Commerce.com, Inc. (NASDAQ:CMRC) Receives Average Recommendation of “Reduce” from Brokerages

Commerce.com, Inc. (NASDAQ:CMRC) has earned an average recommendation of “Reduce” from the seven research firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $4.1667.

A number of brokerages have commented on CMRC. Weiss Ratings restated a “sell (e+)” rating on shares of Commerce.com in a research note on Friday, July 17th. UBS Group reiterated a “neutral” rating and issued a $3.50 target price on shares of Commerce.com in a research note on Tuesday, July 21st. Barclays dropped their target price on Commerce.com from $3.00 to $2.00 and set an “underweight” rating on the stock in a report on Tuesday, August 11th. Zacks Research lowered Commerce.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Wall Street Zen cut Commerce.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th.

Commerce.com Stock Down 3.6%

Shares of NASDAQ CMRC opened at $2.41 on Thursday. Commerce.com has a 12-month low of $1.95 and a 12-month high of $5.55. The company has a market cap of $199.69 million, a P/E ratio of -34.42 and a beta of 1.13. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 2.95. The stock has a fifty day moving average price of $2.75 and a 200 day moving average price of $2.80.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CMRC. Corient Private Wealth LP grew its holdings in Commerce.com by 21.6% during the 2nd quarter. Corient Private Wealth LP now owns 94,603 shares of the company’s stock valued at $280,000 after purchasing an additional 16,794 shares in the last quarter. Pale Fire Capital SE increased its stake in Commerce.com by 3.5% during the 2nd quarter. Pale Fire Capital SE now owns 3,054,890 shares of the company’s stock worth $9,042,000 after buying an additional 102,796 shares during the period. Bank of New York Mellon Corp acquired a new position in Commerce.com in the 2nd quarter worth $689,000. Williams & Novak LLC acquired a new position in Commerce.com in the 2nd quarter worth $38,000. Finally, Segall Bryant & Hamill LLC purchased a new position in Commerce.com in the 1st quarter valued at about $926,000. 79.21% of the stock is 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.