Y Intercept Hong Kong Ltd Makes New $332,000 Investment in BigCommerce Holdings, Inc. (NASDAQ:CMRC)

Y Intercept Hong Kong Ltd bought a new stake in BigCommerce Holdings, Inc. (NASDAQ:CMRC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 57,721 shares of the company's stock, valued at approximately $332,000. Y Intercept Hong Kong Ltd owned approximately 0.07% of BigCommerce as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in CMRC. GAMMA Investing LLC boosted its holdings in shares of BigCommerce by 8,196.8% in the first quarter. GAMMA Investing LLC now owns 5,144 shares of the company's stock valued at $30,000 after buying an additional 5,082 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BigCommerce in the fourth quarter valued at approximately $35,000. Next Level Private LLC acquired a new position in shares of BigCommerce in the first quarter valued at approximately $58,000. Headlands Technologies LLC boosted its holdings in shares of BigCommerce by 260.5% in the fourth quarter. Headlands Technologies LLC now owns 9,938 shares of the company's stock valued at $61,000 after buying an additional 7,181 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of BigCommerce in the fourth quarter valued at approximately $70,000. Institutional investors and hedge funds own 79.21% of the company's stock.

BigCommerce Stock Up 4.4%

CMRC stock traded up $0.21 during midday trading on Friday, reaching $4.99. 1,638,452 shares of the company's stock traded hands, compared to its average volume of 762,626. BigCommerce Holdings, Inc. has a 52 week low of $4.73 and a 52 week high of $8.27. The company has a market cap of $399.78 million, a price-to-earnings ratio of -22.69 and a beta of 1.15. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 4.14. The firm's fifty day moving average price is $5.02 and its 200-day moving average price is $5.59.

BigCommerce (NASDAQ:CMRC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.04. The company had revenue of $84.43 million for the quarter, compared to analysts' expectations of $83.30 million. BigCommerce had a negative net margin of 5.37% and a negative return on equity of 26.12%. BigCommerce's revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 EPS. As a group, sell-side analysts forecast that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CMRC has been the subject of several recent research reports. 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 report on Monday, April 21st. 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 research report on Wednesday, April 16th. Canaccord Genuity Group reissued a "buy" rating and issued a $11.00 target price on shares of BigCommerce in a report on Friday. Wall Street Zen downgraded shares of BigCommerce from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. Finally, The Goldman Sachs Group dropped their price target on shares of BigCommerce from $9.50 to $8.50 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, BigCommerce currently has a consensus rating of "Hold" and an average price target of $8.07.

BigCommerce Company 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.