P.A.W. Capital Corp Takes $2.47 Million Position in Commerce.com, Inc. $CMRC

P.A.W. Capital Corp bought a new stake in Commerce.com, Inc. (NASDAQ:CMRC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 600,000 shares of the company’s stock, valued at approximately $2,472,000. Commerce.com comprises about 5.4% of P.A.W. Capital Corp’s holdings, making the stock its 9th biggest position. P.A.W. Capital Corp owned 0.74% of Commerce.com at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pallas Capital Advisors LLC acquired a new stake in Commerce.com in the 4th quarter valued at approximately $50,000. ProShare Advisors LLC acquired a new stake in shares of Commerce.com during the 4th quarter worth approximately $50,000. HighTower Advisors LLC acquired a new stake in shares of Commerce.com during the 4th quarter worth approximately $57,000. Inscription Capital LLC acquired a new stake in shares of Commerce.com during the 4th quarter worth approximately $58,000. Finally, M&T Bank Corp acquired a new stake in shares of Commerce.com during the 4th quarter worth approximately $64,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

Commerce.com Price Performance

Commerce.com stock opened at $3.13 on Monday. 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 capitalization of $258.26 million, a PE ratio of -17.39 and a beta of 1.17. Commerce.com, Inc. has a one year low of $2.41 and a one year high of $5.55. The business has a 50 day simple moving average of $2.83 and a 200 day simple moving average of $3.41.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CMRC. Needham & Company LLC reissued a “buy” rating and set a $7.50 price objective on shares of Commerce.com in a report on Thursday, April 30th. Weiss Ratings reissued a “sell (e+)” rating on shares of Commerce.com in a report on Monday, April 20th. Canaccord Genuity Group decreased their price objective on Commerce.com from $11.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Barclays lifted their price objective on Commerce.com from $2.00 to $3.00 and gave the stock an “underweight” rating in a report on Monday, May 11th. Finally, Zacks Research raised Commerce.com from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $4.70.

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.