Commerce.com (NASDAQ:CMRC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Commerce.com (NASDAQ:CMRC) from a buy rating to a strong-buy rating in a report issued on Saturday,Wall Street Zen reports.

CMRC has been the topic of several other reports. Canaccord Genuity Group reaffirmed a “hold” rating and set a $3.00 target price (down from $6.00) on shares of Commerce.com in a report on Friday, August 7th. The Goldman Sachs Group set a $5.00 price target on shares of Commerce.com in a research report on Monday, August 10th. UBS Group reiterated a “neutral” rating and issued a $3.50 price target on shares of Commerce.com in a research note on Tuesday, July 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a research note on Friday, July 17th. Finally, Barclays reduced their price target on Commerce.com from $3.00 to $2.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $4.17.

Commerce.com Price Performance

Shares of Commerce.com stock opened at $3.49 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 2.95. The stock has a market capitalization of $289.18 million, a price-to-earnings ratio of -49.85 and a beta of 1.05. Commerce.com has a twelve month low of $1.95 and a twelve month high of $5.55. The company has a 50-day simple moving average of $2.82 and a two-hundred day simple moving average of $2.87.

Institutional Trading of Commerce.com

Several large investors have recently made changes to their positions in the company. Williams & Novak LLC acquired a new position in shares of Commerce.com during the 2nd quarter worth $38,000. R Squared Ltd acquired a new position in shares of Commerce.com in the first quarter worth approximately $45,000. SG Americas Securities LLC bought a new stake in shares of Commerce.com in the 1st quarter valued at $74,000. NewEdge Advisors LLC bought a new stake in Commerce.com during the second quarter valued at $101,000. Finally, Sei Investments Co. grew its stake in Commerce.com by 418.1% during the first quarter. Sei Investments Co. now owns 53,469 shares of the company’s stock worth $143,000 after purchasing an additional 43,148 shares during the period. Institutional investors and hedge funds own 79.21% of the company’s stock.

About Commerce.com

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.