Commerce.com, Inc. (NASDAQ:CMRC) Receives Consensus Recommendation of “Reduce” from Analysts

Commerce.com, Inc. (NASDAQ:CMRC) has earned a consensus recommendation of “Reduce” from the six research firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $4.70.

CMRC has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $7.50 price objective on shares of Commerce.com in a research note on Thursday, April 30th. Zacks Research downgraded shares of Commerce.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Wall Street Zen raised shares of Commerce.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Barclays lifted their price target on shares of Commerce.com from $2.00 to $3.00 and gave the stock an “underweight” rating in a research note on Monday, May 11th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a report on Monday, April 20th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Quarry LP acquired a new stake in Commerce.com during the 4th quarter valued at approximately $27,000. New York State Common Retirement Fund purchased a new stake in Commerce.com during the 4th quarter worth approximately $35,000. Williams & Novak LLC acquired a new position in shares of Commerce.com in the 2nd quarter valued at approximately $38,000. T3 Companies LLC acquired a new position in shares of Commerce.com in the 4th quarter valued at approximately $41,000. Finally, Avondale Wealth Management purchased a new position in shares of Commerce.com during the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

Commerce.com Stock Down 1.6%

NASDAQ CMRC opened at $3.15 on Wednesday. The stock has a market cap of $259.91 million, a PE ratio of -17.50 and a beta of 1.15. Commerce.com has a fifty-two week low of $2.41 and a fifty-two week high of $5.55. The business has a 50 day moving average price of $2.93 and a two-hundred day moving average price of $3.05. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 3.26.

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.