Commerce.com, Inc. (NASDAQ:CMRC) Given Consensus Rating of “Hold” by Analysts

Commerce.com, Inc. (NASDAQ:CMRC) has been given an average rating of “Hold” by the six brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $8.30.

Several brokerages have issued reports on CMRC. Wall Street Zen raised Commerce.com from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of Commerce.com in a research report on Wednesday, October 8th. Finally, Barclays reduced their price objective on Commerce.com from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Tuesday, October 21st.

Commerce.com Trading Down 2.5%

Shares of CMRC stock opened at $4.22 on Friday. The stock has a 50-day moving average of $4.64 and a 200-day moving average of $4.78. Commerce.com has a 1-year low of $4.14 and a 1-year high of $7.50. The stock has a market cap of $342.92 million, a price-to-earnings ratio of -26.38 and a beta of 1.04. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 3.67.

Commerce.com (NASDAQ:CMRC) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.16. Commerce.com had a negative net margin of 3.93% and a negative return on equity of 6.66%. The firm had revenue of $86.03 million for the quarter. During the same quarter last year, the firm posted $0.06 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis.

Hedge Funds Weigh In On Commerce.com

Large investors have recently bought and sold shares of the stock. CWM LLC lifted its position in shares of Commerce.com by 63.4% during the second quarter. CWM LLC now owns 20,399 shares of the company’s stock valued at $102,000 after purchasing an additional 7,917 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Commerce.com during the 2nd quarter worth $76,000. Rhumbline Advisers raised its stake in shares of Commerce.com by 3.6% during the 1st quarter. Rhumbline Advisers now owns 101,451 shares of the company’s stock worth $584,000 after purchasing an additional 3,535 shares during the period. Acadian Asset Management LLC increased its holdings in Commerce.com by 714.4% during the first quarter. Acadian Asset Management LLC now owns 690,548 shares of the company’s stock worth $3,976,000 after buying an additional 605,753 shares during the last quarter. Finally, S Squared Technology LLC boosted its stake in Commerce.com by 1,137.3% in the first quarter. S Squared Technology LLC now owns 618,662 shares of the company’s stock valued at $3,563,000 after acquiring an additional 568,662 shares during the last quarter. 79.21% of the stock is currently 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.