Wall Street Zen Downgrades Commerce.com (NASDAQ:CMRC) to Buy

Commerce.com (NASDAQ:CMRC) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Other equities analysts also recently issued research reports about the stock. Barclays reduced their price objective on shares of Commerce.com from $5.00 to $3.00 and set an “underweight” rating on the stock in a research note on Monday, January 12th. Morgan Stanley downgraded Commerce.com from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $6.50 to $4.00 in a report on Tuesday, January 20th. Zacks Research raised Commerce.com from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Commerce.com in a research report on Wednesday. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Commerce.com presently has an average rating of “Reduce” and an average target price of $7.30.

Commerce.com Stock Performance

NASDAQ CMRC opened at $3.27 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 3.67. Commerce.com has a fifty-two week low of $3.26 and a fifty-two week high of $7.50. The business has a fifty day moving average of $4.23 and a 200-day moving average of $4.59. The stock has a market cap of $265.72 million, a price-to-earnings ratio of -20.44 and a beta of 1.09.

Commerce.com (NASDAQ:CMRC) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.16. Commerce.com had a negative return on equity of 6.66% and a negative net margin of 3.93%.The firm had revenue of $86.03 million during the quarter. During the same quarter in the prior year, the business posted $0.06 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Pallas Capital Advisors LLC acquired a new position in Commerce.com during the fourth quarter valued at approximately $50,000. CWM LLC raised its stake in shares of Commerce.com by 63.4% in the 2nd quarter. CWM LLC now owns 20,399 shares of the company’s stock valued at $102,000 after acquiring an additional 7,917 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Commerce.com in the 2nd quarter valued at $76,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Commerce.com by 15.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,826 shares of the company’s stock valued at $483,000 after acquiring an additional 11,509 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Commerce.com by 2,028.0% during the 1st 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 during the period. Hedge funds and other institutional investors own 79.21% of the company’s stock.

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.