Zacks Research upgraded shares of Commerce.com (NASDAQ:CMRC – Free Report) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks reports.
A number of other equities research analysts have also weighed in on CMRC. UBS Group restated a “neutral” rating and issued a $3.50 target price on shares of Commerce.com in a report on Tuesday, July 21st. The Goldman Sachs Group set a $5.00 price objective on Commerce.com in a report on Monday, August 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of Commerce.com in a research note on Friday, July 17th. Wall Street Zen lowered Commerce.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $3.00 target price (down from $6.00) on shares of Commerce.com in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.17.
Read Our Latest Report on CMRC
Commerce.com Stock Performance
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of CMRC. Pale Fire Capital SE increased its position in shares of Commerce.com by 3.5% during the 2nd quarter. Pale Fire Capital SE now owns 3,054,890 shares of the company’s stock valued at $9,042,000 after purchasing an additional 102,796 shares during the last quarter. Renaissance Technologies LLC grew its position in Commerce.com by 5.3% during 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. S Squared Technology LLC purchased a new stake in Commerce.com during the fourth quarter worth about $4,976,000. Principal Financial Group Inc. increased its holdings in Commerce.com by 54.0% during the first quarter. Principal Financial Group Inc. now owns 368,719 shares of the company’s stock worth $984,000 after buying an additional 129,223 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in Commerce.com in the first quarter worth about $926,000. Institutional investors own 79.21% of the company’s stock.
About Commerce.com
Commerce.com, Inc is a commerce technology company that provides software designed to help businesses build, operate and expand digital commerce experiences. Its platform is intended to support online selling across branded websites and other digital channels.
The company’s offerings include tools for creating and managing digital storefronts, product catalogs, shopping carts, checkout processes and customer interactions. Commerce.com also provides capabilities that help businesses manage orders and commerce operations, with an emphasis on supporting flexible and integrated digital experiences.
Commerce.com serves businesses seeking technology for direct-to-consumer, business-to-business and other online commerce models.
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