Wall Street Zen upgraded shares of Commerce.com (NASDAQ:CMRC – Free Report) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.
CMRC has been the topic of a number of other research reports. UBS Group started coverage on Commerce.com in a research note on Tuesday, July 21st. They issued a “neutral” rating and a $3.50 price target on the stock. The Goldman Sachs Group set a $5.00 price objective on shares of Commerce.com in a research note on Monday, August 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of Commerce.com in a research report on Thursday, October 15th. Zacks Research upgraded shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Finally, Barclays reduced their price target on shares of Commerce.com from $3.00 to $2.00 and set an “underweight” rating for the company in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Commerce.com presently has a consensus rating of “Hold” and an average price target of $4.17.
View Our Latest Research Report on Commerce.com
Commerce.com Trading Down 4.4%
Commerce.com stock opened at $3.29 on Friday. The firm has a market cap of $272.61 million, a price-to-earnings ratio of -46.99 and a beta of 1.05. Commerce.com has a 1 year low of $1.95 and a 1 year high of $5.55. The firm’s 50 day moving average price is $3.13 and its two-hundred day moving average price is $2.95. The company has a debt-to-equity ratio of 2.95, a quick ratio of 2.03 and a current ratio of 2.03.
Hedge Funds Weigh In On Commerce.com
Several institutional investors and hedge funds have recently modified their holdings of the stock. Williams & Novak LLC purchased a new position in Commerce.com in the second quarter valued at about $38,000. Royal Bank of Canada grew its stake in shares of Commerce.com by 17.0% in the 1st 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 in the last quarter. Corient Private Wealth LP grew its stake in shares of Commerce.com by 21.6% in the 2nd quarter. Corient Private Wealth LP now owns 94,603 shares of the company’s stock valued at $280,000 after buying an additional 16,794 shares in the last quarter. R Squared Ltd bought a new stake in shares of Commerce.com in the 1st quarter valued at approximately $45,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Commerce.com in the third quarter worth approximately $57,000. 79.21% of the stock is currently owned by hedge funds and other institutional investors.
About Commerce.com
Commerce.com, Inc is a commerce technology company that provides software designed to help businesses build, operate and manage digital commerce experiences. Its platform is intended to support online selling across customer-facing storefronts and other sales channels, while enabling companies to manage core commerce operations from a unified technology environment.
The company’s offerings are focused on composable and flexible commerce capabilities, including tools for product catalog management, merchandising, shopping experiences, checkout and order management.
Further Reading
- Five stocks we like better than Commerce.com
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
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.
