Two Sigma Investments LP Buys New Position in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Two Sigma Investments LP purchased a new stake in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 166,287 shares of the company's stock, valued at approximately $1,018,000. Two Sigma Investments LP owned 0.21% of BigCommerce as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Virtu Financial LLC increased its position in shares of BigCommerce by 56.9% during the fourth quarter. Virtu Financial LLC now owns 16,333 shares of the company's stock valued at $100,000 after buying an additional 5,926 shares during the period. New York State Common Retirement Fund increased its position 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 buying an additional 4,400 shares during the period. Renaissance Technologies LLC increased its position in shares of BigCommerce by 6.7% during the fourth quarter. Renaissance Technologies LLC now owns 880,005 shares of the company's stock valued at $5,386,000 after buying an additional 55,353 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of BigCommerce by 29.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 77,852 shares of the company's stock worth $477,000 after purchasing an additional 17,785 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of BigCommerce by 3.5% in 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 during the last quarter. 79.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BIGC has been the topic of several research analyst reports. 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 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. The Goldman Sachs Group cut their price objective on BigCommerce from $9.50 to $8.50 and set a "neutral" rating for the company in a report on Friday, May 9th. Finally, Needham & Company LLC reissued a "buy" rating and set a $10.00 price objective on shares of BigCommerce in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $7.58.

BigCommerce Trading Up 2.7%

Shares of NASDAQ:BIGC traded up $0.14 on Friday, reaching $5.26. 1,104,465 shares of the company traded hands, compared to its average volume of 871,566. The stock has a market capitalization of $421.32 million, a P/E ratio of -15.03 and a beta of 1.16. The business's 50-day simple moving average is $5.20 and its 200 day simple moving average is $6.07. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. BigCommerce Holdings, Inc. has a 52 week low of $4.85 and a 52 week high of $8.50.

BigCommerce (NASDAQ:BIGC - Get Free Report) last issued its 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. BigCommerce had a negative return on equity of 52.65% and a negative net margin of 8.12%. The company had revenue of $82.37 million during the quarter, compared to analysts' expectations of $82.48 million. During the same period in the prior year, the business posted $0.07 EPS. BigCommerce's quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts anticipate that BigCommerce Holdings, Inc. will post -0.16 EPS for the current fiscal 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.