BigCommerce Holdings, Inc. (NASDAQ:BIGC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

BigCommerce Holdings, Inc. (NASDAQ:BIGCGet Rating) has been given an average rating of “Moderate Buy” by the nineteen brokerages that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $32.81.

BIGC has been the subject of a number of research reports. Morgan Stanley decreased their target price on shares of BigCommerce from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Thursday, July 14th. Stifel Nicolaus dropped their price target on shares of BigCommerce from $35.00 to $23.00 in a research note on Tuesday, July 26th. KeyCorp decreased their price objective on shares of BigCommerce from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. Canaccord Genuity Group reduced their price objective on shares of BigCommerce from $32.00 to $29.00 in a report on Tuesday, May 3rd. Finally, Jefferies Financial Group dropped their target price on shares of BigCommerce from $25.00 to $21.00 in a research report on Monday, May 23rd.

Insider Activity

In other news, CTO Brian Singh Dhatt sold 5,608 shares of the firm’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $19.11, for a total value of $107,168.88. Following the transaction, the chief technology officer now owns 180,559 shares in the company, valued at $3,450,482.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CTO Brian Singh Dhatt sold 5,608 shares of the business’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $19.11, for a total transaction of $107,168.88. Following the completion of the transaction, the chief technology officer now directly owns 180,559 shares in the company, valued at $3,450,482.49. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert Kaloustian sold 2,066 shares of the business’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $18.91, for a total value of $39,068.06. Following the completion of the sale, the insider now directly owns 50,673 shares of the company’s stock, valued at approximately $958,226.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,703 shares of company stock valued at $1,090,233. Company insiders own 31.70% of the company’s stock.

Hedge Funds Weigh In On BigCommerce

A number of institutional investors have recently bought and sold shares of BIGC. Northwestern Mutual Wealth Management Co. raised its stake in shares of BigCommerce by 59.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 955 shares of the company’s stock valued at $34,000 after acquiring an additional 355 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of BigCommerce by 0.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,924 shares of the company’s stock worth $1,589,000 after acquiring an additional 395 shares during the period. Rhumbline Advisers raised its position in shares of BigCommerce by 1.0% during the 4th quarter. Rhumbline Advisers now owns 48,125 shares of the company’s stock worth $1,702,000 after purchasing an additional 462 shares during the last quarter. Essex Investment Management Co. LLC grew its stake in BigCommerce by 14.9% during the 1st quarter. Essex Investment Management Co. LLC now owns 5,778 shares of the company’s stock valued at $127,000 after acquiring an additional 749 shares in the last quarter. Finally, Pinebridge Investments L.P. purchased a new stake in shares of BigCommerce in the 4th quarter valued at approximately $28,000. 77.98% of the stock is owned by institutional investors.

BigCommerce Stock Up 0.9 %

Shares of NASDAQ:BIGC opened at $15.65 on Monday. The company has a current ratio of 6.69, a quick ratio of 6.69 and a debt-to-equity ratio of 3.06. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -10.72 and a beta of 0.83. BigCommerce has a 12 month low of $12.71 and a 12 month high of $71.63. The company has a 50-day moving average price of $17.35 and a 200 day moving average price of $21.05.

BigCommerce (NASDAQ:BIGCGet Rating) last issued its quarterly earnings data on Monday, May 2nd. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.05). BigCommerce had a negative net margin of 43.96% and a negative return on equity of 41.10%. The business had revenue of $66.05 million for the quarter, compared to analysts’ expectations of $63.77 million. During the same period in the previous year, the business earned ($0.12) earnings per share. As a group, equities research analysts predict that BigCommerce will post -1.19 earnings per share for the current year.

BigCommerce Company Profile

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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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