Wall Street Zen Downgrades Commerce.com (NASDAQ:CMRC) to Buy

Commerce.com (NASDAQ:CMRC) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts have also recently weighed in on the stock. Canaccord Genuity Group reissued a “hold” rating and issued a $3.00 target price (down from $6.00) on shares of Commerce.com in a research note on Friday. UBS Group reissued a “neutral” rating and set a $3.50 target price on shares of Commerce.com in a report on Tuesday, July 21st. Needham & Company LLC reissued a “buy” rating and set a $7.50 price target on shares of Commerce.com in a research report on Thursday, April 30th. Zacks Research downgraded shares of Commerce.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a research note on Friday, July 17th. One 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. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $4.20.

Commerce.com Stock Performance

Shares of NASDAQ:CMRC opened at $2.22 on Friday. The company has a market capitalization of $183.18 million, a price-to-earnings ratio of -31.71 and a beta of 1.14. The firm’s 50 day simple moving average is $2.93 and its 200 day simple moving average is $2.90. The company has a debt-to-equity ratio of 2.95, a current ratio of 2.03 and a quick ratio of 2.03. Commerce.com has a fifty-two week low of $1.95 and a fifty-two week high of $5.55.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Quarry LP bought a new stake in shares of Commerce.com in the 4th quarter worth $27,000. New York State Common Retirement Fund purchased a new stake in Commerce.com in the 4th quarter valued at about $35,000. T3 Companies LLC purchased a new stake in Commerce.com in the 4th quarter valued at about $41,000. Avondale Wealth Management bought a new position in shares of Commerce.com during the 4th quarter worth approximately $41,000. Finally, Jain Global LLC bought a new position in shares of Commerce.com during the 4th quarter worth approximately $46,000. 79.21% of the stock is owned by institutional investors.

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.