Commerce.com (NASDAQ:CMRC) Upgraded at Zacks Research

Zacks Research upgraded shares of Commerce.com (NASDAQ:CMRC) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks reports.

A number of other research firms have also issued reports on CMRC. Wall Street Zen lowered Commerce.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. UBS Group reiterated a “neutral” rating and issued a $3.50 price objective on shares of Commerce.com in a research report on Tuesday, July 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of Commerce.com in a research note on Friday, July 17th. Barclays cut their price objective on shares of Commerce.com from $3.00 to $2.00 and set an “underweight” rating for the company in a research report on Tuesday, August 11th. Finally, The Goldman Sachs Group set a $5.00 target price on shares of Commerce.com in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $4.17.

Commerce.com Stock Performance

NASDAQ CMRC opened at $3.38 on Monday. The firm has a market cap of $280.07 million, a P/E ratio of -48.28 and a beta of 1.05. Commerce.com has a 52-week low of $1.95 and a 52-week high of $5.55. The business’s 50-day moving average price is $2.80 and its 200 day moving average price is $2.85. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 2.95.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pale Fire Capital SE lifted 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 buying an additional 2,203,169 shares during the period. S Squared Technology LLC purchased a new stake in Commerce.com in the 4th quarter worth approximately $4,976,000. Segall Bryant & Hamill LLC purchased a new stake in Commerce.com in the 1st quarter worth approximately $926,000. Needham Investment Management LLC acquired a new position in Commerce.com in the 4th quarter valued at $1,164,000. Finally, Bank of New York Mellon Corp acquired a new position in Commerce.com in the 2nd quarter valued at $689,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

Commerce.com Company Profile

Commerce.com, Inc is a commerce technology company that provides software designed to help businesses build, operate and expand digital commerce experiences. Its platform is intended to support online selling across branded websites and other digital channels.

The company’s offerings include tools for creating and managing digital storefronts, product catalogs, shopping carts, checkout processes and customer interactions. Commerce.com also provides capabilities that help businesses manage orders and commerce operations, with an emphasis on supporting flexible and integrated digital experiences.

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