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

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 on Monday,Zacks.com reports.

Several other research firms have also recently weighed in on CMRC. Barclays lifted their price target on shares of Commerce.com from $2.00 to $3.00 and gave the company an “underweight” rating in a report on Monday, May 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $7.50 target price on shares of Commerce.com in a research report on Thursday, April 30th. Wall Street Zen raised shares of Commerce.com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Commerce.com presently has a consensus rating of “Reduce” and an average target price of $4.70.

Commerce.com Price Performance

Shares of CMRC stock opened at $3.19 on Monday. The firm has a market cap of $263.21 million, a P/E ratio of -17.72 and a beta of 1.15. Commerce.com has a fifty-two week low of $2.41 and a fifty-two week high of $5.55. The business’s 50 day moving average price is $2.91 and its 200-day moving average price is $3.09. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.98 and a current ratio of 1.98.

Institutional Trading of Commerce.com

A number of hedge funds and other institutional investors have recently modified their holdings of CMRC. Pale Fire Capital SE increased its stake in shares of Commerce.com by 294.2% during the first quarter. Pale Fire Capital SE now owns 2,952,094 shares of the company’s stock valued at $7,882,000 after purchasing an additional 2,203,169 shares in the last quarter. Geode Capital Management LLC purchased a new position in shares of Commerce.com during the fourth quarter valued at approximately $6,605,000. Marshall Wace LLP bought a new stake in shares of Commerce.com in the 4th quarter worth approximately $6,188,000. State Street Corp purchased a new stake in shares of Commerce.com in the 4th quarter worth approximately $5,867,000. Finally, Potrero Capital Research LLC bought a new position in Commerce.com during the 4th quarter valued at approximately $5,831,000. 79.21% of the stock is owned by hedge funds and other institutional investors.

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.