BigCommerce (NASDAQ:BIGC) Trading Up 4.3% – What’s Next?

BigCommerce Holdings, Inc. (NASDAQ:BIGC)’s stock price traded up 4.3% during trading on Monday . The stock traded as high as $6.55 and last traded at $6.50. 169,239 shares were traded during mid-day trading, a decline of 80% from the average session volume of 855,710 shares. The stock had previously closed at $6.23.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of BigCommerce in a report on Friday, February 21st. Barclays lowered BigCommerce from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $8.00 to $7.00 in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7.80.

BigCommerce Stock Performance

The stock has a market capitalization of $547.48 million, a P/E ratio of -19.96 and a beta of 1.18. The stock’s 50-day simple moving average is $6.40 and its 200 day simple moving average is $6.21. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81.

BigCommerce (NASDAQ:BIGC) last announced its earnings results on Thursday, February 20th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). The company had revenue of $87.03 million for the quarter, compared to the consensus estimate of $86.90 million. BigCommerce had a negative return on equity of 52.65% and a negative net margin of 8.12%. Research analysts expect that BigCommerce Holdings, Inc. will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On BigCommerce

A number of large investors have recently made changes to their positions in BIGC. Point72 Asia Singapore Pte. Ltd. acquired a new position in BigCommerce in the 4th quarter valued at $35,000. New York State Common Retirement Fund boosted its position in shares of BigCommerce by 105.3% in the fourth quarter. New York State Common Retirement Fund now owns 8,579 shares of the company’s stock valued at $53,000 after acquiring an additional 4,400 shares during the period. Headlands Technologies LLC grew its stake 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 acquiring an additional 7,181 shares in the last quarter. Virtu Financial LLC bought a new position in BigCommerce during the third quarter worth about $61,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of BigCommerce in the fourth quarter valued at approximately $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.