Commerce.com (NASDAQ:CMRC) Stock Rating Lowered by Zacks Research

Commerce.com (NASDAQ:CMRC) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks reports.

Several other research firms also recently issued reports on CMRC. Wall Street Zen raised shares of Commerce.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Commerce.com in a research report on Thursday, October 15th. The Goldman Sachs Group set a $5.00 target price on Commerce.com in a report on Monday, August 10th. Canaccord Genuity Group downgraded Commerce.com from a “buy” rating to a “hold” rating and cut their target price for the stock from $6.00 to $3.00 in a report on Friday, August 7th. Finally, Barclays reduced their price target on Commerce.com from $3.00 to $2.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $4.17.

Commerce.com Stock Performance

Commerce.com stock opened at $3.66 on Tuesday. The business has a 50 day moving average of $3.33 and a 200-day moving average of $2.94. The company has a market capitalization of $303.27 million, a P/E ratio of -45.75 and a beta of 1.09. Commerce.com has a 1 year low of $1.95 and a 1 year high of $5.55. The company has a debt-to-equity ratio of 2.91, a current ratio of 2.02 and a quick ratio of 2.03.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Williams & Novak LLC acquired a new stake in Commerce.com during the second quarter worth approximately $38,000. B. Riley Wealth Advisors Inc. bought a new stake in Commerce.com in the third quarter worth approximately $57,000. Royce & Associates LP increased its holdings in Commerce.com by 36.4% in the third quarter. Royce & Associates LP now owns 25,759 shares of the company’s stock worth $81,000 after purchasing an additional 6,868 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Commerce.com in the second quarter valued at approximately $101,000. Finally, Sei Investments Co. lifted its stake in Commerce.com by 418.1% in the first quarter. Sei Investments Co. now owns 53,469 shares of the company’s stock valued at $143,000 after buying an additional 43,148 shares during the period. 79.21% of the stock is owned by institutional investors and hedge funds.

Commerce.com Company Profile

Commerce.com, Inc. provides software and services that help businesses build and operate online stores. Its platform, BigCommerce, supports storefront creation, product and order management, payments, and sales across digital and physical channels, with tools for both business-to-consumer and business-to-business commerce. The company also offers Feedonomics, a platform for managing and distributing product data across online marketplaces and advertising channels, and Makeswift, a visual website-building tool.