Commerce.com (NASDAQ:CMRC) Rating Lowered to “Hold” at Zacks Research

Commerce.com (NASDAQ:CMRC) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday, Zacks reports.

Several other equities analysts have also issued reports on CMRC. Barclays lowered their target price on shares of Commerce.com from $3.00 to $2.00 and set an “underweight” rating for the company in a report on Tuesday, August 11th. Wall Street Zen upgraded Commerce.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Commerce.com in a research report on Thursday, October 15th. Canaccord Genuity Group lowered Commerce.com from a “buy” rating to a “hold” rating and reduced their price objective for the company from $6.00 to $3.00 in a research report on Friday, August 7th. Finally, The Goldman Sachs Group set a $5.00 price objective on Commerce.com in a research note on Monday, August 10th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $4.17.

Commerce.com Trading Down 0.8%

NASDAQ:CMRC opened at $3.66 on Tuesday. Commerce.com has a one year low of $1.95 and a one year high of $5.55. The company has a debt-to-equity ratio of 2.91, a current ratio of 2.02 and a quick ratio of 2.03. The company’s 50-day simple moving average is $3.33 and its 200 day simple moving average is $2.94. The firm has a market capitalization of $303.27 million, a P/E ratio of -45.75 and a beta of 1.09.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royce & Associates LP grew its holdings in shares of Commerce.com by 36.4% during the third quarter. Royce & Associates LP now owns 25,759 shares of the company’s stock valued at $81,000 after buying an additional 6,868 shares during the last quarter. Aberdeen Group plc bought a new stake in shares of Commerce.com during the third quarter valued at approximately $2,244,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Commerce.com during the third quarter valued at approximately $57,000. Douglas Lane & Associates LLC purchased a new position in Commerce.com in the 3rd quarter worth approximately $448,000. Finally, NewEdge Advisors LLC purchased a new position in Commerce.com in the 2nd quarter worth approximately $101,000. Institutional investors own 79.21% of the company’s stock.

About Commerce.com

Commerce.com, Inc. provides software and services that help businesses build and operate online stores. Its platform, BigCommerce, supports storefront creation, product and order management, payments, and sales across digital and physical channels, with tools for both business-to-consumer and business-to-business commerce. The company also offers Feedonomics, a platform for managing and distributing product data across online marketplaces and advertising channels, and Makeswift, a visual website-building tool.