Commerce.com, Inc. (NASDAQ:CMRC) Receives $8.30 Consensus PT from Analysts

Shares of Commerce.com, Inc. (NASDAQ:CMRC) have received an average recommendation of “Hold” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $8.30.

A number of equities research analysts recently commented on the company. Wall Street Zen downgraded Commerce.com from a “buy” rating to a “hold” rating in a report on Saturday. Barclays decreased their target price on Commerce.com from $6.00 to $5.00 and set an “underweight” rating for the company in a report on Tuesday, October 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Commerce.com in a report on Wednesday, August 20th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $11.00 target price on shares of Commerce.com in a report on Friday, August 1st. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Commerce.com in a report on Wednesday, October 8th.

Commerce.com Trading Down 2.6%

Commerce.com stock opened at $4.51 on Friday. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 4.06. Commerce.com has a 52 week low of $4.14 and a 52 week high of $7.99. The company has a market capitalization of $364.14 million, a price-to-earnings ratio of -20.50 and a beta of 1.07. The stock has a 50-day moving average price of $4.77 and a 200 day moving average price of $4.90.

Insiders Place Their Bets

In related news, insider Russell Scott Klein sold 98,080 shares of Commerce.com stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $4.59, for a total transaction of $450,187.20. Following the completion of the transaction, the insider directly owned 444,001 shares in the company, valued at approximately $2,037,964.59. This trade represents a 18.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.06% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Sei Investments Co. purchased a new position in Commerce.com during the first quarter valued at approximately $64,000. CWM LLC grew its position in shares of Commerce.com by 87.4% during the 1st quarter. CWM LLC now owns 12,482 shares of the company’s stock valued at $72,000 after acquiring an additional 5,820 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Commerce.com during the 2nd quarter valued at about $76,000. Magnetar Financial LLC acquired a new stake in shares of Commerce.com during the 1st quarter valued at about $84,000. Finally, Teza Capital Management LLC purchased a new stake in shares of Commerce.com in the first quarter valued at approximately $107,000. 79.21% of the stock is currently owned by hedge funds and other institutional investors.

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.