Commerce.com, Inc. (NASDAQ:CMRC) Receives $5.58 Average Target Price from Brokerages

Commerce.com, Inc. (NASDAQ:CMRC) has earned an average rating of “Reduce” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $5.5833.

A number of research analysts recently issued reports on CMRC shares. Canaccord Genuity Group cut their price target on Commerce.com from $11.00 to $6.00 and set a “buy” rating for the company in a report on Friday, February 13th. Morgan Stanley downgraded shares of Commerce.com from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $6.50 to $4.00 in a research note on Tuesday, January 20th. UBS Group set a $3.00 price target on shares of Commerce.com in a report on Friday, February 13th. Barclays reduced their price objective on Commerce.com from $3.00 to $2.00 and set an “underweight” rating on the stock in a report on Tuesday, February 17th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Commerce.com in a research report on Wednesday, January 21st.

Insider Activity at Commerce.com

In other Commerce.com news, insider Ellen F. Siminoff purchased 100,000 shares of the stock in a transaction dated Tuesday, February 17th. The stock was bought at an average price of $2.94 per share, for a total transaction of $294,000.00. Following the transaction, the insider directly owned 353,333 shares in the company, valued at $1,038,799.02. This represents a 39.47% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 9.06% of the stock is currently owned by corporate insiders.

Institutional Trading of Commerce.com

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP acquired a new stake in shares of Commerce.com during the fourth quarter worth $27,000. New York State Common Retirement Fund acquired a new position in shares of Commerce.com during the 4th quarter worth about $35,000. T3 Companies LLC bought a new stake in shares of Commerce.com in the 4th quarter valued at about $41,000. Avondale Wealth Management acquired a new stake in shares of Commerce.com in the 4th quarter valued at approximately $41,000. Finally, Jain Global LLC bought a new position in Commerce.com during the 4th quarter worth approximately $46,000. Institutional investors own 79.21% of the company’s stock.

Commerce.com Stock Performance

Shares of CMRC stock opened at $3.01 on Thursday. The firm has a market capitalization of $244.59 million, a P/E ratio of -13.09, a P/E/G ratio of 1.05 and a beta of 1.19. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.98 and a quick ratio of 2.14. Commerce.com has a 12 month low of $2.41 and a 12 month high of $6.52. The company’s fifty day moving average price is $3.33 and its two-hundred day moving average price is $4.20.

Commerce.com Company Profile

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.