Two Sigma Advisers LP Purchases Shares of 53,500 BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Two Sigma Advisers LP acquired a new stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 53,500 shares of the company's stock, valued at approximately $327,000. Two Sigma Advisers LP owned about 0.07% of BigCommerce at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Virtu Financial LLC boosted its holdings in shares of BigCommerce by 56.9% in the 4th quarter. Virtu Financial LLC now owns 16,333 shares of the company's stock valued at $100,000 after acquiring an additional 5,926 shares during the last quarter. New York State Common Retirement Fund boosted its holdings 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 buying an additional 4,400 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in BigCommerce by 6.7% during the fourth quarter. Renaissance Technologies LLC now owns 880,005 shares of the company's stock worth $5,386,000 after buying an additional 55,353 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in BigCommerce by 29.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 77,852 shares of the company's stock worth $477,000 after buying an additional 17,785 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings 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 buying an additional 42,920 shares in the last quarter. 79.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

BigCommerce Price Performance

Shares of NASDAQ BIGC traded up $0.14 during mid-day trading on Friday, reaching $5.26. The company's stock had a trading volume of 1,104,465 shares, compared to its average volume of 871,566. The stock has a 50-day moving average of $5.20 and a two-hundred day moving average of $6.07. The stock has a market capitalization of $421.32 million, a P/E ratio of -15.03 and a beta of 1.16. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. BigCommerce Holdings, Inc. has a 1-year low of $4.85 and a 1-year high of $8.50.

BigCommerce (NASDAQ:BIGC - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. The business had revenue of $82.37 million during the quarter, compared to analysts' expectations of $82.48 million. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 earnings per share. On average, equities research analysts anticipate that BigCommerce Holdings, Inc. will post -0.16 EPS for the current fiscal year.

BigCommerce 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.