Commerce.com (NASDAQ:CMRC) Downgraded by Zacks Research to Hold

Zacks Research lowered shares of Commerce.com (NASDAQ:CMRC) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks reports.

Other equities research analysts have also issued research reports about the company. UBS Group assumed coverage on Commerce.com in a research report on Tuesday, July 21st. They set a “neutral” rating and a $3.50 price target on the stock. The Goldman Sachs Group set a $5.00 target price on Commerce.com in a research note on Monday, August 10th. Wall Street Zen upgraded shares of Commerce.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 31st. Barclays cut their price target on shares of Commerce.com from $3.00 to $2.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 11th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $4.17.

Commerce.com Price Performance

CMRC opened at $3.66 on Tuesday. The company has a debt-to-equity ratio of 2.91, a current ratio of 2.02 and a quick ratio of 2.03. The stock has a market capitalization of $303.27 million, a P/E ratio of -45.75 and a beta of 1.09. The company’s 50 day simple moving average is $3.33 and its 200-day simple moving average is $2.94. Commerce.com has a one year low of $1.95 and a one year high of $5.55.

Hedge Funds Weigh In On Commerce.com

A number of large investors have recently bought and sold shares of the company. Williams & Novak LLC acquired a new stake in shares of Commerce.com in the second quarter valued at approximately $38,000. B. Riley Wealth Advisors Inc. acquired a new position in Commerce.com during the third quarter worth $57,000. Royce & Associates LP boosted its holdings in Commerce.com by 36.4% during the third quarter. Royce & Associates LP now owns 25,759 shares of the company’s stock worth $81,000 after purchasing an additional 6,868 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in Commerce.com in the 2nd quarter valued at $101,000. Finally, Sei Investments Co. increased its stake in Commerce.com by 418.1% in the 1st quarter. Sei Investments Co. now owns 53,469 shares of the company’s stock valued at $143,000 after buying an additional 43,148 shares during the last quarter. Institutional investors and hedge funds own 79.21% of the company’s stock.

Commerce.com Company Profile

Commerce.com, Inc. provides software and services that help businesses build and operate online stores. Its platform, BigCommerce, supports storefront creation, product and order management, payments, and sales across digital and physical channels, with tools for both business-to-consumer and business-to-business commerce. The company also offers Feedonomics, a platform for managing and distributing product data across online marketplaces and advertising channels, and Makeswift, a visual website-building tool.