Commerce.com, Inc. (NASDAQ:CMRC) Receives $4.70 Average Price Target from Analysts

Commerce.com, Inc. (NASDAQ:CMRC) has been assigned a consensus rating of “Reduce” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $4.70.

A number of analysts have recently issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Commerce.com in a research report on Monday, April 20th. Barclays boosted their price objective on Commerce.com from $2.00 to $3.00 and gave the company an “underweight” rating in a research report on Monday, May 11th. Needham & Company LLC restated a “buy” rating and set a $7.50 price objective on shares of Commerce.com in a research report on Thursday, April 30th. Wall Street Zen raised Commerce.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Canaccord Genuity Group decreased their price target on Commerce.com from $11.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, February 13th.

Commerce.com Stock Performance

CMRC opened at $2.98 on Tuesday. The stock has a market cap of $245.88 million, a PE ratio of -16.55, a P/E/G ratio of 0.94 and a beta of 1.14. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 3.26. Commerce.com has a 1 year low of $2.41 and a 1 year high of $5.55. The stock’s 50 day simple moving average is $2.80 and its 200-day simple moving average is $3.48.

Institutional Trading of Commerce.com

Several institutional investors have recently bought and sold shares of CMRC. Pale Fire Capital SE boosted its stake in Commerce.com by 294.2% in the 1st quarter. Pale Fire Capital SE now owns 2,952,094 shares of the company’s stock valued at $7,882,000 after buying an additional 2,203,169 shares in the last quarter. Geode Capital Management LLC acquired a new stake in Commerce.com in the 4th quarter valued at $6,605,000. Marshall Wace LLP acquired a new stake in Commerce.com in the 4th quarter valued at $6,188,000. State Street Corp acquired a new stake in Commerce.com in the 4th quarter valued at $5,867,000. Finally, Potrero Capital Research LLC acquired a new stake in Commerce.com in the 4th quarter valued at $5,831,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

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.