CenterBook Partners LP Invests $3.62 Million in Commerce.com, Inc. $CMRC

CenterBook Partners LP bought a new position in shares of Commerce.com, Inc. (NASDAQ:CMRC) during the 4th quarter, Holdings Channel reports. The firm bought 878,009 shares of the company’s stock, valued at approximately $3,617,000.

Several other large investors also recently made changes to their positions in CMRC. AQR Capital Management LLC grew its holdings in shares of Commerce.com by 2,028.0% during the first quarter. AQR Capital Management LLC now owns 278,583 shares of the company’s stock worth $1,605,000 after purchasing an additional 265,492 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Commerce.com by 15.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,826 shares of the company’s stock worth $483,000 after purchasing an additional 11,509 shares during the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of Commerce.com during the fourth quarter worth $50,000. CWM LLC bought a new stake in shares of Commerce.com during the fourth quarter worth $159,000. Finally, M&T Bank Corp bought a new stake in shares of Commerce.com during the fourth quarter worth $5,679,000. Institutional investors own 79.21% of the company’s stock.

Commerce.com Trading Down 1.8%

NASDAQ:CMRC opened at $2.77 on Tuesday. Commerce.com, Inc. has a 1-year low of $2.41 and a 1-year high of $5.55. The business’s 50-day moving average price is $2.87 and its two-hundred day moving average price is $3.33. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 3.26. The firm has a market capitalization of $228.55 million, a price-to-earnings ratio of -15.39 and a beta of 1.17.

Wall Street Analysts Forecast Growth

CMRC has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $7.50 target price on shares of Commerce.com in a report on Thursday, April 30th. Wall Street Zen upgraded Commerce.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Canaccord Genuity Group decreased their target price on Commerce.com from $11.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Zacks Research upgraded Commerce.com from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4.70.

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.