Commerce.com, Inc. (NASDAQ:CMRC) Receives $4.17 Consensus Price Target from Brokerages

Shares of Commerce.com, Inc. (NASDAQ:CMRCGet Free Report) have received an average rating of “Reduce” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $4.1667.

CMRC has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Commerce.com from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Commerce.com in a report on Friday, July 17th. Barclays cut their price target on shares of Commerce.com from $3.00 to $2.00 and set an “underweight” rating on the stock in a report on Tuesday, August 11th. Canaccord Genuity Group reissued a “hold” rating and issued a $3.00 price objective (down from $6.00) on shares of Commerce.com in a research report on Friday, August 7th. Finally, Zacks Research lowered Commerce.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th.

View Our Latest Research Report on CMRC

Hedge Funds Weigh In On Commerce.com

Large investors have recently bought and sold shares of the business. NewEdge Advisors LLC purchased a new stake in Commerce.com in the second quarter worth $101,000. Corient Private Wealth LP boosted its stake in shares of Commerce.com by 21.6% during the second quarter. Corient Private Wealth LP now owns 94,603 shares of the company’s stock valued at $280,000 after purchasing an additional 16,794 shares during the period. Pale Fire Capital SE grew its holdings in shares of Commerce.com by 3.5% in the second quarter. Pale Fire Capital SE now owns 3,054,890 shares of the company’s stock worth $9,042,000 after purchasing an additional 102,796 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Commerce.com in the second quarter worth about $689,000. Finally, Williams & Novak LLC purchased a new position in Commerce.com in the 2nd quarter worth about $38,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.

Commerce.com Stock Performance

NASDAQ CMRC opened at $3.24 on Monday. The business’s 50 day moving average price is $2.75 and its 200-day moving average price is $2.82. Commerce.com has a fifty-two week low of $1.95 and a fifty-two week high of $5.55. The company has a market cap of $268.47 million, a P/E ratio of -46.28 and a beta of 1.12. The company has a debt-to-equity ratio of 2.95, a quick ratio of 2.03 and a current ratio of 2.03.

Commerce.com Company Profile

(Get Free Report)

Commerce.com is a technology company focused on helping businesses operate and grow their digital commerce activities. Its platform is designed to support online selling and related commerce operations for merchants and brands.

The company’s solutions generally encompass core e-commerce functions such as digital storefronts, product and catalog management, customer experiences, order processing, and integrations with other business and commerce systems. These capabilities are intended to help businesses manage commerce across digital channels and connect online operations with broader business processes.

Commerce.com serves businesses seeking technology for direct-to-consumer and other digital commerce models.

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Analyst Recommendations for Commerce.com (NASDAQ:CMRC)

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