Nano Cap New Millennium Growth Fund L P Invests $762,000 in Commerce.com, Inc. $CMRC

Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Commerce.com, Inc. (NASDAQ:CMRC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 185,000 shares of the company’s stock, valued at approximately $762,000.

Several other large investors also recently modified their holdings of the company. M&T Bank Corp acquired a new stake in shares of Commerce.com during the fourth quarter worth $5,679,000. AQR Capital Management LLC increased its holdings in Commerce.com by 2,028.0% in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Commerce.com by 15.9% in 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 in the last quarter. Versor Investments LP bought a new stake in Commerce.com in the fourth quarter worth approximately $307,000. Finally, CWM LLC bought a new stake in Commerce.com in the fourth quarter worth approximately $159,000. 79.21% of the stock is currently owned by institutional investors and hedge funds.

Commerce.com Price Performance

Shares of CMRC opened at $2.96 on Friday. Commerce.com, Inc. has a 12-month low of $2.41 and a 12-month high of $5.55. The business’s fifty day moving average is $2.80 and its 200 day moving average is $3.48. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 3.26. The stock has a market cap of $244.24 million, a P/E ratio of -16.44, a P/E/G ratio of 0.95 and a beta of 1.14.

Analysts Set New Price Targets

CMRC has been the subject of a number of research analyst reports. Wall Street Zen upgraded Commerce.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a report on Monday, April 20th. Canaccord Genuity Group lowered their target price on Commerce.com from $11.00 to $6.00 and set a “buy” rating for the company in a report on Friday, February 13th. UBS Group set a $3.00 price objective on shares of Commerce.com in a report on Friday, February 13th. Finally, Barclays upped their price objective on shares of Commerce.com from $2.00 to $3.00 and gave the company an “underweight” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $4.70.

Commerce.com 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.