Commerce.com, Inc. (NASDAQ:CMRC) Given Consensus Rating of “Reduce” by Brokerages

Shares of Commerce.com, Inc. (NASDAQ:CMRC) have been given an average rating of “Reduce” by the seven analysts that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $4.80.

A number of equities analysts have recently issued reports on CMRC shares. Needham & Company LLC restated a “buy” rating and set a $7.50 target price on shares of Commerce.com in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Commerce.com in a report on Friday, July 17th. UBS Group reiterated a “neutral” rating and set a $3.50 target price on shares of Commerce.com in a research report on Tuesday, July 21st. Zacks Research cut Commerce.com from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Finally, Wall Street Zen upgraded Commerce.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th.

Commerce.com Stock Performance

Shares of Commerce.com stock opened at $2.32 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 3.26. The firm’s 50 day moving average is $2.95 and its two-hundred day moving average is $2.91. The firm has a market capitalization of $191.43 million, a P/E ratio of -12.89 and a beta of 1.14. Commerce.com has a 52 week low of $1.95 and a 52 week high of $5.55.

Hedge Funds Weigh In On Commerce.com

A number of large investors have recently made changes to their positions in CMRC. Quarry LP purchased a new stake in Commerce.com during the fourth quarter worth about $27,000. New York State Common Retirement Fund purchased a new position in Commerce.com in the fourth quarter valued at about $35,000. Williams & Novak LLC acquired a new stake in shares of Commerce.com during the 2nd quarter valued at approximately $38,000. T3 Companies LLC acquired a new stake in shares of Commerce.com during the 4th quarter valued at approximately $41,000. Finally, Avondale Wealth Management purchased a new stake in shares of Commerce.com during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.

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.