BigCommerce’s (BIGC) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of BigCommerce (NASDAQ:BIGCFree Report) in a report published on Tuesday, Benzinga reports. They currently have a $20.00 price target on the stock.

BIGC has been the subject of several other research reports. Truist Financial reduced their price objective on shares of BigCommerce from $12.00 to $10.00 and set a hold rating for the company in a research report on Thursday, November 9th. The Goldman Sachs Group reduced their price objective on shares of BigCommerce from $13.00 to $11.50 and set a buy rating for the company in a research report on Friday, November 10th. Finally, Piper Sandler reiterated a neutral rating and issued a $11.00 price target on shares of BigCommerce in a research report on Thursday, November 16th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, BigCommerce has a consensus rating of Hold and a consensus price target of $12.17.

Check Out Our Latest Stock Report on BigCommerce

BigCommerce Stock Performance

NASDAQ BIGC opened at $8.18 on Tuesday. The company has a quick ratio of 5.09, a current ratio of 5.09 and a debt-to-equity ratio of 17.08. BigCommerce has a 52 week low of $6.81 and a 52 week high of $13.39. The stock has a market capitalization of $622.42 million, a PE ratio of -6.44 and a beta of 0.84. The firm has a 50 day moving average of $8.92 and a two-hundred day moving average of $9.62.

BigCommerce (NASDAQ:BIGCGet Free Report) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.04. The company had revenue of $78.05 million during the quarter, compared to analysts’ expectations of $78.12 million. BigCommerce had a negative net margin of 31.74% and a negative return on equity of 187.16%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.30) EPS. As a group, research analysts expect that BigCommerce will post -0.63 EPS for the current fiscal year.

Insider Buying and Selling at BigCommerce

In other BigCommerce news, Director Jeffrey Gordon Richards sold 132,563 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 15,480 shares of the company’s stock, valued at approximately $135,450. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 10.82% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BigCommerce

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. American International Group Inc. grew its stake in shares of BigCommerce by 3.1% during the 2nd quarter. American International Group Inc. now owns 32,358 shares of the company’s stock worth $322,000 after purchasing an additional 974 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of BigCommerce by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,061 shares of the company’s stock worth $269,000 after purchasing an additional 1,377 shares during the period. Swiss National Bank grew its stake in shares of BigCommerce by 1.0% during the 3rd quarter. Swiss National Bank now owns 139,300 shares of the company’s stock worth $1,375,000 after purchasing an additional 1,400 shares during the period. HighTower Advisors LLC grew its stake in shares of BigCommerce by 8.2% during the 1st quarter. HighTower Advisors LLC now owns 18,730 shares of the company’s stock worth $414,000 after purchasing an additional 1,425 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of BigCommerce by 81.9% during the 1st quarter. Advisors Asset Management Inc. now owns 3,716 shares of the company’s stock worth $81,000 after purchasing an additional 1,673 shares during the period. 72.92% of the stock is owned by institutional investors and hedge funds.

BigCommerce Company Profile

(Get Free Report)

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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