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

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

Several equities research analysts have issued reports on the company. Barclays dropped their price objective on BigCommerce from $7.00 to $6.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. The Goldman Sachs Group reduced their price objective on BigCommerce from $9.50 to $8.50 and set a "neutral" rating for the company in a research report on Friday, May 9th. Morgan Stanley reduced their price objective on BigCommerce from $8.00 to $7.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Needham & Company LLC restated a "buy" rating and set a $10.00 price objective on shares of BigCommerce in a research report on Wednesday, March 12th.

BigCommerce Trading Up 2.1%

NASDAQ BIGC traded up $0.11 during trading hours on Tuesday, hitting $5.23. 284,209 shares of the company's stock were exchanged, compared to its average volume of 867,629. The business's 50 day moving average is $5.20 and its 200-day moving average is $6.07. BigCommerce has a 12-month low of $4.85 and a 12-month high of $8.50. The firm has a market capitalization of $418.51 million, a P/E ratio of -14.94 and a beta of 1.16. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81.

BigCommerce (NASDAQ:BIGC - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. The company had revenue of $82.37 million during the quarter, compared to the consensus estimate of $82.48 million. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 EPS. As a group, analysts anticipate that BigCommerce will post -0.16 EPS for the current fiscal year.

Institutional Trading of BigCommerce

Hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE raised its position in shares of BigCommerce by 12.1% during the first quarter. US Bancorp DE now owns 22,196 shares of the company's stock worth $128,000 after purchasing an additional 2,400 shares during the period. Rhumbline Advisers raised its position in shares of BigCommerce by 3.6% during the first quarter. Rhumbline Advisers now owns 101,451 shares of the company's stock worth $584,000 after purchasing an additional 3,535 shares during the period. MetLife Investment Management LLC raised its position in shares of BigCommerce by 10.0% during the fourth quarter. MetLife Investment Management LLC now owns 42,984 shares of the company's stock worth $263,000 after purchasing an additional 3,893 shares during the period. New York State Common Retirement Fund raised its position in shares of BigCommerce by 105.3% during the fourth quarter. New York State Common Retirement Fund now owns 8,579 shares of the company's stock worth $53,000 after purchasing an additional 4,400 shares during the period. Finally, LPL Financial LLC raised its position in shares of BigCommerce by 12.4% during the fourth quarter. LPL Financial LLC now owns 44,464 shares of the company's stock worth $272,000 after purchasing an additional 4,892 shares during the period. Institutional investors own 79.21% of the company's stock.

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.