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

BigCommerce Holdings, Inc. (NASDAQ:BIGC)’s share price traded up 4.3% during mid-day trading on Monday . The stock traded as high as $6.55 and last traded at $6.50. 169,239 shares were traded during trading, a decline of 80% from the average session volume of 855,710 shares. The stock had previously closed at $6.23.

Analysts Set New Price Targets

A number of research firms have weighed in on BIGC. Barclays cut shares of BigCommerce from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $8.00 to $7.00 in a research note 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, February 21st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, BigCommerce has a consensus rating of “Hold” and an average target price of $7.80.

BigCommerce Trading Up 1.7 %

The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. The firm’s 50-day moving average is $6.40 and its 200-day moving average is $6.21. The firm has a market cap of $547.48 million, a price-to-earnings ratio of -19.96 and a beta of 1.18.

BigCommerce (NASDAQ:BIGC) last posted its earnings results 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 company had revenue of $87.03 million during the quarter, compared to the consensus estimate of $86.90 million. As a group, sell-side analysts anticipate that BigCommerce Holdings, Inc. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

About BigCommerce

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.