Commerce.com, Inc. (NASDAQ:CMRC) Given Consensus Rating of "Reduce" by Brokerages
Commerce.com, Inc. (NASDAQ:CMRC) has received an average recommendation of "Reduce" from seven brokerages. Three analysts rated it as a sell, two as hold, and two as buy. The average price target is $7.30. Barclays and Morgan Stanley downgraded their price targets to $3.00 and $4.00, respectively. The stock opened at $2.97, with a market cap of $241.34 million. The company reported a revenue of $86.03 million for the last quarter, up 2.7% year-over-year, and an EPS of $0.08, beating estimates by $0.16.
Commerce.com, Inc. (NASDAQ:CMRC - Get Free Report) has been given an average recommendation of "Reduce" by the seven brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $7.30.
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Several analysts have commented on CMRC shares. Barclays lowered their price objective on shares of Commerce.com from $5.00 to $3.00 and set an "underweight" rating for the company in a report on Monday, January 12th. Morgan Stanley downgraded shares of Commerce.com from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $6.50 to $4.00 in a research report on Tuesday, January 20th. Zacks Research cut shares of Commerce.com from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 22nd. Wall Street Zen cut Commerce.com from a "strong-buy" rating to a "buy" rating in a research report on Saturday, January 24th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Commerce.com in a research report on Wednesday, January 21st.
Check Out Our Latest Stock Analysis on CMRC
Institutional Trading of Commerce.com
- BigCommerce NASDAQ: BIGC Stock Breaking Out: The Next Big Thing in E-commerce?
Several hedge funds have recently modified their holdings of the company. CWM LLC raised its position in Commerce.com by 63.4% during the second quarter. CWM LLC now owns 20,399 shares of the company's stock valued at $102,000 after purchasing an additional 7,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 purchasing an additional 11,509 shares during the period. Pallas Capital Advisors LLC purchased a new stake in Commerce.com during the fourth quarter worth $50,000. ProShare Advisors LLC purchased a new stake in shares of Commerce.com during the 4th quarter worth $50,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Commerce.com during the fourth quarter valued at about $57,000. 79.21% of the stock is owned by hedge funds and other institutional investors.
Commerce.com Stock Performance
Commerce.com stock opened at $2.97 on Friday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 3.67. The firm has a market cap of $241.34 million, a P/E ratio of -18.56 and a beta of 1.15. Commerce.com has a 1-year low of $2.78 and a 1-year high of $7.50. The firm has a 50-day moving average of $3.95 and a 200-day moving average of $4.46.
Commerce.com (NASDAQ:CMRC - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.08 EPS for the quarter, beating 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 business had revenue of $86.03 million during the quarter. During the same period in the previous year, the company earned $0.06 EPS. The company's revenue for the quarter was up 2.7% on a year-over-year basis.
About Commerce.com
(Get Free Report)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.
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