Brokerages Set Commerce.com, Inc. (NASDAQ:CMRC) Target Price at $5.58

Shares of Commerce.com, Inc. (NASDAQ:CMRC) have been given an average rating of “Reduce” by the seven research firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $5.5833.

CMRC has been the subject of several analyst reports. Morgan Stanley cut Commerce.com from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $6.50 to $4.00 in a research report on Tuesday, January 20th. Zacks Research lowered Commerce.com from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Commerce.com in a research note on Wednesday, January 21st. Barclays lowered their price target on Commerce.com from $3.00 to $2.00 and set an “underweight” rating for the company in a report on Tuesday, February 17th. Finally, Wall Street Zen lowered shares of Commerce.com from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th.

Commerce.com Stock Performance

Shares of CMRC stock opened at $2.70 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 3.89. The firm has a fifty day moving average price of $2.87 and a 200 day moving average price of $3.97. The company has a market cap of $221.94 million, a P/E ratio of -11.74, a PEG ratio of 0.94 and a beta of 1.16. Commerce.com has a 12 month low of $2.41 and a 12 month high of $5.98.

Insider Activity

In related news, insider Ellen F. Siminoff bought 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased at an average cost of $2.94 per share, with a total value of $294,000.00. Following the transaction, the insider directly owned 353,333 shares of the company’s stock, valued at approximately $1,038,799.02. This represents a 39.47% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 9.06% of the company’s stock.

Institutional Investors Weigh In On Commerce.com

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP acquired a new position in Commerce.com in the fourth quarter valued at $27,000. New York State Common Retirement Fund acquired a new stake in shares of Commerce.com during the fourth quarter worth about $35,000. T3 Companies LLC purchased a new stake in shares of Commerce.com in the 4th quarter valued at about $41,000. Avondale Wealth Management purchased a new stake in shares of Commerce.com in the 4th quarter valued at about $41,000. Finally, Jain Global LLC acquired a new stake in shares of Commerce.com in the 4th quarter valued at about $46,000. 79.21% of the stock is owned by hedge funds and other institutional investors.

Commerce.com Company Profile

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.