Two Sigma Investments LP Acquires Shares of 166,287 BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Two Sigma Investments LP acquired a new position in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC raised its stake in shares of BigCommerce by 56.9% during the fourth quarter. Virtu Financial LLC now owns 16,333 shares of the company's stock worth $100,000 after buying an additional 5,926 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of BigCommerce by 105.3% in the 4th quarter. New York State Common Retirement Fund now owns 8,579 shares of the company's stock valued at $53,000 after purchasing an additional 4,400 shares during the period. Renaissance Technologies LLC boosted its position in shares of BigCommerce by 6.7% in the 4th quarter. Renaissance Technologies LLC now owns 880,005 shares of the company's stock worth $5,386,000 after purchasing an additional 55,353 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of 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 purchasing an additional 17,785 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of BigCommerce by 3.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,263,093 shares of the company's stock valued at $7,730,000 after acquiring an additional 42,920 shares during the period. 79.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BIGC has been the subject of a number of research reports. The Goldman Sachs Group lowered their target price on BigCommerce from $9.50 to $8.50 and set a "neutral" rating for the company in a research note on Friday, May 9th. Morgan Stanley dropped their price objective 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. Barclays reduced their target price on shares of BigCommerce from $7.00 to $6.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Finally, Needham & Company LLC reissued a "buy" rating and issued a $10.00 price target on shares of BigCommerce in a research note on Wednesday, March 12th. Two equities 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 company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $7.58.

BigCommerce Stock Performance

NASDAQ:BIGC traded up $0.10 during mid-day trading on Monday, hitting $5.36. The stock had a trading volume of 631,270 shares, compared to its average volume of 872,313. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. The company's 50 day simple moving average is $5.19 and its 200 day simple moving average is $6.06. The stock has a market cap of $429.33 million, a price-to-earnings ratio of -15.31 and a beta of 1.16. BigCommerce Holdings, Inc. has a twelve month low of $4.85 and a twelve month high of $8.50.

BigCommerce (NASDAQ:BIGC - Get Free Report) last posted its quarterly earnings results 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 business 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 firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 EPS. On average, equities research analysts forecast that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current 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.