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

Wall Street Zen cut shares of Commerce.com (NASDAQ:CMRC) from a strong-buy rating to a buy rating in a research note published on Sunday morning,Wall Street Zen reports.

Other equities research analysts have also issued reports about the company. The Goldman Sachs Group set a $5.00 price target on Commerce.com in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Commerce.com in a report on Thursday, October 15th. UBS Group reiterated a “neutral” rating and issued a $3.50 target price on shares of Commerce.com in a research note on Tuesday, July 21st. Canaccord Genuity Group reiterated a “hold” rating and issued a $3.00 target price (down from $6.00) on shares of Commerce.com in a research note on Friday, August 7th. Finally, Zacks Research raised shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.17.

Commerce.com Stock Up 9.2%

CMRC stock opened at $3.80 on Friday. The firm has a market capitalization of $314.87 million, a PE ratio of 29.00 and a beta of 1.05. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 2.95. Commerce.com has a twelve month low of $1.95 and a twelve month high of $5.55. The stock’s 50 day moving average is $2.92 and its 200-day moving average is $2.90.

Institutional Trading of Commerce.com

A number of hedge funds have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. purchased a new position in shares of Commerce.com in the 3rd quarter worth about $57,000. Douglas Lane & Associates LLC bought a new stake in Commerce.com in the third quarter worth about $448,000. NewEdge Advisors LLC purchased a new position in Commerce.com in the second quarter valued at about $101,000. Corient Private Wealth LP boosted its stake in Commerce.com by 21.6% in the second quarter. Corient Private Wealth LP now owns 94,603 shares of the company’s stock valued at $280,000 after acquiring an additional 16,794 shares during the last quarter. Finally, Pale Fire Capital SE boosted its stake in Commerce.com by 3.5% in the second quarter. Pale Fire Capital SE now owns 3,054,890 shares of the company’s stock valued at $9,042,000 after acquiring an additional 102,796 shares during the last quarter. 79.21% of the stock is currently owned by institutional investors.

Commerce.com Company Profile

Commerce.com, Inc is a commerce technology company that provides software designed to help businesses build, operate and expand digital commerce experiences. Its platform is intended to support online selling across branded websites and other digital channels.

The company’s offerings include tools for creating and managing digital storefronts, product catalogs, shopping carts, checkout processes and customer interactions. Commerce.com also provides capabilities that help businesses manage orders and commerce operations, with an emphasis on supporting flexible and integrated digital experiences.

Commerce.com serves businesses seeking technology for direct-to-consumer, business-to-business and other online commerce models.