Brokerages Set Commerce.com, Inc. (NASDAQ:CMRC) Target Price at $4.17

Commerce.com, Inc. (NASDAQ:CMRC) has been given an average rating of “Reduce” by the seven analysts that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $4.1667.

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a research report on Friday, July 17th. Zacks Research cut shares of Commerce.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $3.00 target price (down from $6.00) on shares of Commerce.com in a report on Friday, August 7th. 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. Finally, Wall Street Zen cut Commerce.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th.

Institutional Trading of Commerce.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMRC. Pale Fire Capital SE increased its holdings 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 acquiring an additional 2,203,169 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in Commerce.com during the first quarter valued at approximately $926,000. Needham Investment Management LLC purchased a new stake in Commerce.com during the 4th quarter valued at $1,164,000. S Squared Technology LLC purchased a new position in Commerce.com during the fourth quarter worth $4,976,000. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in Commerce.com during the fourth quarter worth $762,000. Institutional investors own 79.21% of the company’s stock.

Commerce.com Stock Performance

NASDAQ:CMRC opened at $2.50 on Thursday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 2.03 and a current ratio of 2.03. The stock has a 50-day simple moving average of $2.75 and a two-hundred day simple moving average of $2.81. The firm has a market capitalization of $207.15 million, a PE ratio of -35.71 and a beta of 1.14. Commerce.com has a 52-week low of $1.95 and a 52-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.