Zacks Research Downgrades Commerce.com (NASDAQ:CMRC) to Hold

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

A number of other equities research analysts also recently commented on CMRC. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a report on Wednesday. Morgan Stanley downgraded shares of Commerce.com from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $6.50 to $4.00 in a research report on Tuesday. Wall Street Zen lowered shares of Commerce.com from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Barclays lowered their target price on shares of Commerce.com from $5.00 to $3.00 and set an “underweight” rating for the company in a research note on Monday, January 12th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $7.30.

Commerce.com Stock Down 3.0%

Shares of NASDAQ CMRC opened at $3.27 on Thursday. Commerce.com has a 52-week low of $3.26 and a 52-week high of $7.50. The company has a debt-to-equity ratio of 3.67, a quick ratio of 2.14 and a current ratio of 2.14. The business has a fifty day moving average of $4.23 and a two-hundred day moving average of $4.60. The stock has a market cap of $265.72 million, a PE ratio of -20.44 and a beta of 1.09.

Commerce.com (NASDAQ:CMRC) last released its earnings results on Thursday, November 6th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.16. The firm had revenue of $86.03 million during the quarter. Commerce.com had a negative net margin of 3.93% and a negative return on equity of 6.66%. Commerce.com’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 EPS.

Institutional Trading of Commerce.com

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC grew its stake in Commerce.com by 2,028.0% in the first quarter. AQR Capital Management LLC now owns 278,583 shares of the company’s stock valued at $1,605,000 after purchasing an additional 265,492 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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. Wealth Enhancement Advisory Services LLC bought a new position in shares of Commerce.com in the second quarter valued at $76,000. CWM LLC increased its holdings in Commerce.com by 63.4% during the second quarter. CWM LLC now owns 20,399 shares of the company’s stock worth $102,000 after buying an additional 7,917 shares during the last quarter. Finally, Pallas Capital Advisors LLC bought a new stake in Commerce.com during the fourth quarter worth $50,000. Institutional investors own 79.21% of the company’s stock.

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.