Commerce.com (NASDAQ:CMRC) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen cut shares of Commerce.com (NASDAQ:CMRC) from a strong-buy rating to a buy rating in a research note published on Saturday.

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley downgraded shares of Commerce.com from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $6.50 to $4.00 in a research report on Tuesday, January 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a research report on Wednesday, January 21st. Zacks Research downgraded Commerce.com from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 22nd. UBS Group set a $3.00 price target on Commerce.com in a report on Friday, February 13th. Finally, Canaccord Genuity Group decreased their price target on Commerce.com from $11.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $5.58.

Commerce.com Stock Down 1.6%

Shares of NASDAQ:CMRC opened at $3.01 on Friday. The company has a market cap of $244.59 million, a price-to-earnings ratio of -13.09, a PEG ratio of 1.05 and a beta of 1.19. The firm’s 50-day simple moving average is $3.33 and its 200-day simple moving average is $4.20. The company has a quick ratio of 2.14, a current ratio of 1.98 and a debt-to-equity ratio of 3.89. Commerce.com has a fifty-two week low of $2.41 and a fifty-two week high of $6.52.

Insider Buying and Selling

In related news, insider Ellen F. Siminoff acquired 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased at an average price of $2.94 per share, with a total value of $294,000.00. Following the completion of the acquisition, the insider owned 353,333 shares in the company, valued at approximately $1,038,799.02. This represents a 39.47% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 9.06% of the company’s stock.

Institutional Investors Weigh In On Commerce.com

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP purchased a new stake in Commerce.com during the fourth quarter worth $27,000. New York State Common Retirement Fund purchased a new position in shares of Commerce.com in the fourth quarter valued at $35,000. T3 Companies LLC purchased a new position in shares of Commerce.com in the fourth quarter valued at $41,000. Avondale Wealth Management acquired a new position in shares of Commerce.com during the 4th quarter worth $41,000. Finally, Jain Global LLC acquired a new position in shares of Commerce.com during the 4th quarter worth $46,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

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.