Commerce.com (NASDAQ:CMRC) Rating Increased to Strong-Buy at Wall Street Zen

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

Other equities research analysts have also recently issued reports about the stock. UBS Group set a $3.00 target price on shares of Commerce.com in a research report on Friday. Barclays decreased their price target on shares of Commerce.com from $5.00 to $3.00 and set an “underweight” rating for the company in a research note on Monday, January 12th. Canaccord Genuity Group cut their price objective on Commerce.com from $11.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a report on Wednesday, January 21st. Finally, Zacks Research cut Commerce.com from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $5.75.

Commerce.com Price Performance

Shares of Commerce.com stock opened at $2.77 on Friday. The business has a 50 day moving average of $3.77 and a 200 day moving average of $4.38. Commerce.com has a 52 week low of $2.41 and a 52 week high of $7.50. The company has a market cap of $225.09 million, a PE ratio of -12.04 and a beta of 1.15. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 3.67.

Institutional Trading of Commerce.com

A number of hedge funds have recently made changes to their positions in the stock. T3 Companies LLC bought a new position in shares of Commerce.com during the fourth quarter valued at $41,000. CenterBook Partners LP bought a new position in Commerce.com in the 4th quarter worth about $3,617,000. P.A.W. Capital Corp purchased a new stake in Commerce.com during the 4th quarter valued at about $2,472,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in Commerce.com during the 4th quarter valued at about $762,000. Finally, ProShare Advisors LLC bought a new stake in Commerce.com during the 4th quarter valued at about $50,000. 79.21% of the stock is owned by 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. As of December 31, 2021, it served approximately 60,000 online stores across industries.