Commerce.com, Inc. (NASDAQ:CMRC – Get Free Report) CFO Daniel Lentz sold 6,840 shares of Commerce.com stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $2.91, for a total value of $19,904.40. Following the completion of the transaction, the chief financial officer owned 480,145 shares of the company’s stock, valued at approximately $1,397,221.95. This trade represents a 1.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
Commerce.com Price Performance
Shares of Commerce.com stock opened at $3.08 on Friday. The stock has a market cap of $254.13 million, a price-to-earnings ratio of -17.11 and a beta of 1.14. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a 50 day moving average price of $2.82 and a 200-day moving average price of $3.43. Commerce.com, Inc. has a one year low of $2.41 and a one year high of $5.55.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $7.50 target price on shares of Commerce.com in a report on Thursday, April 30th. Canaccord Genuity Group decreased their price target on Commerce.com from $11.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Zacks Research raised Commerce.com from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. UBS Group set a $3.00 price target on Commerce.com in a research note on Friday, February 13th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Commerce.com in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.70.
Institutional Investors Weigh In On Commerce.com
A number of institutional investors and hedge funds have recently modified their holdings of CMRC. AQR Capital Management LLC lifted its stake in shares of 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 acquiring an additional 265,492 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 worth $483,000 after acquiring an additional 11,509 shares during the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of Commerce.com during the 4th quarter worth approximately $50,000. CWM LLC bought a new stake in shares of Commerce.com during the 4th quarter worth approximately $159,000. Finally, M&T Bank Corp bought a new stake in Commerce.com during the 4th quarter valued at $5,679,000. 79.21% of the stock is owned by institutional investors.
About Commerce.com
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.
Further Reading
- Five stocks we like better than Commerce.com
- Wall Street Is Starting to Talk About Tesla’s Endgame
- Meta’s Manus Mess: Why China Blocked the Deal and What It Means
- China Deal Ignites Boeing’s Financial Afterburners
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
Receive News & Ratings for Commerce.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commerce.com and related companies with MarketBeat.com's FREE daily email newsletter.
