In yesterday’s Wall Street session, BigCommerce Holdings Inc. (NASDAQ:BIGC) shares traded at $9.53, down -4.99% from the previous session.
16 analysts cover BigCommerce Holdings Inc. (NASDAQ:BIGC), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $8.00, we find $10.00. Given the previous closing price of $10.03, this indicates a potential downside of -0.3 percent. BIGC stock price is now 0.32% away from the 50-day moving average and -0.67% away from the 200-day moving average. The market capitalization of the company currently stands at $691.69M.
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The stock has received a hold rating from 12 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $10.79 as their price target over the next twelve months.
With the price target of $11, DA Davidson recently initiated with Neutral rating for BigCommerce Holdings Inc. (NASDAQ: BIGC).
In other news, EGGERTON LISA, Chief Marketing Officer sold 20,756 shares of the company’s stock on Jul 10. The stock was sold for $209,586 at an average price of $10.10. Upon completion of the transaction, the Chief Marketing Officer now directly owns 134,002 shares in the company, valued at $1.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 30, Chief Marketing Officer EGGERTON LISA sold 9,581 shares of the business’s stock. A total of $95,822 was realized by selling the stock at an average price of $10.00. This leaves the insider owning 134,953 shares of the company worth $1.29 million. Insiders disposed of 1,383,183 shares of company stock worth roughly $13.18 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BIGC stock. A new stake in BigCommerce Holdings Inc. shares was purchased by CLEARBRIDGE INVESTMENTS, LLC during the first quarter worth $10,795,000. DUMAC, INC. invested $10,062,000 in shares of BIGC during the first quarter. In the first quarter, MAPLELANE CAPITAL, LLC acquired a new stake in BigCommerce Holdings Inc. valued at approximately $4,384,000. PIER CAPITAL, LLC acquired a new stake in BIGC for approximately $2,792,000. CENTERBOOK PARTNERS LP purchased a new stake in BIGC valued at around $2,529,000 in the second quarter. In total, there are 215 active investors with 73.10% ownership of the company’s stock.
During the past 12 months, BigCommerce Holdings Inc. has had a low of $6.81 and a high of $21.80. As of last week, the company has a debt-to-equity ratio of 9.83, a current ratio of 4.70, and a quick ratio of 4.70. The fifty day moving average price for BIGC is $9.52 and a two-hundred day moving average price translates $9.58 for the stock.
The latest earnings results from BigCommerce Holdings Inc. (NASDAQ: BIGC) was released for Mar, 2023. According to the Software – Application Company, earnings per share came in at -$0.07, beating analysts’ expectations of -$0.13 by 0.06. This compares to -$0.51 EPS in the same period last year. The net profit margin was -43.90% and return on equity was -217.20% for BIGC. The company reported revenue of $71.76 million for the quarter, compared to $66.05 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.64 percent. For the current quarter, analysts expect BIGC to generate $73.35M in revenue.
BigCommerce Holdings Inc.(BIGC) 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. It serves online stores across industries. The company was founded in 2009 and is headquartered in Austin, Texas.
