Commerce.com (NASDAQ:CMRC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Commerce.com (NASDAQ:CMRC) from a hold rating to a strong-buy rating in a research report sent to investors on Sunday.

Several other equities research analysts have also issued reports on CMRC. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a research note on Wednesday, October 8th. Needham & Company LLC restated a “buy” rating and issued a $10.00 price objective on shares of Commerce.com in a report on Wednesday, August 20th. Barclays dropped their target price on Commerce.com from $6.00 to $5.00 and set an “underweight” rating on the stock in a report on Tuesday, October 21st. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $11.00 price target on shares of Commerce.com in a research report on Friday, August 1st. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.30.

Commerce.com Trading Up 3.8%

NASDAQ:CMRC opened at $5.19 on Friday. Commerce.com has a twelve month low of $4.14 and a twelve month high of $7.99. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 3.67. The business has a 50 day moving average price of $4.79 and a two-hundred day moving average price of $4.89. The company has a market cap of $419.04 million, a P/E ratio of -32.44 and a beta of 1.07.

Commerce.com (NASDAQ:CMRC) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.16. Commerce.com had a negative net margin of 3.93% and a negative return on equity of 6.66%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. Commerce.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Insider Buying and Selling

In related news, insider Russell Scott Klein sold 98,080 shares of Commerce.com stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $4.59, for a total transaction of $450,187.20. Following the completion of the transaction, the insider owned 444,001 shares in the company, valued at approximately $2,037,964.59. This trade represents a 18.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.06% of the company’s stock.

Institutional Trading of Commerce.com

Hedge funds have recently made changes to their positions in the business. Sei Investments Co. acquired a new position in shares of Commerce.com during the 1st quarter worth approximately $64,000. CWM LLC lifted its holdings in Commerce.com by 87.4% during the 1st quarter. CWM LLC now owns 12,482 shares of the company’s stock valued at $72,000 after purchasing an additional 5,820 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Commerce.com during the second quarter worth $76,000. Magnetar Financial LLC acquired a new position in shares of Commerce.com in the first quarter valued at $84,000. Finally, Teza Capital Management LLC acquired a new position in shares of Commerce.com in the first quarter valued at $107,000. 79.21% of the stock is owned by institutional investors and hedge funds.

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.