BigCommerce Holdings, Inc. (NASDAQ:BIGC – Get Free Report) Director Jeffrey Gordon Richards sold 132,563 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $8.75, for a total value of $1,159,926.25. Following the completion of the sale, the director now directly owns 15,480 shares in the company, valued at $135,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
BigCommerce Stock Performance
Shares of NASDAQ:BIGC opened at $9.36 on Tuesday. The company has a debt-to-equity ratio of 17.08, a current ratio of 5.09 and a quick ratio of 5.09. The business’s 50 day moving average price is $9.55 and its 200-day moving average price is $9.58. The firm has a market capitalization of $712.20 million, a PE ratio of -7.37 and a beta of 0.82. BigCommerce Holdings, Inc. has a 1 year low of $6.81 and a 1 year high of $13.39.
BigCommerce (NASDAQ:BIGC – Get Free Report) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. BigCommerce had a negative return on equity of 187.16% and a negative net margin of 31.74%. The firm had revenue of $78.05 million for the quarter, compared to the consensus estimate of $78.12 million. During the same quarter last year, the business posted ($0.30) earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts expect that BigCommerce Holdings, Inc. will post -0.67 earnings per share for the current fiscal year.
Hedge Funds Weigh In On BigCommerce
Analyst Ratings Changes
BIGC has been the topic of several research analyst reports. Truist Financial dropped their price objective on BigCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a report on Thursday, November 9th. The Goldman Sachs Group dropped their price objective on BigCommerce from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Friday, November 10th. Piper Sandler reissued a “neutral” rating and issued a $11.00 price objective on shares of BigCommerce in a report on Thursday, November 16th. Barclays raised their price objective on BigCommerce from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, August 4th. Finally, UBS Group initiated coverage on BigCommerce in a report on Friday, September 22nd. They issued a “neutral” rating and a $12.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.82.
BigCommerce Company Profile
BigCommerce Holdings, Inc operates a software-as-a-service platform for small businesses, mid-markets, and large enterprises in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and internationally. The company's platform provides various services for launching and scaling e-commerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integrations.
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