BigCommerce (NASDAQ:BIGC) Stock Price Up 4.3% - Here's Why

BigCommerce Holdings, Inc. (NASDAQ:BIGC - Get Free Report) traded up 4.3% on Monday . The company traded as high as $6.55 and last traded at $6.50. 169,239 shares traded hands 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.

Analyst Ratings Changes

BIGC has been the subject of several analyst reports. Barclays downgraded BigCommerce from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $8.00 to $7.00 in a report on Friday, January 10th. Needham & Company LLC reaffirmed a "buy" rating and set a $10.00 price objective on shares of BigCommerce in a research note on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, BigCommerce has a consensus rating of "Hold" and an average target price of $7.80.

BigCommerce Trading Up 5.4 %

The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48. The firm has a market cap of $576.64 million, a price-to-earnings ratio of -20.81 and a beta of 1.18. The company has a 50-day moving average price of $6.41 and a 200 day moving average price of $6.21.

BigCommerce (NASDAQ:BIGC - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). The business had revenue of $87.03 million for the quarter, compared to analyst estimates of $86.90 million. BigCommerce had a negative return on equity of 52.65% and a negative net margin of 8.12%. As a group, research analysts anticipate that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

Remove Ads

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BIGC. Point72 Asia Singapore Pte. Ltd. acquired a new stake in BigCommerce in the fourth quarter valued at approximately $35,000. 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 last quarter. Headlands Technologies LLC boosted its holdings in BigCommerce by 260.5% in the fourth 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. Virtu Financial LLC bought a new position in BigCommerce during the third quarter valued at about $61,000. Finally, Sanctuary Advisors LLC bought a new position in BigCommerce during the fourth quarter valued at about $66,000. 79.21% of the stock is owned by institutional investors and hedge funds.

About BigCommerce

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.