95,938 Shares in BigCommerce Holdings, Inc. (NASDAQ:BIGC) Bought by Marshall Wace LLP

Marshall Wace LLP bought a new stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 95,938 shares of the company's stock, valued at approximately $773,000. Marshall Wace LLP owned approximately 0.12% of BigCommerce as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Canada Pension Plan Investment Board purchased a new position in BigCommerce during the second quarter valued at approximately $35,000. Acadian Asset Management LLC acquired a new stake in shares of BigCommerce during the 1st quarter valued at $80,000. Virtu Financial LLC purchased a new position in shares of BigCommerce during the 1st quarter valued at $104,000. Bayesian Capital Management LP acquired a new position in shares of BigCommerce in the first quarter worth $144,000. Finally, Catalytic Wealth RIA LLC purchased a new stake in shares of BigCommerce during the second quarter worth $188,000. Institutional investors and hedge funds own 79.21% of the company's stock.

Wall Street Analysts Forecast Growth

BIGC has been the topic of a number of recent research reports. Bank of America lowered their target price on BigCommerce from $8.00 to $6.00 and set an "underperform" rating on the stock in a research note on Thursday, August 29th. Stifel Nicolaus lowered their price target on BigCommerce from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, October 3rd. Needham & Company LLC reaffirmed a "buy" rating and set a $14.00 price objective on shares of BigCommerce in a research report on Thursday, October 3rd. Finally, Barclays decreased 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 report on Monday, August 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, BigCommerce presently has a consensus rating of "Hold" and a consensus target price of $8.81.

BigCommerce Stock Performance

BIGC stock traded up $0.16 during midday trading on Wednesday, hitting $5.61. 649,713 shares of the company traded hands, compared to its average volume of 791,469. BigCommerce Holdings, Inc. has a twelve month low of $5.35 and a twelve month high of $10.29. The stock has a market capitalization of $433.51 million, a price-to-earnings ratio of -8.97 and a beta of 0.98. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 13.04. The business has a 50 day simple moving average of $5.88 and a 200-day simple moving average of $6.83.

BigCommerce (NASDAQ:BIGC - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. The business had revenue of $81.83 million for the quarter, compared to analyst estimates of $81.13 million. BigCommerce had a negative net margin of 12.68% and a negative return on equity of 82.39%. BigCommerce's revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business posted ($0.17) EPS. As a group, equities research analysts predict that BigCommerce Holdings, Inc. will post -0.3 earnings per share for the current year.

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.