Commerce.com, Inc. (NASDAQ:CMRC) Receives Average Recommendation of “Reduce” from Brokerages

Commerce.com, Inc. (NASDAQ:CMRC) has been assigned a consensus recommendation of “Reduce” from the six brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $4.70.

Several analysts have weighed in on CMRC shares. Barclays lifted their target price on Commerce.com from $2.00 to $3.00 and gave the company an “underweight” rating in a research note on Monday, May 11th. Canaccord Genuity Group cut their target price on Commerce.com from $11.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. UBS Group set a $3.00 target price on Commerce.com in a research note on Friday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $7.50 target price on shares of Commerce.com in a research note on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Commerce.com in a research note on Monday, April 20th.

Institutional Trading of Commerce.com

Several hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new stake in Commerce.com during the 4th quarter valued at $27,000. New York State Common Retirement Fund bought a new stake in Commerce.com during the 4th quarter valued at $35,000. T3 Companies LLC bought a new stake in Commerce.com during the 4th quarter valued at $41,000. Avondale Wealth Management bought a new stake in Commerce.com during the 4th quarter valued at $41,000. Finally, Jain Global LLC bought a new stake in shares of Commerce.com in the 4th quarter worth $46,000. Institutional investors own 79.21% of the company’s stock.

Commerce.com Stock Performance

NASDAQ:CMRC opened at $2.98 on Tuesday. Commerce.com has a 12-month low of $2.41 and a 12-month high of $5.55. The firm has a market capitalization of $245.88 million, a P/E ratio of -16.55, a P/E/G ratio of 0.94 and a beta of 1.14. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.98 and a quick ratio of 1.98. The business has a 50 day simple moving average of $2.81 and a 200 day simple moving average of $3.46.

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.