Rice Hall James & Associates LLC acquired a new position in Commerce.com, Inc. (NASDAQ:CMRC – Free Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 221,367 shares of the company’s stock, valued at approximately $912,000.
Several other hedge funds also recently made changes to their positions in CMRC. Quarry LP acquired a new position in shares of Commerce.com in the 4th quarter worth approximately $27,000. New York State Common Retirement Fund acquired a new position in shares of Commerce.com in the 4th quarter worth approximately $35,000. T3 Companies LLC acquired a new position in shares of Commerce.com in the 4th quarter worth approximately $41,000. Cerity Partners LLC acquired a new position in shares of Commerce.com in the 4th quarter worth approximately $49,000. Finally, ProShare Advisors LLC acquired a new position in shares of Commerce.com in the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 79.21% of the company’s stock.
Analyst Ratings Changes
CMRC has been the topic of several analyst reports. Zacks Research raised shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Barclays lifted their target price on shares of Commerce.com from $2.00 to $3.00 and gave the stock an “underweight” rating in a research report on Monday, May 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Commerce.com in a research report on Monday, April 20th. Wall Street Zen raised shares of Commerce.com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $7.50 target price on shares of Commerce.com in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Commerce.com currently has a consensus rating of “Hold” and a consensus target price of $4.70.
Commerce.com Stock Performance
Commerce.com stock opened at $2.81 on Wednesday. The firm’s 50 day simple moving average is $2.88 and its 200-day simple moving average is $3.25. The company has a market cap of $231.85 million, a P/E ratio of -15.61 and a beta of 1.17. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.98 and a quick ratio of 1.98. Commerce.com, Inc. has a fifty-two week low of $2.41 and a fifty-two week high of $5.55.
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.
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