Commerce.com, Inc. (NASDAQ:CMRC) Given Consensus Recommendation of “Reduce” by Analysts

Commerce.com, Inc. (NASDAQ:CMRC) has earned a consensus recommendation of “Reduce” from the six analysts that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $4.70.

A number of analysts have recently issued reports on CMRC shares. Zacks Research lowered Commerce.com from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Needham & Company LLC reiterated a “buy” rating and set a $7.50 price target on shares of Commerce.com in a report on Thursday, April 30th. Barclays upped their price target on Commerce.com from $2.00 to $3.00 and gave the company an “underweight” rating in a research report on Monday, May 11th. Wall Street Zen raised Commerce.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Commerce.com in a research report on Monday, April 20th.

Institutional Trading of Commerce.com

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC grew its position in Commerce.com by 2,028.0% during the first quarter. AQR Capital Management LLC now owns 278,583 shares of the company’s stock valued at $1,605,000 after purchasing an additional 265,492 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Commerce.com by 15.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,826 shares of the company’s stock worth $483,000 after buying an additional 11,509 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Commerce.com during the 4th quarter valued at $50,000. CWM LLC acquired a new stake in shares of Commerce.com during the 4th quarter valued at $159,000. Finally, M&T Bank Corp purchased a new position in shares of Commerce.com during the 4th quarter valued at $5,679,000. 79.21% of the stock is currently owned by institutional investors and hedge funds.

Commerce.com Price Performance

Shares of NASDAQ:CMRC opened at $3.12 on Wednesday. The firm has a 50 day simple moving average of $2.92 and a 200 day simple moving average of $3.06. Commerce.com has a 52 week low of $2.41 and a 52 week high of $5.55. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.98 and a current ratio of 1.98. The company has a market cap of $257.43 million, a PE ratio of -17.33 and a beta of 1.15.

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.