BigCommerce Holdings, Inc. (NASDAQ:BIGC) Receives Average Rating of “Hold” from Brokerages

by · The Markets Daily

BigCommerce Holdings, Inc. (NASDAQ:BIGC – Get Free Report) has received an average rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $9.31.

Several research firms recently commented on BIGC. Barclays cut their target price on shares of BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. Needham & Company LLC reiterated a “buy” rating and issued a $14.00 target price on shares of BigCommerce in a research note on Wednesday, August 28th. Finally, Bank of America decreased their target price on BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a research report on Thursday, August 29th.

Get Our Latest Research Report on BigCommerce

Institutional Investors Weigh In On BigCommerce

Several large investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board acquired a new stake in BigCommerce in the 2nd quarter valued at $35,000. Acadian Asset Management LLC acquired a new stake in shares of BigCommerce in the 1st quarter valued at $80,000. AQR Capital Management LLC acquired a new stake in shares of BigCommerce in the 2nd quarter valued at $121,000. Virtu Financial LLC bought a new stake in shares of BigCommerce in the 1st quarter worth about $104,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of BigCommerce during the 1st quarter worth about $144,000. 79.21% of the stock is currently owned by institutional investors.

BigCommerce Trading Down 2.9 %

BigCommerce stock opened at $6.05 on Friday. BigCommerce has a 52 week low of $5.35 and a 52 week high of $10.29. The company has a debt-to-equity ratio of 13.04, a quick ratio of 4.51 and a current ratio of 4.51. The firm has a market capitalization of $467.51 million, a PE ratio of -9.45 and a beta of 0.98. The business’s 50-day simple moving average is $6.46 and its 200-day simple moving average is $6.98.

BigCommerce (NASDAQ:BIGC – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. BigCommerce had a negative return on equity of 82.39% and a negative net margin of 12.68%. The company had revenue of $81.83 million for the quarter, compared to the consensus estimate of $81.13 million. During the same period in the previous year, the business posted ($0.17) EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities research analysts forecast that BigCommerce will post -0.3 earnings per share for the current year.

BigCommerce Company Profile

(Get Free Report

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.

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