BigCommerce Holdings, Inc. (NASDAQ:BIGC) Given Average Rating of “Hold” by Brokerages

BigCommerce Holdings, Inc. (NASDAQ:BIGC) has received a consensus rating of “Hold” from the eleven research firms that are covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $11.82.

A number of analysts have weighed in on the company. Morgan Stanley reiterated an “equal weight” rating and issued a $10.00 target price on shares of BigCommerce in a research note on Friday, August 4th. UBS Group began coverage on BigCommerce in a research note on Friday, September 22nd. They set a “neutral” rating and a $12.00 price target on the stock. Truist Financial cut their price target on BigCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, November 9th. Piper Sandler restated a “neutral” rating and set a $11.00 price target on shares of BigCommerce in a research note on Thursday. Finally, The Goldman Sachs Group cut their price target on BigCommerce from $13.00 to $11.50 and set a “buy” rating on the stock in a research note on Friday, November 10th.

Institutional Trading of BigCommerce

A number of hedge funds have recently added to or reduced their stakes in the stock. Cadian Capital Management LP lifted its holdings in shares of BigCommerce by 31.0% in the 3rd quarter. Cadian Capital Management LP now owns 6,648,530 shares of the company’s stock valued at $65,621,000 after buying an additional 1,571,938 shares during the period. Vanguard Group Inc. increased its stake in BigCommerce by 5.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,639,553 shares of the company’s stock valued at $83,465,000 after purchasing an additional 275,829 shares in the last quarter. Alliancebernstein L.P. increased its stake in BigCommerce by 84.8% in the 3rd quarter. Alliancebernstein L.P. now owns 5,015,401 shares of the company’s stock valued at $74,228,000 after purchasing an additional 2,301,491 shares in the last quarter. Morgan Stanley increased its stake in BigCommerce by 22.5% in the 3rd quarter. Morgan Stanley now owns 4,266,223 shares of the company’s stock valued at $42,108,000 after purchasing an additional 782,862 shares in the last quarter. Finally, Wasatch Advisors LP increased its stake in BigCommerce by 85.8% in the 2nd quarter. Wasatch Advisors LP now owns 4,230,572 shares of the company’s stock valued at $42,094,000 after purchasing an additional 1,953,052 shares in the last quarter. 72.92% of the stock is owned by institutional investors and hedge funds.

BigCommerce Trading Up 2.7 %

BIGC stock opened at $9.25 on Friday. BigCommerce has a 1-year low of $6.81 and a 1-year high of $13.39. The company has a debt-to-equity ratio of 17.08, a current ratio of 5.09 and a quick ratio of 5.09. The company has a market capitalization of $703.83 million, a price-to-earnings ratio of -7.28 and a beta of 0.82. The business has a 50 day simple moving average of $9.58 and a two-hundred day simple moving average of $9.55.

BigCommerce (NASDAQ:BIGC) last posted its earnings results on Wednesday, November 8th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. The firm had revenue of $78.05 million during the quarter, compared to the consensus estimate of $78.12 million. BigCommerce had a negative return on equity of 187.16% and a negative net margin of 31.74%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.30) EPS. Research analysts anticipate that BigCommerce will post -0.67 EPS for the current fiscal year.

About BigCommerce

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.