Brokerages Set Commerce.com, Inc. (NASDAQ:CMRC) Price Target at $7.90

Shares of Commerce.com, Inc. (NASDAQ:CMRC) have been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $7.30.

Several research analysts have weighed in on CMRC shares. Barclays lowered their target price on shares of Commerce.com from $5.00 to $3.00 and set an “underweight” rating for the company in a research note on Monday, January 12th. Wall Street Zen upgraded shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 9th. Zacks Research raised shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a report on Wednesday, October 8th. Finally, Morgan Stanley lowered Commerce.com from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $6.50 to $4.00 in a research report on Tuesday.

Hedge Funds Weigh In On Commerce.com

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers increased its position in shares of Commerce.com by 3.6% in the first quarter. Rhumbline Advisers now owns 101,451 shares of the company’s stock valued at $584,000 after buying an additional 3,535 shares in the last quarter. CWM LLC grew its stake in Commerce.com by 63.4% in the 2nd quarter. CWM LLC now owns 20,399 shares of the company’s stock valued at $102,000 after acquiring an additional 7,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Commerce.com by 15.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,826 shares of the company’s stock valued at $483,000 after acquiring an additional 11,509 shares in the last quarter. Pallas Capital Advisors LLC acquired a new position in Commerce.com during the fourth quarter worth about $50,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Commerce.com in the second quarter valued at about $76,000. 79.21% of the stock is currently owned by hedge funds and other institutional investors.

Commerce.com Trading Down 9.1%

CMRC opened at $3.39 on Wednesday. The stock has a market capitalization of $275.47 million, a PE ratio of -21.19 and a beta of 1.09. Commerce.com has a one year low of $3.36 and a one year high of $7.50. The company has a debt-to-equity ratio of 3.67, a quick ratio of 2.14 and a current ratio of 2.14. The business’s 50 day moving average price is $4.34 and its 200 day moving average price is $4.63.

Commerce.com (NASDAQ:CMRC) last posted its earnings results on Thursday, November 6th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.16. The company had revenue of $86.03 million for the quarter. Commerce.com had a negative return on equity of 6.66% and a negative net margin of 3.93%.Commerce.com’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 EPS.

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.