Mackenzie Financial Corp Buys Shares of 78,796 BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Mackenzie Financial Corp acquired a new position in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 78,796 shares of the company's stock, valued at approximately $482,000. Mackenzie Financial Corp owned approximately 0.10% of BigCommerce as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Millennium Management LLC grew its position in BigCommerce by 1,073.1% in the fourth quarter. Millennium Management LLC now owns 1,245,111 shares of the company's stock valued at $7,620,000 after purchasing an additional 1,138,977 shares in the last quarter. Divisar Capital Management LLC grew its position in shares of BigCommerce by 48.5% in the 4th quarter. Divisar Capital Management LLC now owns 1,872,031 shares of the company's stock valued at $11,457,000 after acquiring an additional 611,811 shares during the period. Sovereign s Capital Management LLC bought a new position in shares of BigCommerce in the 4th quarter valued at about $2,586,000. Rice Hall James & Associates LLC bought a new position in shares of BigCommerce in the 4th quarter valued at about $2,296,000. Finally, Monimus Capital Management LP bought a new position in shares of BigCommerce in the 4th quarter valued at about $1,938,000. Institutional investors own 79.21% of the company's stock.

BigCommerce Stock Performance

BigCommerce stock traded up $0.14 during midday trading on Friday, hitting $5.26. The company's stock had a trading volume of 1,104,465 shares, compared to its average volume of 873,281. BigCommerce Holdings, Inc. has a 1-year low of $4.85 and a 1-year high of $8.50. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81. The company has a 50-day moving average price of $5.19 and a two-hundred day moving average price of $6.07. The company has a market cap of $421.32 million, a price-to-earnings ratio of -15.03 and a beta of 1.16.

BigCommerce (NASDAQ:BIGC - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. The business had revenue of $82.37 million during the quarter, compared to analysts' expectations of $82.48 million. During the same quarter in the previous year, the company earned $0.07 EPS. The business's revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts predict that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Morgan Stanley decreased their price objective 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 restated a "buy" rating and set a $10.00 target price on shares of BigCommerce in a research note on Wednesday, March 12th. The Goldman Sachs Group cut their target price on shares of BigCommerce from $9.50 to $8.50 and set a "neutral" rating for the company in a research note on Friday, May 9th. Finally, Barclays cut their target price 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. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $7.58.

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.