Commerce.com, Inc. (NASDAQ:CMRC) Stock Has Average Target Price of $4.17 According to Analysts

Shares of Commerce.com, Inc. (NASDAQ:CMRC) have been given a consensus rating of “Reduce” by the seven ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $4.17.

A number of research analysts recently commented on CMRC shares. The Goldman Sachs Group set a $5.00 price target on shares of Commerce.com in a report on Monday, August 10th. 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. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Commerce.com in a research note on Friday, July 17th. Canaccord Genuity Group reiterated a “hold” rating and issued a $3.00 target price (down from $6.00) on shares of Commerce.com in a report on Friday, August 7th. Finally, Barclays dropped their target price on Commerce.com from $3.00 to $2.00 and set an “underweight” rating for the company in a report on Tuesday, August 11th.

Commerce.com Stock Performance

Shares of NASDAQ:CMRC opened at $3.26 on Monday. The firm has a fifty day simple moving average of $2.76 and a two-hundred day simple moving average of $2.83. Commerce.com has a 52 week low of $1.95 and a 52 week high of $5.55. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 2.95. The stock has a market capitalization of $270.12 million, a P/E ratio of -46.56 and a beta of 1.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Williams & Novak LLC purchased a new stake in shares of Commerce.com in the second quarter valued at $38,000. T3 Companies LLC bought a new stake in shares of Commerce.com in the 4th quarter worth about $41,000. R Squared Ltd purchased a new position in shares of Commerce.com during the 1st quarter worth about $45,000. ProShare Advisors LLC purchased a new position in shares of Commerce.com during the 4th quarter worth about $50,000. Finally, SG Americas Securities LLC purchased a new position in shares of Commerce.com during the 1st quarter worth about $74,000. 79.21% of the stock is owned by hedge funds and other institutional investors.

Commerce.com Company Profile

Commerce.com is a technology company focused on helping businesses operate and grow their digital commerce activities. Its platform is designed to support online selling and related commerce operations for merchants and brands.

The company’s solutions generally encompass core e-commerce functions such as digital storefronts, product and catalog management, customer experiences, order processing, and integrations with other business and commerce systems. These capabilities are intended to help businesses manage commerce across digital channels and connect online operations with broader business processes.

Commerce.com serves businesses seeking technology for direct-to-consumer and other digital commerce models.