Commerce.com, Inc. (NASDAQ:CMRC) Stock Has Consensus Price Target of $4.17 According to Analysts

Commerce.com, Inc. (NASDAQ:CMRC) has received an average recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $4.17.

A number of research firms recently weighed in on CMRC. The Goldman Sachs Group set a $5.00 price target on shares of Commerce.com in a research report on Monday, August 10th. UBS Group reiterated a “neutral” rating and issued a $3.50 price objective on shares of Commerce.com in a report on Tuesday, July 21st. Zacks Research upgraded shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Commerce.com in a report on Thursday. Finally, Canaccord Genuity Group restated a “hold” rating and set a $3.00 target price (down from $6.00) on shares of Commerce.com in a report on Friday, August 7th.

Institutional Investors Weigh In On Commerce.com

Several hedge funds and other institutional investors have recently made changes to their positions in CMRC. Pale Fire Capital SE lifted its position in Commerce.com by 294.2% during the first quarter. Pale Fire Capital SE now owns 2,952,094 shares of the company’s stock worth $7,882,000 after buying an additional 2,203,169 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Commerce.com during the second quarter worth $689,000. Segall Bryant & Hamill LLC purchased a new stake in Commerce.com in the 1st quarter valued at $926,000. Corient Private Wealth LP grew its holdings in Commerce.com by 21.6% in the 2nd quarter. Corient Private Wealth LP now owns 94,603 shares of the company’s stock valued at $280,000 after buying an additional 16,794 shares in the last quarter. Finally, Williams & Novak LLC purchased a new stake in Commerce.com in the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

Commerce.com Price Performance

Shares of NASDAQ CMRC opened at $3.44 on Friday. The firm has a 50-day simple moving average of $2.87 and a 200-day simple moving average of $2.89. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 2.95. The stock has a market capitalization of $285.03 million, a price-to-earnings ratio of -49.14 and a beta of 1.05. Commerce.com has a 52 week low of $1.95 and a 52 week high of $5.55.

About Commerce.com

Commerce.com, Inc is a commerce technology company that provides software designed to help businesses build, operate and expand digital commerce experiences. Its platform is intended to support online selling across branded websites and other digital channels.

The company’s offerings include tools for creating and managing digital storefronts, product catalogs, shopping carts, checkout processes and customer interactions. Commerce.com also provides capabilities that help businesses manage orders and commerce operations, with an emphasis on supporting flexible and integrated digital experiences.

Commerce.com serves businesses seeking technology for direct-to-consumer, business-to-business and other online commerce models.