BigCommerce (NASDAQ:BIGC) Price Target Lowered to $8.00 at Stifel Nicolaus

BigCommerce (NASDAQ:BIGC - Free Report) had its target price reduced by Stifel Nicolaus from $10.00 to $8.00 in a research note released on Thursday, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Barclays reduced their price target on BigCommerce from $8.00 to $7.00 and set an equal weight rating for the company in a research report on Monday, August 5th. Bank of America dropped their price objective on shares of BigCommerce from $8.00 to $6.00 and set an underperform rating for the company in a research note on Thursday, August 29th. Finally, Needham & Company LLC reiterated a buy rating and set a $14.00 price objective on shares of BigCommerce in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, BigCommerce presently has a consensus rating of Hold and a consensus target price of $8.81.

BigCommerce Stock Performance

NASDAQ BIGC traded down $0.05 on Thursday, hitting $5.62. The stock had a trading volume of 1,906,922 shares, compared to its average volume of 782,347. The company's 50-day moving average is $6.03 and its two-hundred day moving average is $6.88. The stock has a market cap of $434.29 million, a price-to-earnings ratio of -8.78 and a beta of 0.98. BigCommerce has a one year low of $5.35 and a one year high of $10.29. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 13.04.

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

Institutional Trading of BigCommerce

Several institutional investors have recently added to or reduced their stakes in BIGC. Sanctuary Advisors LLC purchased a new position in BigCommerce during the 2nd quarter worth $258,000. Clearbridge Investments LLC raised its position in BigCommerce by 8.0% during the second quarter. Clearbridge Investments LLC now owns 1,433,163 shares of the company's stock worth $11,551,000 after acquiring an additional 106,080 shares during the last quarter. Clearline Capital LP raised its position in BigCommerce by 27.3% during the second quarter. Clearline Capital LP now owns 949,931 shares of the company's stock worth $7,656,000 after acquiring an additional 203,785 shares during the last quarter. Algert Global LLC lifted its holdings in BigCommerce by 89.4% in the 2nd quarter. Algert Global LLC now owns 267,850 shares of the company's stock valued at $2,159,000 after purchasing an additional 126,443 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in BigCommerce by 8.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,167 shares of the company's stock worth $219,000 after acquiring an additional 2,056 shares during the period. Institutional investors and hedge funds 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.