P.A.W. Capital Corp Takes $806,000 Position in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

P.A.W. Capital Corp purchased a new stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 140,000 shares of the company's stock, valued at approximately $806,000. BigCommerce makes up 2.0% of P.A.W. Capital Corp's holdings, making the stock its 14th biggest holding. P.A.W. Capital Corp owned 0.18% of BigCommerce as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in BigCommerce during the fourth quarter worth $66,000. New York State Common Retirement Fund boosted its position in 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 in the last quarter. Bank of New York Mellon Corp boosted its position in BigCommerce by 3.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,263,093 shares of the company's stock worth $7,730,000 after purchasing an additional 42,920 shares in the last quarter. US Bancorp DE boosted its position in BigCommerce by 15,736.8% during the fourth quarter. US Bancorp DE now owns 19,796 shares of the company's stock worth $121,000 after purchasing an additional 19,671 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in BigCommerce by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 561,022 shares of the company's stock worth $3,433,000 after purchasing an additional 9,419 shares in the last quarter. 79.21% of the stock is currently owned by hedge funds and other institutional investors.

BigCommerce Trading Up 0.7%

Shares of BigCommerce stock traded up $0.04 during trading hours on Friday, reaching $5.09. The stock had a trading volume of 422,644 shares, compared to its average volume of 884,480. The firm has a market capitalization of $407.31 million, a price-to-earnings ratio of -18.83 and a beta of 1.15. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 4.14. BigCommerce Holdings, Inc. has a 1 year low of $4.73 and a 1 year high of $8.50. The firm has a 50 day simple moving average of $5.08 and a two-hundred day simple moving average of $5.77.

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, beating analysts' consensus estimates of $0.06 by $0.01. BigCommerce had a negative return on equity of 33.21% and a negative net margin of 6.27%. The firm had revenue of $82.37 million during the quarter, compared to analyst estimates of $82.48 million. During the same quarter last year, the firm earned $0.07 EPS. BigCommerce's quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts anticipate that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on BIGC. Wall Street Zen upgraded BigCommerce from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 14th. The Goldman Sachs Group reduced their price objective on BigCommerce from $9.50 to $8.50 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Barclays reduced 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. Needham & Company LLC restated a "buy" rating and issued a $10.00 price objective on shares of BigCommerce in a research report on Wednesday, March 12th. Finally, Morgan Stanley reduced their price objective on BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price 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.