BigCommerce Holdings, Inc. (NASDAQ:BIGC) Receives Average Recommendation of “Hold” from Analysts

BigCommerce Holdings, Inc. (NASDAQ:BIGC) has been given a consensus rating of “Hold” by the eight research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $8.81.

Several equities research analysts have issued reports on the stock. Bank of America decreased their price target on shares of BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a research note on Thursday, August 29th. Barclays decreased their target price on shares of BigCommerce from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Stifel Nicolaus lowered their target price on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $14.00 price target on shares of BigCommerce in a research note on Thursday, October 3rd.

Institutional Trading of BigCommerce

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in BigCommerce by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 10,278,252 shares of the company’s stock worth $70,817,000 after purchasing an additional 572,396 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of BigCommerce by 8.0% in the second quarter. Clearbridge Investments LLC now owns 1,433,163 shares of the company’s stock worth $11,551,000 after acquiring an additional 106,080 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of BigCommerce by 10.6% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,061,800 shares of the company’s stock valued at $7,316,000 after acquiring an additional 102,100 shares during the period. Clearline Capital LP lifted its holdings in shares of BigCommerce by 27.3% during the 2nd quarter. Clearline Capital LP now owns 949,931 shares of the company’s stock valued at $7,656,000 after acquiring an additional 203,785 shares in the last quarter. Finally, 272 Capital LP boosted its position in BigCommerce by 40.0% during the 2nd quarter. 272 Capital LP now owns 884,750 shares of the company’s stock worth $7,131,000 after purchasing an additional 252,946 shares during the period. 79.21% of the stock is currently owned by institutional investors and hedge funds.

BigCommerce Trading Down 2.0 %

Shares of BigCommerce stock opened at $5.45 on Wednesday. The business has a 50 day moving average price of $5.93 and a 200 day moving average price of $6.85. The company has a market capitalization of $421.15 million, a P/E ratio of -8.52 and a beta of 0.98. The company has a debt-to-equity ratio of 13.04, a current ratio of 4.51 and a quick ratio of 4.51. BigCommerce has a 1 year low of $5.35 and a 1 year high of $10.29.

BigCommerce (NASDAQ:BIGC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $81.83 million for the quarter, compared to the consensus estimate of $81.13 million. BigCommerce had a negative return on equity of 82.39% and a negative net margin of 12.68%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.17) earnings per share. Sell-side analysts anticipate that BigCommerce 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.