S Squared Technology LLC Acquires Shares of 1,207,786 Commerce.com, Inc. $CMRC

S Squared Technology LLC acquired a new stake in shares of Commerce.com, Inc. (NASDAQ:CMRC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,207,786 shares of the company’s stock, valued at approximately $4,976,000. Commerce.com makes up 1.9% of S Squared Technology LLC’s investment portfolio, making the stock its 19th largest position. S Squared Technology LLC owned approximately 1.49% of Commerce.com at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. M&T Bank Corp acquired a new position in shares of Commerce.com during the fourth quarter worth $5,679,000. P.A.W. Capital Corp acquired a new stake in Commerce.com in the fourth quarter valued at $2,472,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in Commerce.com in the fourth quarter valued at $762,000. CenterBook Partners LP acquired a new stake in Commerce.com in the fourth quarter valued at $3,617,000. Finally, ProShare Advisors LLC acquired a new stake in Commerce.com in the fourth quarter valued at $50,000. 79.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Commerce.com Price Performance

CMRC stock opened at $2.70 on Monday. The stock has a market capitalization of $222.78 million, a PE ratio of -15.00 and a beta of 1.17. The company’s 50-day moving average is $2.87 and its 200-day moving average is $3.28. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.98 and a quick ratio of 1.98. Commerce.com, Inc. has a 1 year low of $2.41 and a 1 year high of $5.55.

About Commerce.com

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.