Commerce.com (NASDAQ:CMRC) Stock Rating Lowered by Wall Street Zen

Commerce.com (NASDAQ:CMRC) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Sunday, Wall Street Zen reports.

CMRC has been the subject of several other reports. Zacks Research upgraded Commerce.com from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. The Goldman Sachs Group set a $5.00 price target on Commerce.com in a research note on Monday, August 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Commerce.com in a research note on Thursday. Canaccord Genuity Group reiterated a “hold” rating and issued a $3.00 price target (down from $6.00) on shares of Commerce.com in a report on Friday, August 7th. Finally, UBS Group reissued a “neutral” rating and issued a $3.50 price objective on shares of Commerce.com in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Commerce.com presently has a consensus rating of “Hold” and an average target price of $4.17.

Commerce.com Trading Up 1.2%

NASDAQ:CMRC opened at $3.48 on Friday. Commerce.com has a 12 month low of $1.95 and a 12 month high of $5.55. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 2.95. The stock has a market capitalization of $288.35 million, a price-to-earnings ratio of 28.67 and a beta of 1.05. The firm has a fifty day simple moving average of $2.89 and a two-hundred day simple moving average of $2.90.

Hedge Funds Weigh In On Commerce.com

Several large investors have recently added to or reduced their stakes in the business. Pale Fire Capital SE increased its holdings in Commerce.com by 294.2% during the 1st quarter. Pale Fire Capital SE now owns 2,952,094 shares of the company’s stock worth $7,882,000 after purchasing an additional 2,203,169 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Commerce.com in the first quarter valued at approximately $926,000. Bank of New York Mellon Corp bought a new position in shares of Commerce.com in the second quarter valued at approximately $689,000. Douglas Lane & Associates LLC bought a new position in shares of Commerce.com in the third quarter valued at approximately $448,000. Finally, Principal Financial Group Inc. boosted its position in shares of Commerce.com by 54.0% during the first quarter. Principal Financial Group Inc. now owns 368,719 shares of the company’s stock valued at $984,000 after buying an additional 129,223 shares during the last quarter. Institutional investors own 79.21% of the company’s stock.

Commerce.com Company Profile

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.