Commerce.com, Inc. (NASDAQ:CMRC) Stock Has Average Price Target of $4.17

Commerce.com, Inc. (NASDAQ:CMRC) has received a consensus recommendation of “Reduce” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $4.17.

CMRC has been the subject of a number of recent research reports. Barclays reduced their price objective on shares of Commerce.com from $3.00 to $2.00 and set an “underweight” rating for the company in a research note on Tuesday, August 11th. UBS Group started coverage on Commerce.com in a research report on Tuesday, July 21st. They set a “neutral” rating and a $3.50 target price on the stock. Wall Street Zen raised Commerce.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 31st. Canaccord Genuity Group lowered Commerce.com from a “buy” rating to a “hold” rating and reduced their target price for the company from $6.00 to $3.00 in a report on Friday, August 7th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Commerce.com in a report on Thursday, October 15th.

Institutional Trading of Commerce.com

A number of hedge funds and other institutional investors have recently bought and sold shares of CMRC. Pale Fire Capital SE boosted its holdings in Commerce.com by 3.5% in the 2nd quarter. Pale Fire Capital SE now owns 3,054,890 shares of the company’s stock valued at $9,042,000 after purchasing an additional 102,796 shares during the period. Renaissance Technologies LLC lifted its position in Commerce.com by 5.3% during the first quarter. Renaissance Technologies LLC now owns 1,252,100 shares of the company’s stock valued at $3,343,000 after purchasing an additional 63,400 shares during the last quarter. Aberdeen Group plc bought a new stake in Commerce.com during the third quarter valued at approximately $2,244,000. Principal Financial Group Inc. lifted its position in Commerce.com by 54.0% during the first quarter. Principal Financial Group Inc. now owns 368,719 shares of the company’s stock valued at $984,000 after purchasing an additional 129,223 shares during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in Commerce.com in the 1st quarter worth approximately $926,000. Institutional investors own 79.21% of the company’s stock.

Commerce.com Price Performance

NASDAQ CMRC opened at $3.54 on Tuesday. The company has a market cap of $293.32 million, a PE ratio of 26.14 and a beta of 1.09. The company has a quick ratio of 2.03, a current ratio of 2.02 and a debt-to-equity ratio of 2.91. The firm’s 50-day simple moving average is $3.35 and its two-hundred day simple moving average is $2.95. Commerce.com has a 52 week low of $1.95 and a 52 week high of $5.49.

Commerce.com Company Profile

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.