Brokerages Set Commerce.com, Inc. (NASDAQ:CMRC) Target Price at $4.70

Shares of Commerce.com, Inc. (NASDAQ:CMRC) have been given an average recommendation of “Hold” by the six analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $4.70.

CMRC has been the subject of several recent research reports. Zacks Research raised Commerce.com from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Needham & Company LLC restated a “buy” rating and issued a $7.50 target price on shares of Commerce.com in a research note on Thursday, April 30th. Weiss Ratings restated a “sell (e+)” rating on shares of Commerce.com in a research note on Monday, April 20th. Wall Street Zen upgraded shares of Commerce.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Barclays raised their target price on shares of Commerce.com from $2.00 to $3.00 and gave the company an “underweight” rating in a research note on Monday, May 11th.

Hedge Funds Weigh In On Commerce.com

Several hedge funds have recently modified their holdings of the stock. Segall Bryant & Hamill LLC acquired a new position in shares of Commerce.com during the first quarter valued at about $926,000. Royal Bank of Canada increased its holdings in shares of Commerce.com by 17.0% during the first quarter. Royal Bank of Canada now owns 111,484 shares of the company’s stock valued at $298,000 after acquiring an additional 16,213 shares in the last quarter. Renaissance Technologies LLC lifted its position in Commerce.com by 5.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,252,100 shares of the company’s stock worth $3,343,000 after acquiring an additional 63,400 shares during the period. Pale Fire Capital SE lifted its position in Commerce.com by 294.2% during the 1st quarter. Pale Fire Capital SE now owns 2,952,094 shares of the company’s stock worth $7,882,000 after acquiring an additional 2,203,169 shares during the period. Finally, Sei Investments Co. lifted its position in Commerce.com by 418.1% during the 1st quarter. Sei Investments Co. now owns 53,469 shares of the company’s stock worth $143,000 after acquiring an additional 43,148 shares during the period. Institutional investors and hedge funds own 79.21% of the company’s stock.

Commerce.com Stock Performance

CMRC opened at $2.74 on Friday. The firm has a market cap of $226.08 million, a price-to-earnings ratio of -15.22 and a beta of 1.17. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 3.26. Commerce.com has a 12 month low of $2.41 and a 12 month high of $5.55. The stock has a fifty day moving average price of $2.88 and a 200-day moving average price of $3.22.

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.