William Blair Weighs in on BigCommerce Holdings, Inc.’s Q2 2022 Earnings (NASDAQ:BIGC)

BigCommerce Holdings, Inc. (NASDAQ:BIGCGet Rating) – Equities researchers at William Blair decreased their Q2 2022 earnings per share (EPS) estimates for BigCommerce in a research note issued to investors on Tuesday, May 3rd. William Blair analyst M. Pfau now anticipates that the company will post earnings of ($0.36) per share for the quarter, down from their previous forecast of ($0.29). William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for BigCommerce’s Q3 2022 earnings at ($0.32) EPS, Q4 2022 earnings at ($0.29) EPS, FY2022 earnings at ($1.27) EPS and FY2023 earnings at ($1.16) EPS.

A number of other research analysts have also issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of BigCommerce from $58.00 to $33.00 and set a “neutral” rating for the company in a research note on Tuesday, March 1st. Piper Sandler reduced their target price on shares of BigCommerce from $40.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, April 25th. Canaccord Genuity Group reduced their target price on shares of BigCommerce from $70.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, March 1st. Stifel Nicolaus reduced their target price on shares of BigCommerce from $50.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, March 21st. Finally, Needham & Company LLC reduced their target price on shares of BigCommerce from $85.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, March 1st. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $36.12.

BigCommerce stock opened at $18.91 on Friday. The company has a debt-to-equity ratio of 2.43, a current ratio of 7.24 and a quick ratio of 7.24. The firm has a 50-day moving average price of $20.56 and a two-hundred day moving average price of $32.45. BigCommerce has a 52-week low of $16.80 and a 52-week high of $72.20.

BigCommerce (NASDAQ:BIGCGet Rating) last announced its quarterly earnings data on Monday, May 2nd. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.08. BigCommerce had a negative net margin of 43.96% and a negative return on equity of 37.46%. During the same quarter in the prior year, the firm posted ($0.12) earnings per share.

In related news, CFO Robert Alvarez sold 50,000 shares of the stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $22.09, for a total transaction of $1,104,500.00. Following the completion of the sale, the chief financial officer now directly owns 183,497 shares of the company’s stock, valued at $4,053,448.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey Gordon Richards sold 32,000 shares of the stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $18.53, for a total transaction of $592,960.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 214,149 shares of company stock valued at $4,417,437. Company insiders own 31.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership raised its holdings in shares of BigCommerce by 18.7% during the third quarter. Artisan Partners Limited Partnership now owns 4,555,935 shares of the company’s stock valued at $230,713,000 after acquiring an additional 718,440 shares during the period. BlackRock Inc. raised its holdings in shares of BigCommerce by 6.8% during the fourth quarter. BlackRock Inc. now owns 3,597,696 shares of the company’s stock valued at $127,250,000 after acquiring an additional 227,703 shares during the period. Franklin Resources Inc. raised its holdings in shares of BigCommerce by 28.8% during the third quarter. Franklin Resources Inc. now owns 2,818,344 shares of the company’s stock valued at $142,721,000 after acquiring an additional 630,240 shares during the period. Darsana Capital Partners LP acquired a new stake in shares of BigCommerce during the third quarter valued at approximately $113,940,000. Finally, Invesco Ltd. raised its holdings in shares of BigCommerce by 72.0% during the third quarter. Invesco Ltd. now owns 1,049,027 shares of the company’s stock valued at $53,124,000 after acquiring an additional 439,216 shares during the period. Institutional investors and hedge funds own 77.98% of the company’s stock.

BigCommerce Company Profile (Get Rating)

BigCommerce Holdings, Inc operates a software-as-a-service platform for small businesses, mid-markets, and large enterprises in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and internationally. The company's platform provides various services for launching and scaling e-commerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integrations.

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