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

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) have earned a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $7.58.

Several research analysts have issued reports on BIGC shares. Needham & Company LLC restated a “buy” rating and set a $10.00 target price on shares of BigCommerce in a research report on Wednesday, March 12th. Morgan Stanley dropped their target price on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. The Goldman Sachs Group dropped their target price on BigCommerce from $9.50 to $8.50 and set a “neutral” rating for the company in a research report on Friday, May 9th. Finally, Barclays dropped their target price on BigCommerce from $7.00 to $6.00 and set an “underweight” rating for the company in a research report on Monday, April 21st.

BigCommerce Stock Down 3.0%

Shares of NASDAQ:BIGC opened at $5.18 on Friday. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. BigCommerce has a 12 month low of $4.85 and a 12 month high of $8.60. The company has a 50-day moving average price of $5.48 and a 200 day moving average price of $6.16. The company has a market cap of $407.15 million, a price-to-earnings ratio of -14.80 and a beta of 1.18.

BigCommerce (NASDAQ:BIGC) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. The firm had revenue of $82.37 million during the quarter, compared to the consensus estimate of $82.48 million. During the same quarter last year, the firm earned $0.07 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities research analysts predict that BigCommerce will post -0.16 earnings per share for the current year.

Insider Activity

In related news, Director Ellen F. Siminoff purchased 177,158 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was purchased at an average price of $6.64 per share, with a total value of $1,176,329.12. Following the completion of the purchase, the director now owns 253,333 shares of the company’s stock, valued at approximately $1,682,131.12. The trade was a 232.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.99% of the company’s stock.

Institutional Trading of BigCommerce

Several institutional investors and hedge funds have recently modified their holdings of BIGC. GAMMA Investing LLC raised its stake in BigCommerce by 8,196.8% in the first quarter. GAMMA Investing LLC now owns 5,144 shares of the company’s stock worth $30,000 after buying an additional 5,082 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in BigCommerce in the fourth quarter worth approximately $35,000. New York State Common Retirement Fund raised its stake in BigCommerce by 105.3% in the fourth quarter. New York State Common Retirement Fund now owns 8,579 shares of the company’s stock worth $53,000 after buying an additional 4,400 shares in the last quarter. Next Level Private LLC bought a new position in BigCommerce in the first quarter worth approximately $58,000. Finally, Virtu Financial LLC bought a new position in BigCommerce in the third quarter worth approximately $61,000. Institutional investors own 79.21% of the company’s stock.

About BigCommerce

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.