Commerce.com (NASDAQ:CMRC) Downgraded to “Hold” Rating by Zacks Research

Zacks Research lowered shares of Commerce.com (NASDAQ:CMRC) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Several other equities analysts have also issued reports on CMRC. Barclays lifted their target price on shares of Commerce.com from $2.00 to $3.00 and gave the company an “underweight” rating in a report on Monday, May 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $7.50 price objective on shares of Commerce.com in a research report on Thursday, April 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a research note on Monday, April 20th. Finally, Wall Street Zen raised Commerce.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Commerce.com currently has a consensus rating of “Reduce” and an average price target of $4.70.

Commerce.com Trading Up 0.3%

Shares of NASDAQ CMRC opened at $3.19 on Monday. Commerce.com has a 1 year low of $2.41 and a 1 year high of $5.55. The stock has a market cap of $263.21 million, a P/E ratio of -17.72 and a beta of 1.15. The firm has a 50-day moving average of $2.91 and a 200 day moving average of $3.09. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.98 and a quick ratio of 1.98.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Pale Fire Capital SE lifted its stake in Commerce.com by 294.2% during the 1st quarter. Pale Fire Capital SE now owns 2,952,094 shares of the company’s stock valued at $7,882,000 after acquiring an additional 2,203,169 shares during the period. Geode Capital Management LLC bought a new stake in shares of Commerce.com in the fourth quarter worth approximately $6,605,000. Marshall Wace LLP purchased a new position in shares of Commerce.com during the fourth quarter valued at approximately $6,188,000. State Street Corp bought a new position in Commerce.com during the fourth quarter valued at approximately $5,867,000. Finally, Potrero Capital Research LLC bought a new position in Commerce.com during the fourth quarter valued at approximately $5,831,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.

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.