Commerce.com, Inc. (NASDAQ:CMRC) Stock Has Average Price Target of $4.17 According to Brokerages

Shares of Commerce.com, Inc. (NASDAQ:CMRC) have earned an average rating of “Reduce” from the seven analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $4.17.

CMRC has been the topic of several recent research reports. Wall Street Zen downgraded shares of Commerce.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Canaccord Genuity Group cut Commerce.com from a “buy” rating to a “hold” rating and cut their price target for the company from $6.00 to $3.00 in a report on Friday, August 7th. Barclays reduced 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. UBS Group began coverage on Commerce.com in a research note on Tuesday, July 21st. They set a “neutral” rating and a $3.50 target price on the stock. Finally, The Goldman Sachs Group set a $5.00 price target on Commerce.com in a research report on Monday, August 10th.

Institutional Trading of Commerce.com

A number of hedge funds and other institutional investors have recently made changes to their positions in CMRC. Pale Fire Capital SE boosted its holdings in shares of Commerce.com by 3.5% in the second quarter. Pale Fire Capital SE now owns 3,054,890 shares of the company’s stock valued at $9,042,000 after acquiring an additional 102,796 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Commerce.com by 5.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,252,100 shares of the company’s stock valued at $3,343,000 after purchasing an additional 63,400 shares during the period. Aberdeen Group plc bought a new stake in shares of Commerce.com in the 3rd quarter worth $2,244,000. Principal Financial Group Inc. grew its holdings in Commerce.com by 54.0% during the first quarter. Principal Financial Group Inc. now owns 368,719 shares of the company’s stock worth $984,000 after acquiring an additional 129,223 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new position in Commerce.com during the first quarter worth about $926,000. 79.21% of the stock is currently owned by institutional investors.

Commerce.com Stock Performance

Shares of Commerce.com stock traded up $0.01 on Tuesday, reaching $3.55. 551,215 shares of the company were exchanged, compared to its average volume of 537,574. The firm has a market cap of $295.89 million, a price-to-earnings ratio of -44.38 and a beta of 1.09. Commerce.com has a 1-year low of $1.95 and a 1-year high of $5.03. The company has a debt-to-equity ratio of 2.91, a quick ratio of 2.03 and a current ratio of 2.02. The company’s 50-day moving average is $3.37 and its two-hundred day moving average is $2.95.

About Commerce.com

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.