BigCommerce (NASDAQ:BIGC - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Needham & Company LLC in a report issued on Wednesday,Benzinga reports. They currently have a $10.00 target price on the stock. Needham & Company LLC's target price would indicate a potential upside of 67.50% from the company's previous close.
Separately, Barclays downgraded BigCommerce from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $8.00 to $7.00 in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, BigCommerce presently has an average rating of "Hold" and a consensus target price of $7.80.
Get Our Latest Research Report on BIGC
BigCommerce Trading Down 1.6 %
NASDAQ BIGC traded down $0.10 on Wednesday, hitting $5.97. 834,606 shares of the company were exchanged, compared to its average volume of 919,725. BigCommerce has a twelve month low of $5.13 and a twelve month high of $8.60. The company's 50 day moving average price is $6.45 and its 200-day moving average price is $6.27. The firm has a market capitalization of $469.24 million, a P/E ratio of -17.06 and a beta of 1.13. 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 - Get Free Report) last issued its quarterly 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). BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. The firm had revenue of $87.03 million during the quarter, compared to analysts' expectations of $86.90 million. Analysts predict that BigCommerce will post -0.16 earnings per share for the current fiscal year.
Insider Transactions at BigCommerce
In other news, Director Ellen F. Siminoff purchased 177,158 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $6.64 per share, for a total transaction of $1,176,329.12. Following the completion of the purchase, the director now directly owns 253,333 shares of the company's stock, valued at approximately $1,682,131.12. The trade was a 232.57 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.06% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On BigCommerce
A number of institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. grew its stake in shares of BigCommerce by 1.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,932,149 shares of the company's stock valued at $10,859,000 after purchasing an additional 35,016 shares during the period. Divisar Capital Management LLC boosted its position in BigCommerce by 48.5% in the fourth quarter. Divisar Capital Management LLC now owns 1,872,031 shares of the company's stock valued at $11,457,000 after buying an additional 611,811 shares in the last quarter. Clearline Capital LP increased its holdings in shares of BigCommerce by 69.7% during the third quarter. Clearline Capital LP now owns 1,611,619 shares of the company's stock worth $9,428,000 after buying an additional 661,688 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of BigCommerce by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,600,219 shares of the company's stock valued at $9,363,000 after acquiring an additional 21,105 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of BigCommerce by 1.1% in the 3rd quarter. State Street Corp now owns 1,522,002 shares of the company's stock worth $8,904,000 after acquiring an additional 16,561 shares in the last quarter. Institutional investors and hedge funds own 79.21% of the company's stock.
About BigCommerce
(
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.
Further Reading
Before you consider BigCommerce, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BigCommerce wasn't on the list.
While BigCommerce currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
