Commerce.com (NASDAQ:CMRC) Upgraded to Strong-Buy at Zacks Research

Commerce.com (NASDAQ:CMRC - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Monday,Zacks.com reports.BigCommerce NASDAQ: BIGC Stock Providing Big Opportunities After Earnings PlungeCMRC has been the topic of a number of other reports. Weiss Ratings reissued a "sell (e+)" rating on shares of Commerce.com in a report on Wednesday, October 8th. Wall Street Zen raised Commerce.com from a "hold" rating to a "strong-buy" rating in a research note on Sunday, November 9th. Finally, Barclays decreased their target price on Commerce.com from $6.00 to $5.00 and set an "underweight" rating for the company in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Commerce.com currently has a consensus rating of "Hold" and an average price target of $8.30.View Our Latest Stock Report on Commerce.comCommerce.com Price PerformanceBigCommerce NASDAQ: BIGC Stock Breaking Out: The Next Big Thing in E-commerce?CMRC stock opened at $4.29 on Monday. The company's fifty day simple moving average is $4.50 and its 200 day simple moving average is $4.70. The firm has a market cap of $348.61 million, a price-to-earnings ratio of -26.81 and a beta of 1.09. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 3.67. Commerce.com has a 12-month low of $4.04 and a 12-month high of $7.50. Commerce.com (NASDAQ:CMRC - Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.16. The business had revenue of $86.03 million during the quarter. Commerce.com had a negative return on equity of 6.66% and a negative net margin of 3.93%.The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 earnings per share. Hedge Funds Weigh In On Commerce.comA number of institutional investors and hedge funds have recently made changes to their positions in CMRC. Acadian Asset Management LLC grew its position in shares of Commerce.com by 714.4% during the 1st quarter. Acadian Asset Management LLC now owns 690,548 shares of the company's stock worth $3,976,000 after buying an additional 605,753 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Commerce.com by 2,028.0% during the 1st quarter. AQR Capital Management LLC now owns 278,583 shares of the company's stock valued at $1,605,000 after buying an additional 265,492 shares during the last quarter. Teza Capital Management LLC acquired a new position in Commerce.com in the first quarter valued at approximately $107,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Commerce.com during the second quarter worth $76,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Commerce.com by 15.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,826 shares of the company's stock valued at $483,000 after acquiring an additional 11,509 shares during the period. 79.21% of the stock is owned by hedge funds and other institutional investors. About Commerce.com (Get Free Report)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.See AlsoFive stocks we like better than Commerce.comElon Taking SpaceX Public! $100 Pre-IPO Opportunity!Do not delete, read immediatelyThis stock gets a 94 out of 100Punch these codes into your ordinary brokerage accountYou Still Think Silver’s a Joke? Watch What Happens Next.This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Commerce.com Right Now?Before you consider Commerce.com, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Commerce.com wasn't on the list.While Commerce.com currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here