Commerce.com (NASDAQ:CMRC) Stock Moved Up to Strong-Buy by Wall Street Zen

Wall Street Zen upgraded shares of Commerce.com (NASDAQ:CMRC) from a buy rating to a strong-buy rating in a report issued on Saturday,Wall Street Zen reports.

Several other equities analysts have also recently weighed in on the stock. UBS Group reaffirmed a “neutral” rating and issued a $3.50 price target on shares of Commerce.com in a research report on Tuesday, July 21st. Barclays decreased their price objective on Commerce.com from $3.00 to $2.00 and set an “underweight” rating for the company in a report on Tuesday, August 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Commerce.com in a report on Friday, July 17th. Zacks Research upgraded Commerce.com from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Finally, The Goldman Sachs Group set a $5.00 target price on Commerce.com in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.17.

Commerce.com Stock Up 8.1%

Commerce.com stock opened at $3.48 on Friday. Commerce.com has a 1-year low of $1.95 and a 1-year high of $5.55. The firm has a market capitalization of $288.35 million, a price-to-earnings ratio of -49.71 and a beta of 1.05. The firm’s fifty day moving average price is $2.81 and its two-hundred day moving average price is $2.86. 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 company. Pale Fire Capital SE boosted its stake in shares of Commerce.com by 294.2% in the 1st quarter. Pale Fire Capital SE now owns 2,952,094 shares of the company’s stock worth $7,882,000 after buying an additional 2,203,169 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Commerce.com during the second quarter valued at approximately $689,000. Segall Bryant & Hamill LLC bought a new stake in Commerce.com during the first quarter worth $926,000. Needham Investment Management LLC bought a new stake in Commerce.com during the fourth quarter worth $1,164,000. Finally, S Squared Technology LLC purchased a new position in Commerce.com in the fourth quarter worth $4,976,000. 79.21% of the stock is owned by institutional investors.

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.