Commerce.com, Inc. (NASDAQ:CMRC) Receives Average Recommendation of “Hold” from Analysts

Commerce.com, Inc. (NASDAQ:CMRC) has been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $4.70.

A number of equities research analysts recently weighed in on CMRC shares. Wall Street Zen raised shares of Commerce.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Barclays upped their target price on shares of Commerce.com from $2.00 to $3.00 and gave the company an “underweight” rating in a research note on Monday, May 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $7.50 target price on shares of Commerce.com in a research note on Thursday, April 30th. Zacks Research raised shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Commerce.com in a research note on Monday, April 20th.

Institutional Investors Weigh In On Commerce.com

Several large investors have recently bought and sold shares of the company. Quarry LP bought a new stake in Commerce.com in the fourth quarter valued at approximately $27,000. New York State Common Retirement Fund bought a new stake in Commerce.com in the fourth quarter valued at approximately $35,000. T3 Companies LLC bought a new stake in Commerce.com in the fourth quarter valued at approximately $41,000. Avondale Wealth Management bought a new stake in Commerce.com in the fourth quarter valued at approximately $41,000. Finally, Jain Global LLC bought a new stake in Commerce.com in the fourth quarter valued at approximately $46,000. Institutional investors own 79.21% of the company’s stock.

Commerce.com Trading Down 2.8%

CMRC opened at $2.73 on Friday. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.98 and a quick ratio of 1.98. The company has a market cap of $225.25 million, a price-to-earnings ratio of -15.17 and a beta of 1.17. The firm has a 50 day simple moving average of $2.88 and a 200 day simple moving average of $3.24. Commerce.com has a fifty-two week low of $2.41 and a fifty-two week high of $5.55.

Commerce.com Company Profile

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.