Commerce.com, Inc. (NASDAQ:CMRC) Stock Rated “Hold” by Sell-Side Brokerages

Shares of Commerce.com, Inc. (NASDAQ:CMRC) have received a consensus rating of “Hold” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $4.17.

Several brokerages have recently issued reports on CMRC. UBS Group reiterated a “neutral” rating and issued a $3.50 price target on shares of Commerce.com in a research note on Tuesday, July 21st. Barclays dropped their price objective on Commerce.com from $3.00 to $2.00 and set an “underweight” rating for the company in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Commerce.com in a research note on Thursday, October 15th. Zacks Research upgraded Commerce.com from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Finally, Wall Street Zen downgraded shares of Commerce.com from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 18th.

Commerce.com Stock Up 1.4%

NASDAQ CMRC opened at $3.67 on Friday. The business has a fifty day moving average price of $2.98 and a two-hundred day moving average price of $2.92. The company has a debt-to-equity ratio of 2.95, a current ratio of 2.03 and a quick ratio of 2.03. Commerce.com has a fifty-two week low of $1.95 and a fifty-two week high of $5.55. The stock has a market capitalization of $304.10 million, a PE ratio of 30.17 and a beta of 1.05.

Institutional Trading of Commerce.com

A number of hedge funds have recently added to or reduced their stakes in CMRC. Pale Fire Capital SE grew its stake in shares of Commerce.com by 3.5% during the second quarter. Pale Fire Capital SE now owns 3,054,890 shares of the company’s stock worth $9,042,000 after buying an additional 102,796 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Commerce.com by 5.3% in the 1st quarter. Renaissance Technologies LLC now owns 1,252,100 shares of the company’s stock valued at $3,343,000 after acquiring an additional 63,400 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Commerce.com by 54.0% during the 1st quarter. Principal Financial Group Inc. now owns 368,719 shares of the company’s stock valued at $984,000 after acquiring an additional 129,223 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Commerce.com during the 1st quarter valued at $926,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Commerce.com during the 2nd quarter valued at $689,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

About Commerce.com

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.