Commerce.com (NASDAQ:CMRC) Upgraded to “Strong-Buy” at Wall Street Zen

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

Other equities analysts also recently issued reports about the company. Canaccord Genuity Group restated a “buy” rating and issued a $11.00 price objective on shares of Commerce.com in a report on Friday, August 1st. Barclays cut their price target on shares of Commerce.com from $6.00 to $5.00 and set an “underweight” rating on the stock in a report on Tuesday, October 21st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Commerce.com in a research report on Wednesday, October 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $10.00 price objective on shares of Commerce.com in a research note on Wednesday, August 20th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Commerce.com has a consensus rating of “Hold” and a consensus price target of $8.30.

Commerce.com Trading Up 8.2%

Shares of CMRC traded up $0.38 during mid-day trading on Friday, reaching $5.00. The company had a trading volume of 1,175,416 shares, compared to its average volume of 845,830. Commerce.com has a fifty-two week low of $4.14 and a fifty-two week high of $7.99. The firm has a fifty day simple moving average of $4.77 and a 200-day simple moving average of $4.89. The stock has a market cap of $403.70 million, a price-to-earnings ratio of -31.25 and a beta of 1.07. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 3.67.

Commerce.com (NASDAQ:CMRC) last issued its earnings results on Thursday, November 6th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.16. Commerce.com had a negative return on equity of 6.66% and a negative net margin of 3.93%.During the same period last year, the company posted $0.06 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Commerce.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Insiders Place Their Bets

In related news, insider Russell Scott Klein sold 98,080 shares of Commerce.com stock in a transaction on Friday, September 12th. The shares were sold at an average price of $4.59, for a total transaction of $450,187.20. Following the sale, the insider owned 444,001 shares of the company’s stock, valued at $2,037,964.59. The trade was a 18.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 9.06% of the company’s stock.

Hedge Funds Weigh In On Commerce.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMRC. US Bancorp DE raised its position in shares of Commerce.com by 12.1% in the first quarter. US Bancorp DE now owns 22,196 shares of the company’s stock worth $128,000 after buying an additional 2,400 shares in the last quarter. Rhumbline Advisers lifted its holdings in Commerce.com by 3.6% in the first quarter. Rhumbline Advisers now owns 101,451 shares of the company’s stock worth $584,000 after buying an additional 3,535 shares during the period. CWM LLC boosted its stake in Commerce.com by 87.4% during the first quarter. CWM LLC now owns 12,482 shares of the company’s stock worth $72,000 after acquiring an additional 5,820 shares in the last quarter. Sei Investments Co. purchased a new position in Commerce.com in the first quarter worth about $64,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Commerce.com by 15.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,826 shares of the company’s stock worth $483,000 after purchasing an additional 11,509 shares during the last quarter. 79.21% of the stock is owned by hedge funds and other institutional investors.

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.