BigCommerce Holdings, Inc. (NASDAQ:BIGC) Given Consensus Recommendation of "Hold" by Analysts

BigCommerce Holdings, Inc. (NASDAQ:BIGC - Get Free Report) has been given an average rating of "Hold" by the six ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $7.58.

Several equities research analysts recently weighed in on BIGC shares. The Goldman Sachs Group cut their price objective on BigCommerce from $9.50 to $8.50 and set a "neutral" rating on the stock in a report on Friday, May 9th. Wall Street Zen downgraded shares of BigCommerce from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. Barclays dropped their price target on shares of BigCommerce from $7.00 to $6.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Finally, Morgan Stanley reduced their price objective on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BIGC. CWM LLC lifted its holdings in shares of BigCommerce by 63.4% in the second quarter. CWM LLC now owns 20,399 shares of the company's stock valued at $102,000 after purchasing an additional 7,917 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in BigCommerce during the 2nd quarter valued at $76,000. Rhumbline Advisers boosted its holdings in BigCommerce by 3.6% during the 1st quarter. Rhumbline Advisers now owns 101,451 shares of the company's stock worth $584,000 after acquiring an additional 3,535 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of BigCommerce by 714.4% in the 1st quarter. Acadian Asset Management LLC now owns 690,548 shares of the company's stock worth $3,976,000 after acquiring an additional 605,753 shares in the last quarter. Finally, S Squared Technology LLC raised its holdings in shares of BigCommerce by 1,137.3% in the first quarter. S Squared Technology LLC now owns 618,662 shares of the company's stock valued at $3,563,000 after purchasing an additional 568,662 shares during the last quarter. 79.21% of the stock is currently owned by institutional investors and hedge funds.

BigCommerce Price Performance

Shares of BIGC traded up $0.13 during midday trading on Wednesday, hitting $5.17. The company's stock had a trading volume of 896,922 shares, compared to its average volume of 652,968. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 4.14. BigCommerce has a one year low of $4.73 and a one year high of $8.50. The stock has a market capitalization of $414.12 million, a price-to-earnings ratio of -19.15 and a beta of 1.15. The company's fifty day simple moving average is $5.03 and its two-hundred day simple moving average is $5.62.

BigCommerce (NASDAQ:BIGC - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. The firm had revenue of $82.37 million for the quarter, compared to analysts' expectations of $82.48 million. BigCommerce had a negative return on equity of 33.21% and a negative net margin of 6.27%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 earnings per share. As a group, equities analysts expect that BigCommerce will post -0.16 earnings per share for the current fiscal year.

BigCommerce Company Profile

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.