P.A.W. Capital Corp Takes Position in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

P.A.W. Capital Corp bought a new position in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 140,000 shares of the company's stock, valued at approximately $806,000. BigCommerce comprises 2.0% of P.A.W. Capital Corp's investment portfolio, making the stock its 14th largest position. P.A.W. Capital Corp owned about 0.18% of BigCommerce as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in BigCommerce by 8,196.8% during the 1st quarter. GAMMA Investing LLC now owns 5,144 shares of the company's stock valued at $30,000 after buying an additional 5,082 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of BigCommerce in the fourth quarter valued at about $35,000. New York State Common Retirement Fund raised its stake 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 valued at $53,000 after acquiring an additional 4,400 shares during the last quarter. Headlands Technologies LLC boosted its holdings in shares of BigCommerce by 260.5% during the fourth quarter. Headlands Technologies LLC now owns 9,938 shares of the company's stock worth $61,000 after purchasing an additional 7,181 shares during the period. Finally, Next Level Private LLC bought a new stake in shares of BigCommerce in the first quarter worth about $58,000. Institutional investors own 79.21% of the company's stock.

BigCommerce Stock Up 0.7%

BigCommerce stock traded up $0.04 during trading hours on Friday, hitting $5.09. 422,644 shares of the stock traded hands, compared to its average volume of 886,792. BigCommerce Holdings, Inc. has a one year low of $4.73 and a one year high of $8.50. The firm's 50-day moving average price is $5.08 and its two-hundred day moving average price is $5.75. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 4.14. The company has a market cap of $407.31 million, a PE ratio of -18.83 and a beta of 1.15.

BigCommerce (NASDAQ:BIGC - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The company 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 33.21% and a negative net margin of 6.27%. The firm's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. On average, research analysts forecast that BigCommerce Holdings, Inc. will post -0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. The Goldman Sachs Group cut their target price on BigCommerce from $9.50 to $8.50 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Barclays cut their price objective on BigCommerce from $7.00 to $6.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Morgan Stanley reduced their target price 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. Wall Street Zen lowered BigCommerce from a "strong-buy" rating to a "buy" rating in a research note on Saturday. 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 investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, BigCommerce currently has an average rating of "Hold" and an average target price of $7.58.

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.