S Squared Technology LLC Purchases New Position in Commerce.com, Inc. $CMRC

S Squared Technology LLC purchased a new stake in Commerce.com, Inc. (NASDAQ:CMRC) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,207,786 shares of the company’s stock, valued at approximately $4,976,000. Commerce.com comprises approximately 1.9% of S Squared Technology LLC’s investment portfolio, making the stock its 19th biggest position.

Several other large investors have also added to or reduced their stakes in CMRC. AQR Capital Management LLC lifted its position in Commerce.com by 2,028.0% in the 1st quarter. AQR Capital Management LLC now owns 278,583 shares of the company’s stock valued at $1,605,000 after acquiring an additional 265,492 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Commerce.com by 15.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,826 shares of the company’s stock valued at $483,000 after buying an additional 11,509 shares during the last quarter. Pallas Capital Advisors LLC purchased a new stake in Commerce.com in the 4th quarter valued at about $50,000. CWM LLC purchased a new stake in Commerce.com in the 4th quarter valued at about $159,000. Finally, M&T Bank Corp purchased a new stake in Commerce.com in the 4th quarter valued at about $5,679,000. Institutional investors own 79.21% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CMRC. Wall Street Zen upgraded shares of Commerce.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Zacks Research upgraded shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Barclays increased their price objective on shares of Commerce.com from $2.00 to $3.00 and gave the company an “underweight” rating in a research note on Monday, May 11th. Needham & Company LLC reiterated a “buy” rating and issued a $7.50 price objective on shares of Commerce.com in a research note on Thursday, April 30th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $4.70.

Commerce.com Stock Performance

Shares of CMRC stock opened at $2.70 on Monday. The company’s fifty day simple moving average is $2.87 and its two-hundred day simple moving average is $3.28. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.98 and a quick ratio of 1.98. Commerce.com, Inc. has a 1 year low of $2.41 and a 1 year high of $5.55. The stock has a market capitalization of $222.78 million, a price-to-earnings ratio of -15.00 and a beta of 1.17.

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.