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

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Get Free Report) have earned an average rating of "Hold" from the six analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $7.58.

BIGC has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of BigCommerce from $7.00 to $6.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Morgan Stanley dropped their price target on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Needham & Company LLC reaffirmed a "buy" rating and set a $10.00 price objective on shares of BigCommerce in a report on Wednesday, March 12th. Wall Street Zen upgraded BigCommerce from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th. Finally, The Goldman Sachs Group dropped their target price on BigCommerce from $9.50 to $8.50 and set a "neutral" rating for the company in a report on Friday, May 9th.

BigCommerce Stock Performance

BigCommerce stock traded up $0.07 during trading hours on Friday, hitting $4.98. The stock had a trading volume of 1,313,057 shares, compared to its average volume of 883,548. The company has a 50-day moving average of $5.09 and a two-hundred day moving average of $5.81. 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 fifty-two week low of $4.73 and a fifty-two week high of $8.50. The company has a market cap of $398.90 million, a PE ratio of -18.44 and a beta of 1.16.

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

Hedge Funds Weigh In On BigCommerce

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of BigCommerce by 8,196.8% in the first quarter. GAMMA Investing LLC now owns 5,144 shares of the company's stock valued at $30,000 after acquiring an additional 5,082 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in BigCommerce during the 4th quarter worth approximately $35,000. New York State Common Retirement Fund increased its holdings in BigCommerce by 105.3% during the 4th quarter. New York State Common Retirement Fund now owns 8,579 shares of the company's stock valued at $53,000 after purchasing an additional 4,400 shares in the last quarter. Next Level Private LLC bought a new position in BigCommerce in the 1st quarter valued at $58,000. Finally, Headlands Technologies LLC raised its position in BigCommerce by 260.5% in the 4th quarter. Headlands Technologies LLC now owns 9,938 shares of the company's stock valued at $61,000 after purchasing an additional 7,181 shares during the last quarter. 79.21% of the stock is currently owned by institutional investors and hedge funds.

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.