Commerce.com, Inc. (NASDAQ:CMRC) Given Average Rating of “Reduce” by Brokerages

Shares of Commerce.com, Inc. (NASDAQ:CMRC) have been assigned an average rating of “Reduce” from the seven research firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $4.1667.

CMRC has been the subject of several research reports. Barclays reduced their target price on shares of Commerce.com from $3.00 to $2.00 and set an “underweight” rating for the company in a research note on Tuesday, August 11th. Canaccord Genuity Group reiterated a “hold” rating and issued a $3.00 price objective (down from $6.00) on shares of Commerce.com in a research report on Friday, August 7th. Wall Street Zen lowered Commerce.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. UBS Group restated a “neutral” rating and set a $3.50 price objective on shares of Commerce.com in a research report on Tuesday, July 21st. Finally, Zacks Research lowered Commerce.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th.

Commerce.com Trading Up 5.1%

Shares of CMRC stock opened at $2.48 on Thursday. The firm has a market capitalization of $205.49 million, a P/E ratio of -35.42 and a beta of 1.12. Commerce.com has a 1 year low of $1.95 and a 1 year high of $5.55. The firm’s fifty day simple moving average is $2.74 and its 200 day simple moving average is $2.80. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 2.95.

Institutional Investors Weigh In On Commerce.com

Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in shares of Commerce.com in the 4th quarter worth approximately $27,000. New York State Common Retirement Fund bought a new stake in Commerce.com in the fourth quarter valued at $35,000. T3 Companies LLC bought a new stake in Commerce.com in the fourth quarter valued at $41,000. Avondale Wealth Management acquired a new position in Commerce.com during the fourth quarter worth $41,000. Finally, Jain Global LLC acquired a new position in Commerce.com during the fourth quarter worth $46,000. 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. As of December 31, 2021, it served approximately 60,000 online stores across industries.