Needham Investment Management LLC Buys Shares of 282,500 Commerce.com, Inc. $CMRC

Needham Investment Management LLC purchased a new stake in Commerce.com, Inc. (NASDAQ:CMRC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 282,500 shares of the company’s stock, valued at approximately $1,164,000. Needham Investment Management LLC owned 0.35% of Commerce.com at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CMRC. Quarry LP purchased a new position in Commerce.com in the fourth quarter worth $27,000. New York State Common Retirement Fund bought a new stake in Commerce.com during the fourth quarter worth about $35,000. T3 Companies LLC purchased a new position in shares of Commerce.com in the 4th quarter worth about $41,000. Cerity Partners LLC purchased a new position in shares of Commerce.com in the 4th quarter worth about $49,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of Commerce.com during the 4th quarter valued at about $50,000. Institutional investors own 79.21% of the company’s stock.

Wall Street Analyst Weigh In

CMRC has been the subject of a number of recent research reports. Wall Street Zen upgraded Commerce.com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Barclays increased their price target on shares of Commerce.com from $2.00 to $3.00 and gave the company an “underweight” rating in a research report on Monday, May 11th. Needham & Company LLC restated a “buy” rating and issued a $7.50 price objective on shares of Commerce.com in a report on Thursday, April 30th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Commerce.com in a research note on Monday, April 20th. Finally, Zacks Research raised shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a research note 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, Commerce.com currently has a consensus rating of “Hold” and an average target price of $4.70.

Commerce.com Price Performance

CMRC opened at $2.69 on Tuesday. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.98 and a current ratio of 1.98. Commerce.com, Inc. has a 52-week low of $2.41 and a 52-week high of $5.55. The stock has a market capitalization of $221.95 million, a PE ratio of -14.94 and a beta of 1.17. The stock’s 50 day moving average price is $2.87 and its 200-day moving average price is $3.27.

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.