BigCommerce (NASDAQ:BIGC) Shares Gap Up – Time to Buy?

BigCommerce Holdings, Inc. (NASDAQ:BIGC)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $6.69, but opened at $7.08. BigCommerce shares last traded at $6.81, with a volume of 489,774 shares traded.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price target on shares of BigCommerce in a report on Monday, December 9th. Barclays lowered BigCommerce from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $8.00 to $7.00 in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, BigCommerce presently has an average rating of “Hold” and an average target price of $8.14.

BigCommerce Stock Performance

The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81. The company has a market capitalization of $520.05 million, a P/E ratio of -18.51 and a beta of 1.18. The business has a 50-day moving average of $6.43 and a 200-day moving average of $6.18.

BigCommerce (NASDAQ:BIGC) last released its earnings results on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). BigCommerce had a negative return on equity of 58.18% and a negative net margin of 8.43%. On average, sell-side analysts anticipate that BigCommerce Holdings, Inc. will post -0.25 EPS for the current year.

Institutional Investors Weigh In On BigCommerce

A number of institutional investors have recently added to or reduced their stakes in BIGC. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of BigCommerce in the 4th quarter valued at about $35,000. 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 worth $53,000 after purchasing an additional 4,400 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of BigCommerce during the 3rd quarter valued at $61,000. Headlands Technologies LLC boosted its position in shares of BigCommerce by 260.5% in the 4th quarter. Headlands Technologies LLC now owns 9,938 shares of the company’s stock worth $61,000 after purchasing an additional 7,181 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of BigCommerce in the 4th quarter worth $66,000. Institutional investors own 79.21% of the company’s stock.

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.