Commerce.com (NASDAQ:CMRC) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen lowered shares of Commerce.com (NASDAQ:CMRC) from a strong-buy rating to a buy rating in a research note published on Sunday.

Several other research firms have also recently weighed in on CMRC. UBS Group set a $3.00 price objective on Commerce.com in a report on Friday, February 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Commerce.com in a research note on Wednesday, January 21st. Morgan Stanley downgraded Commerce.com from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $6.50 to $4.00 in a research report on Tuesday, January 20th. Needham & Company LLC decreased their price target on shares of Commerce.com from $10.00 to $7.50 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Finally, Zacks Research downgraded shares of Commerce.com from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $5.17.

Commerce.com Stock Performance

NASDAQ:CMRC opened at $2.94 on Friday. Commerce.com has a fifty-two week low of $2.41 and a fifty-two week high of $5.59. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a market capitalization of $241.67 million, a PE ratio of -12.78, a price-to-earnings-growth ratio of 1.03 and a beta of 1.16. The business’s 50-day simple moving average is $2.77 and its 200-day simple moving average is $3.76.

Insider Buying and Selling

In related news, insider Ellen F. Siminoff purchased 100,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was purchased at an average cost of $2.94 per share, for a total transaction of $294,000.00. Following the completion of the purchase, the insider directly owned 353,333 shares in the company, valued at $1,038,799.02. This trade represents a 39.47% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Commerce.com

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in Commerce.com during the first quarter worth $74,000. Corient Private Wealth LLC acquired a new stake in Commerce.com in the fourth quarter valued at $321,000. Virtu Financial LLC acquired a new stake in Commerce.com in the fourth quarter valued at $82,000. Invesco Ltd. bought a new position in shares of Commerce.com in the 4th quarter valued at about $631,000. Finally, State of Tennessee Department of Treasury acquired a new position in shares of Commerce.com during the 4th quarter worth about $140,000. Institutional investors and hedge funds 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.