Wall Street Zen lowered shares of Commerce.com (NASDAQ:CMRC – Free Report) from a strong-buy rating to a buy rating in a research note published on Saturday morning.
Other equities analysts have also issued research reports about the company. UBS Group restated a “neutral” rating and set a $3.50 price objective on shares of Commerce.com in a research note on Tuesday, July 21st. Zacks Research downgraded Commerce.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Commerce.com in a report on Friday, July 17th. Canaccord Genuity Group restated a “hold” rating and issued a $3.00 price target (down from $6.00) on shares of Commerce.com in a research report on Friday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $7.50 price target on shares of Commerce.com in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $4.20.
View Our Latest Research Report on Commerce.com
Commerce.com Stock Down 4.3%
Hedge Funds Weigh In On Commerce.com
Several large investors have recently modified their holdings of the business. Bank of New York Mellon Corp bought a new position in Commerce.com during the 2nd quarter worth $689,000. Williams & Novak LLC bought a new stake in shares of Commerce.com in the 2nd quarter valued at about $38,000. Segall Bryant & Hamill LLC bought a new stake in shares of Commerce.com in the 1st quarter valued at about $926,000. Royal Bank of Canada increased its stake in shares of Commerce.com by 17.0% in the first quarter. Royal Bank of Canada now owns 111,484 shares of the company’s stock valued at $298,000 after buying an additional 16,213 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Commerce.com by 5.3% in the first quarter. Renaissance Technologies LLC now owns 1,252,100 shares of the company’s stock valued at $3,343,000 after buying an additional 63,400 shares during the period. Institutional investors own 79.21% of the company’s stock.
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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