Needham Investment Management LLC Makes New $1.16 Million Investment in Commerce.com, Inc. $CMRC

Needham Investment Management LLC bought a new position in Commerce.com, Inc. (NASDAQ:CMRC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 282,500 shares of the company’s stock, valued at approximately $1,164,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMRC. M&T Bank Corp bought a new position in Commerce.com in the fourth quarter worth $5,679,000. P.A.W. Capital Corp purchased a new position in shares of Commerce.com in the fourth quarter worth $2,472,000. S Squared Technology LLC bought a new position in Commerce.com during the 4th quarter valued at about $4,976,000. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Commerce.com in the 4th quarter worth $762,000. Finally, CenterBook Partners LP purchased a new position in Commerce.com in the fourth quarter worth about $3,617,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.

Commerce.com Price Performance

Shares of Commerce.com stock opened at $2.69 on Tuesday. The company has a market capitalization of $221.95 million, a price-to-earnings ratio of -14.94 and a beta of 1.17. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 3.26. The stock’s 50-day simple moving average is $2.87 and its 200-day simple moving average is $3.27. Commerce.com, Inc. has a 52 week low of $2.41 and a 52 week high of $5.55.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CMRC shares. Zacks Research upgraded shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Weiss Ratings restated a “sell (e+)” rating on shares of Commerce.com in a research note on Monday, April 20th. Wall Street Zen upgraded Commerce.com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Barclays boosted their price objective on Commerce.com from $2.00 to $3.00 and gave the company an “underweight” rating in a research note on Monday, May 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $7.50 target price on shares of Commerce.com in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.70.

Commerce.com 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.