14,998 Shares in BigCommerce Holdings, Inc. (NASDAQ:BIGC) Bought by AQR Capital Management LLC

AQR Capital Management LLC purchased a new position in BigCommerce Holdings, Inc. (NASDAQ:BIGC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,998 shares of the company’s stock, valued at approximately $121,000.

A number of other hedge funds also recently modified their holdings of the stock. 272 Capital LP grew its position in BigCommerce by 40.0% in the second quarter. 272 Capital LP now owns 884,750 shares of the company’s stock valued at $7,131,000 after acquiring an additional 252,946 shares during the last quarter. Marshall Wace LLP bought a new position in BigCommerce in the second quarter valued at about $773,000. Canada Pension Plan Investment Board bought a new position in BigCommerce in the second quarter valued at about $35,000. Rhumbline Advisers grew its position in BigCommerce by 8.4% in the second quarter. Rhumbline Advisers now owns 101,556 shares of the company’s stock valued at $819,000 after acquiring an additional 7,849 shares during the last quarter. Finally, Catalytic Wealth RIA LLC bought a new position in BigCommerce in the second quarter valued at about $188,000. Institutional investors own 79.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on BIGC shares. Stifel Nicolaus reduced their price target on BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Needham & Company LLC restated a “buy” rating and set a $14.00 price target on shares of BigCommerce in a report on Thursday, October 3rd. Barclays reduced their price target on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. Finally, Bank of America reduced their price target on BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, BigCommerce currently has a consensus rating of “Hold” and a consensus price target of $8.81.

BigCommerce Trading Up 1.4 %

NASDAQ BIGC opened at $5.82 on Friday. The firm has a market capitalization of $449.74 million, a P/E ratio of -9.09 and a beta of 0.98. The business has a fifty day simple moving average of $5.81 and a 200 day simple moving average of $6.77. BigCommerce Holdings, Inc. has a 12 month low of $5.35 and a 12 month high of $10.29. The company has a current ratio of 4.51, a quick ratio of 4.51 and a debt-to-equity ratio of 13.04.

BigCommerce (NASDAQ:BIGC) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. BigCommerce had a negative return on equity of 82.39% and a negative net margin of 12.68%. The business had revenue of $81.83 million during the quarter, compared to analyst estimates of $81.13 million. During the same period in the prior year, the firm posted ($0.17) EPS. BigCommerce’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, analysts predict that BigCommerce Holdings, Inc. will post -0.3 EPS for the current fiscal year.

BigCommerce Company Profile

BigCommerce Holdings, Inc operates a software-as-a-service platform for enterprises, small businesses, and mid-markets in the United States, North and South America, Europe, the Middle East, Africa, and the AsiaPacific. The company provides a platform for launching and scaling an ecommerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integration into third-party services.