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

BigCommerce (NASDAQ:BIGC - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday.

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

BigCommerce Trading Down 4.2%

Shares of BIGC stock opened at $4.77 on Friday. The stock's fifty day moving average is $5.15 and its two-hundred day moving average is $6.00. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. The firm has a market capitalization of $382.07 million, a P/E ratio of -13.63 and a beta of 1.16. BigCommerce has a fifty-two week low of $4.74 and a fifty-two week high of $8.50.

BigCommerce (NASDAQ:BIGC - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. The business had revenue of $82.37 million for the quarter, compared to analyst estimates of $82.48 million. BigCommerce had a negative return on equity of 52.65% and a negative net margin of 8.12%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 EPS. Research analysts expect that BigCommerce will post -0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BIGC. GAMMA Investing LLC boosted its stake in shares of BigCommerce by 8,196.8% during the 1st quarter. GAMMA Investing LLC now owns 5,144 shares of the company's stock worth $30,000 after acquiring an additional 5,082 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BigCommerce in the 4th quarter worth approximately $35,000. New York State Common Retirement Fund raised its holdings in shares of BigCommerce by 105.3% in the 4th quarter. New York State Common Retirement Fund now owns 8,579 shares of the company's stock worth $53,000 after buying an additional 4,400 shares in the last quarter. Next Level Private LLC bought a new stake in BigCommerce during the 1st quarter worth approximately $58,000. Finally, Headlands Technologies LLC boosted 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 buying an additional 7,181 shares during the last quarter. 79.21% of the stock is 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.

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