Commerce.com (NASDAQ:CMRC) Raised to Strong-Buy at Zacks Research

Commerce.com (NASDAQ:CMRC) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

CMRC has been the subject of several other reports. Wall Street Zen raised Commerce.com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $7.50 target price on shares of Commerce.com in a research report on Thursday, April 30th. Barclays raised their target price on Commerce.com from $2.00 to $3.00 and gave the stock an “underweight” rating in a research report on Monday, May 11th. UBS Group set a $3.00 price objective on Commerce.com in a research report on Friday, February 13th. Finally, Canaccord Genuity Group lowered their price objective on Commerce.com from $11.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.70.

Commerce.com Stock Up 1.0%

Shares of NASDAQ:CMRC opened at $2.94 on Tuesday. The firm has a market cap of $242.58 million, a P/E ratio of -16.33 and a beta of 1.14. The company has a quick ratio of 1.98, a current 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 business has a fifty day simple moving average of $2.81 and a 200 day simple moving average of $3.44.

Institutional Trading of Commerce.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Commerce.com in the 4th quarter valued at about $27,000. New York State Common Retirement Fund bought a new stake in Commerce.com in the 4th quarter valued at about $35,000. T3 Companies LLC bought a new stake in Commerce.com in the 4th quarter valued at about $41,000. Avondale Wealth Management bought a new stake in Commerce.com in the 4th quarter valued at about $41,000. Finally, Jain Global LLC bought a new stake in Commerce.com in the 4th quarter valued at about $46,000. 79.21% of the stock is owned by institutional investors.

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.