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

BigCommerce Holdings, Inc. (NASDAQ:BIGC) has earned a consensus rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat.com reports. One research 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 analysts that have updated their coverage on the stock in the last year is $8.81.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board bought a new position in BigCommerce during the second quarter valued at approximately $35,000. Acadian Asset Management LLC purchased a new position in shares of BigCommerce in the first quarter valued at $80,000. AQR Capital Management LLC bought a new stake in BigCommerce in the second quarter worth $121,000. Virtu Financial LLC purchased a new stake in BigCommerce during the first quarter valued at $104,000. Finally, International Assets Investment Management LLC bought a new position in BigCommerce during the third quarter valued at $920,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.

BigCommerce Stock Performance

Shares of BIGC opened at $5.26 on Friday. The business has a 50-day simple moving average of $5.73 and a two-hundred day simple moving average of $6.71. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 13.04. BigCommerce has a 52 week low of $5.22 and a 52 week high of $10.29. The stock has a market cap of $408.98 million, a price-to-earnings ratio of -9.74 and a beta of 0.99.

BigCommerce (NASDAQ:BIGC) last released its earnings results on Thursday, August 1st. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. BigCommerce had a negative net margin of 12.68% and a negative return on equity of 82.39%. The company 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. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, analysts expect that BigCommerce will post -0.3 EPS for the current 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.