BigCommerce (NASDAQ:BIGC) Shares Gap Up – What’s Next?

BigCommerce Holdings, Inc. (NASDAQ:BIGC) gapped up before the market opened on Thursday . The stock had previously closed at $6.69, but opened at $7.08. BigCommerce shares last traded at $6.81, with a volume of 489,774 shares.

Analyst Ratings Changes

A number of analysts recently issued reports on BIGC shares. Needham & Company LLC reissued a “buy” rating and set a $10.00 price objective on shares of BigCommerce in a research report on Friday. Barclays downgraded shares of BigCommerce from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $8.00 to $7.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $8.14.

BigCommerce Trading Down 0.2 %

The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81. The firm has a market cap of $488.31 million, a PE ratio of -17.80 and a beta of 1.18. The company’s 50 day moving average price is $6.40 and its 200 day moving average price is $6.18.

BigCommerce (NASDAQ:BIGC) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. The business had revenue of $87.03 million during the quarter, compared to analysts’ expectations of $86.90 million. As a group, analysts forecast that BigCommerce Holdings, Inc. will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On BigCommerce

Large investors have recently bought and sold shares of the stock. Franklin Resources Inc. grew its position in shares of BigCommerce by 1.8% during the third quarter. Franklin Resources Inc. now owns 1,932,149 shares of the company’s stock worth $10,859,000 after buying an additional 35,016 shares in the last quarter. Divisar Capital Management LLC lifted its stake in BigCommerce by 48.5% in the fourth quarter. Divisar Capital Management LLC now owns 1,872,031 shares of the company’s stock worth $11,457,000 after acquiring an additional 611,811 shares during the last quarter. Clearline Capital LP grew its holdings in BigCommerce by 69.7% during the 3rd quarter. Clearline Capital LP now owns 1,611,619 shares of the company’s stock worth $9,428,000 after acquiring an additional 661,688 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of BigCommerce by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,600,219 shares of the company’s stock valued at $9,363,000 after purchasing an additional 21,105 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of BigCommerce by 1.1% in the 3rd quarter. State Street Corp now owns 1,522,002 shares of the company’s stock valued at $8,904,000 after purchasing an additional 16,561 shares in the last quarter. Hedge funds and other 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.