Two Sigma Advisers LP Invests $327,000 in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Two Sigma Advisers LP acquired a new stake in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 53,500 shares of the company's stock, valued at approximately $327,000. Two Sigma Advisers LP owned approximately 0.07% of BigCommerce as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Millennium Management LLC lifted its position in BigCommerce by 1,073.1% in the 4th quarter. Millennium Management LLC now owns 1,245,111 shares of the company's stock valued at $7,620,000 after acquiring an additional 1,138,977 shares in the last quarter. Divisar Capital Management LLC raised its stake in shares of BigCommerce by 48.5% in the fourth quarter. Divisar Capital Management LLC now owns 1,872,031 shares of the company's stock worth $11,457,000 after purchasing an additional 611,811 shares during the last quarter. Rice Hall James & Associates LLC bought a new position in shares of BigCommerce during the fourth quarter valued at $2,296,000. Monimus Capital Management LP bought a new position in shares of BigCommerce during the fourth quarter valued at $1,938,000. Finally, G2 Investment Partners Management LLC purchased a new stake in shares of BigCommerce during the fourth quarter valued at $1,905,000. 79.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on BIGC. Barclays decreased their target price on BigCommerce from $7.00 to $6.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Morgan Stanley lowered their price objective on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Needham & Company LLC reaffirmed a "buy" rating and issued a $10.00 target price on shares of BigCommerce in a research report on Wednesday, March 12th. Finally, The Goldman Sachs Group decreased 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. Two investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $7.58.

BigCommerce Stock Performance

NASDAQ BIGC traded up $0.10 on Monday, hitting $5.36. 631,270 shares of the company traded hands, compared to its average volume of 872,313. The business's 50 day moving average price is $5.19 and its 200-day moving average price is $6.06. BigCommerce Holdings, Inc. has a 52-week low of $4.85 and a 52-week high of $8.50. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. The company has a market capitalization of $429.33 million, a price-to-earnings ratio of -15.31 and a beta of 1.16.

BigCommerce (NASDAQ:BIGC - Get Free Report) last posted 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. The firm had revenue of $82.37 million for the quarter, compared to analysts' expectations of $82.48 million. BigCommerce had a negative return on equity of 52.65% and a negative net margin of 8.12%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS. Equities analysts expect that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current year.

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.