Commerce.com (NASDAQ:CMRC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Commerce.com (NASDAQ:CMRC) from a buy rating to a strong-buy rating in a research note published on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts have also recently issued reports on CMRC. Barclays dropped their price target on shares of Commerce.com from $3.00 to $2.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Commerce.com in a research report on Thursday, October 15th. Zacks Research upgraded shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. UBS Group started coverage on shares of Commerce.com in a report on Tuesday, July 21st. They set a “neutral” rating and a $3.50 price objective on the stock. Finally, The Goldman Sachs Group set a $5.00 target price on shares of Commerce.com in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.17.

Commerce.com Trading Up 3.3%

Shares of CMRC stock opened at $3.40 on Friday. The company has a debt-to-equity ratio of 2.95, a current ratio of 2.03 and a quick ratio of 2.03. The company has a market cap of $281.72 million, a price-to-earnings ratio of 28.92 and a beta of 1.05. The stock has a 50 day simple moving average of $3.15 and a 200-day simple moving average of $2.94. Commerce.com has a 1-year low of $1.95 and a 1-year high of $5.55.

Hedge Funds Weigh In On Commerce.com

Hedge funds and other institutional investors have recently made changes to their positions in the company. Williams & Novak LLC acquired a new stake in shares of Commerce.com in the second quarter worth approximately $38,000. R Squared Ltd acquired a new position in Commerce.com in the 1st quarter valued at $45,000. B. Riley Wealth Advisors Inc. acquired a new position in Commerce.com in the 3rd quarter valued at $57,000. SG Americas Securities LLC acquired a new position in Commerce.com in the 1st quarter valued at $74,000. Finally, NewEdge Advisors LLC purchased a new position in Commerce.com in the 2nd quarter valued at $101,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.

Commerce.com Company Profile

Commerce.com, Inc is a commerce technology company that provides software designed to help businesses build, operate and manage digital commerce experiences. Its platform is intended to support online selling across customer-facing storefronts and other sales channels, while enabling companies to manage core commerce operations from a unified technology environment.

The company’s offerings are focused on composable and flexible commerce capabilities, including tools for product catalog management, merchandising, shopping experiences, checkout and order management.