired a new position in shares of Commerce.com during the fourth quarter valued at about $41,000. 79.21% of the stock is owned by institutional investors and hedge funds.

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.