Commerce.com (NASDAQ:CMRC) Stock Gets Downgrade from Zacks Research

Commerce.com (NASDAQ:CMRC) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Several other equities analysts have also recently issued reports on the company. Barclays reduced their target price on Commerce.com from $3.00 to $2.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of Commerce.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 31st. The Goldman Sachs Group set a $5.00 price target on shares of Commerce.com in a report on Monday, August 10th. UBS Group initiated coverage on shares of Commerce.com in a research report on Tuesday, July 21st. They set a “neutral” rating and a $3.50 price objective on the stock. Finally, Canaccord Genuity Group lowered shares of Commerce.com from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $6.00 to $3.00 in a report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $4.17.

Commerce.com Trading Down 0.8%

NASDAQ CMRC opened at $3.66 on Tuesday. The stock has a 50-day moving average of $3.33 and a 200-day moving average of $2.94. The company has a current ratio of 2.02, a quick ratio of 2.03 and a debt-to-equity ratio of 2.91. Commerce.com has a 1-year low of $1.95 and a 1-year high of $5.55. The firm has a market cap of $303.27 million, a PE ratio of -45.75 and a beta of 1.09.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CMRC. Royce & Associates LP lifted its stake in shares of Commerce.com by 36.4% in the 3rd quarter. Royce & Associates LP now owns 25,759 shares of the company’s stock valued at $81,000 after purchasing an additional 6,868 shares during the period. Aberdeen Group plc purchased a new stake in Commerce.com in the third quarter worth $2,244,000. B. Riley Wealth Advisors Inc. bought a new position in Commerce.com in the third quarter worth $57,000. Douglas Lane & Associates LLC bought a new position in Commerce.com in the third quarter worth $448,000. Finally, NewEdge Advisors LLC bought a new position in Commerce.com in the second quarter worth $101,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.

Commerce.com Company Profile

Commerce.com, Inc. provides software and services that help businesses build and operate online stores. Its platform, BigCommerce, supports storefront creation, product and order management, payments, and sales across digital and physical channels, with tools for both business-to-consumer and business-to-business commerce. The company also offers Feedonomics, a platform for managing and distributing product data across online marketplaces and advertising channels, and Makeswift, a visual website-building tool.