Commerce.com, Inc. (NASDAQ:CMRC) Receives $8.30 Consensus Price Target from Analysts

Commerce.com, Inc. (NASDAQ:CMRC) has earned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $8.30.

CMRC has been the subject of a number of analyst reports. Barclays decreased their price target on Commerce.com from $6.00 to $5.00 and set an “underweight” rating for the company in a report on Tuesday, October 21st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Commerce.com in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 9th.

Institutional Investors Weigh In On Commerce.com

Hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Commerce.com in the 2nd quarter valued at about $76,000. Magnetar Financial LLC acquired a new stake in Commerce.com in the first quarter valued at approximately $84,000. CWM LLC grew its holdings in Commerce.com by 63.4% in the second quarter. CWM LLC now owns 20,399 shares of the company’s stock valued at $102,000 after purchasing an additional 7,917 shares during the period. Teza Capital Management LLC purchased a new stake in shares of Commerce.com in the first quarter valued at approximately $107,000. Finally, Ieq Capital LLC acquired a new position in shares of Commerce.com during the 1st quarter worth approximately $147,000. 79.21% of the stock is owned by hedge funds and other institutional investors.

Commerce.com Price Performance

Shares of CMRC opened at $4.22 on Friday. The business’s 50-day moving average is $4.63 and its two-hundred day moving average is $4.77. The company has a market capitalization of $342.92 million, a P/E ratio of -26.38 and a beta of 1.04. The company has a debt-to-equity ratio of 3.67, a quick ratio of 2.14 and a current ratio of 2.14. Commerce.com has a fifty-two week low of $4.14 and a fifty-two week high of $7.50.

Commerce.com (NASDAQ:CMRC) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.16. Commerce.com had a negative return on equity of 6.66% and a negative net margin of 3.93%.The business had revenue of $86.03 million during the quarter. During the same period last year, the firm earned $0.06 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year.

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.