Commerce.com (NASDAQ:CMRC) Stock Rating Upgraded by Wall Street Zen

Commerce.com (NASDAQ:CMRC) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday, Wall Street Zen reports.

A number of other analysts have also recently weighed in on the company. Canaccord Genuity Group restated a “hold” rating and issued a $3.00 price target (down from $6.00) on shares of Commerce.com in a research note on Friday, August 7th. Barclays lowered their price objective on Commerce.com from $3.00 to $2.00 and set an “underweight” rating for the company in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Commerce.com in a research report on Friday, July 17th. The Goldman Sachs Group set a $5.00 price objective on Commerce.com in a report on Monday, August 10th. Finally, UBS Group reissued a “neutral” rating and set a $3.50 target price on shares of Commerce.com in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Commerce.com presently has a consensus rating of “Hold” and an average target price of $4.17.

Commerce.com Price Performance

Commerce.com stock opened at $3.48 on Friday. The stock has a market cap of $288.35 million, a P/E ratio of -49.71 and a beta of 1.05. The company has a fifty day simple moving average of $2.81 and a 200-day simple moving average of $2.86. Commerce.com has a 12-month low of $1.95 and a 12-month high of $5.55. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 2.95.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CMRC. Douglas Lane & Associates LLC purchased a new position in shares of Commerce.com in the 3rd quarter valued at $448,000. NewEdge Advisors LLC purchased a new stake in Commerce.com in the second quarter valued at $101,000. Corient Private Wealth LP lifted its position in Commerce.com by 21.6% in the second quarter. Corient Private Wealth LP now owns 94,603 shares of the company’s stock valued at $280,000 after acquiring an additional 16,794 shares during the last quarter. Pale Fire Capital SE lifted its position in Commerce.com by 3.5% in the second quarter. Pale Fire Capital SE now owns 3,054,890 shares of the company’s stock valued at $9,042,000 after acquiring an additional 102,796 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Commerce.com in the second quarter valued at $689,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

About Commerce.com

Commerce.com, Inc is a commerce technology company that provides software designed to help businesses build, operate and expand digital commerce experiences. Its platform is intended to support online selling across branded websites and other digital channels.

The company’s offerings include tools for creating and managing digital storefronts, product catalogs, shopping carts, checkout processes and customer interactions. Commerce.com also provides capabilities that help businesses manage orders and commerce operations, with an emphasis on supporting flexible and integrated digital experiences.

Commerce.com serves businesses seeking technology for direct-to-consumer, business-to-business and other online commerce models.