BigCommerce (NASDAQ:BIGC) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of BigCommerce (NASDAQ:BIGC - Free Report) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday.

BIGC has been the topic of a number of other research reports. Morgan Stanley decreased their price target on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group decreased their price target on shares of BigCommerce from $9.50 to $8.50 and set a "neutral" rating on the stock in a report on Friday, May 9th. Barclays decreased their price target on shares of BigCommerce from $7.00 to $6.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price target on shares of BigCommerce in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, BigCommerce has a consensus rating of "Hold" and an average target price of $7.58.

BigCommerce Trading Up 1.6%

NASDAQ BIGC traded up $0.08 during mid-day trading on Friday, reaching $5.00. 675,042 shares of the stock were exchanged, compared to its average volume of 877,721. BigCommerce has a 1-year low of $4.74 and a 1-year high of $8.50. The business's fifty day simple moving average is $5.14 and its 200 day simple moving average is $5.96. The stock has a market capitalization of $400.50 million, a PE ratio of -18.52 and a beta of 1.16. The company has a debt-to-equity ratio of 4.14, a quick ratio of 2.34 and a current ratio of 2.34.

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

Institutional Trading of BigCommerce

A number of institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its position 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 purchasing an additional 3,535 shares during the period. Acadian Asset Management LLC lifted its holdings in 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 buying an additional 605,753 shares in the last quarter. S Squared Technology LLC lifted its holdings in BigCommerce by 1,137.3% in the 1st quarter. S Squared Technology LLC now owns 618,662 shares of the company's stock worth $3,563,000 after buying an additional 568,662 shares in the last quarter. Teza Capital Management LLC acquired a new position in BigCommerce in the 1st quarter worth $107,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in BigCommerce by 15.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,826 shares of the company's stock worth $483,000 after buying an additional 11,509 shares in the last quarter. 79.21% of the stock is owned by hedge funds and other institutional investors.

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.