Segall Bryant & Hamill LLC Acquires New Shares in Commerce.com, Inc. $CMRC

Segall Bryant & Hamill LLC bought a new stake in Commerce.com, Inc. (NASDAQ:CMRC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 346,861 shares of the company’s stock, valued at approximately $926,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMRC. Pale Fire Capital SE grew its position in shares of 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 buying an additional 2,203,169 shares during the period. Geode Capital Management LLC bought a new position in Commerce.com during the 4th quarter worth approximately $6,605,000. Marshall Wace LLP bought a new stake in Commerce.com in the fourth quarter valued at approximately $6,188,000. State Street Corp bought a new stake in Commerce.com in the fourth quarter valued at approximately $5,867,000. Finally, Potrero Capital Research LLC acquired a new stake in Commerce.com in the fourth quarter worth $5,831,000. Institutional investors own 79.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CMRC. Needham & Company LLC reissued a “buy” rating and set a $7.50 price target on shares of Commerce.com in a research report on Thursday, April 30th. Zacks Research downgraded Commerce.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Wall Street Zen raised Commerce.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. UBS Group reiterated a “neutral” rating and set a $3.50 target price on shares of Commerce.com in a report on Tuesday, July 21st. Finally, Barclays boosted their target price on Commerce.com from $2.00 to $3.00 and gave the company an “underweight” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $4.80.

Commerce.com Trading Up 4.6%

Shares of NASDAQ:CMRC opened at $3.41 on Thursday. Commerce.com, Inc. has a 12 month low of $2.41 and a 12 month high of $5.55. 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 company’s fifty day simple moving average is $2.96 and its 200 day simple moving average is $2.92. The firm has a market cap of $281.36 million, a price-to-earnings ratio of -18.94 and a beta of 1.14.

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.