Nano Cap New Millennium Growth Fund L P Buys New Shares in Commerce.com, Inc. $CMRC

Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Commerce.com, Inc. (NASDAQ:CMRC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 185,000 shares of the company’s stock, valued at approximately $762,000. Nano Cap New Millennium Growth Fund L P owned approximately 0.23% of Commerce.com at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. M&T Bank Corp bought a new stake in shares of Commerce.com during the 4th quarter worth about $5,679,000. AQR Capital Management LLC grew its holdings in shares of Commerce.com by 2,028.0% during the 1st quarter. AQR Capital Management LLC now owns 278,583 shares of the company’s stock worth $1,605,000 after purchasing an additional 265,492 shares in the last quarter. Versor Investments LP bought a new position in Commerce.com in the fourth quarter valued at approximately $307,000. CWM LLC bought a new position in Commerce.com in the fourth quarter valued at approximately $159,000. Finally, Cornerstone Investment Partners LLC acquired a new position in Commerce.com during the fourth quarter worth about $159,000. 79.21% of the stock is currently owned by institutional investors.

Commerce.com Trading Down 1.7%

NASDAQ CMRC opened at $2.96 on Friday. The business’s 50-day moving average price is $2.80 and its two-hundred day moving average price is $3.48. Commerce.com, Inc. has a 12 month low of $2.41 and a 12 month high of $5.55. The firm has a market capitalization of $244.24 million, a PE ratio of -16.44, a price-to-earnings-growth ratio of 0.95 and a beta of 1.14. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 3.26.

Analyst Upgrades and Downgrades

Several research analysts have commented on CMRC shares. Barclays boosted their target price on Commerce.com from $2.00 to $3.00 and gave the stock an “underweight” rating in a research note on Monday, May 11th. Needham & Company LLC reiterated a “buy” rating and issued a $7.50 price target on shares of Commerce.com in a research note on Thursday, April 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a research note on Monday, April 20th. Canaccord Genuity Group dropped their price target on Commerce.com from $11.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Finally, Zacks Research cut Commerce.com from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $4.70.

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.