BigCommerce (NASDAQ:BIGC) Trading Up 4.3% – Time to Buy?

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) rose 4.3% during trading on Monday . The company traded as high as $6.55 and last traded at $6.50. Approximately 169,239 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 855,710 shares. The stock had previously closed at $6.23.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays cut BigCommerce from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $8.00 to $7.00 in a report on Friday, January 10th. Needham & Company LLC restated a “buy” rating and set a $10.00 price objective on shares of BigCommerce in a research report on Friday. Two equities research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $7.80.

BigCommerce Stock Up 7.2 %

The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. The firm has a market capitalization of $523.58 million, a PE ratio of -19.04 and a beta of 1.18. The business’s 50 day moving average price is $6.40 and its 200-day moving average price is $6.19.

BigCommerce (NASDAQ:BIGC) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $86.90 million. As a group, equities research analysts forecast that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On BigCommerce

Several hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in BigCommerce during the fourth quarter worth about $35,000. New York State Common Retirement Fund boosted its stake in shares of BigCommerce by 105.3% in the fourth quarter. New York State Common Retirement Fund now owns 8,579 shares of the company’s stock valued at $53,000 after buying an additional 4,400 shares in the last quarter. Headlands Technologies LLC raised its position 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 acquiring an additional 7,181 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of BigCommerce during the 3rd quarter worth $61,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of BigCommerce during the 4th quarter worth $66,000. 79.21% of the stock is owned by institutional investors and hedge funds.

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.