BigCommerce Holdings, Inc. (NASDAQ:BIGC – Get Free Report) Director Jeffrey Gordon Richards sold 132,563 shares of BigCommerce stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $8.75, for a total transaction of $1,159,926.25. Following the transaction, the director now owns 15,480 shares of the company’s stock, valued at $135,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
BigCommerce Stock Performance
BIGC traded up $0.11 during mid-day trading on Monday, reaching $9.36. 504,991 shares of the company traded hands, compared to its average volume of 963,534. The stock has a market capitalization of $712.20 million, a P/E ratio of -7.28 and a beta of 0.82. The company has a quick ratio of 5.09, a current ratio of 5.09 and a debt-to-equity ratio of 17.08. The company’s fifty day moving average price is $9.58 and its 200-day moving average price is $9.57. BigCommerce Holdings, Inc. has a 52-week low of $6.81 and a 52-week high of $13.39.
BigCommerce (NASDAQ:BIGC – Get Free Report) last announced its earnings results on Wednesday, November 8th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. The business had revenue of $78.05 million during the quarter, compared to analyst estimates of $78.12 million. BigCommerce had a negative net margin of 31.74% and a negative return on equity of 187.16%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.30) EPS. On average, sell-side analysts expect that BigCommerce Holdings, Inc. will post -0.67 EPS for the current year.
Institutional Investors Weigh In On BigCommerce
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of BigCommerce in a report on Thursday, November 9th. Morgan Stanley reiterated an “equal weight” rating and set a $10.00 target price on shares of BigCommerce in a report on Friday, August 4th. Truist Financial lowered their target price on shares of BigCommerce from $12.00 to $10.00 and set a “hold” rating for the company in a report on Thursday, November 9th. The Goldman Sachs Group decreased their price objective on shares of BigCommerce from $13.00 to $11.50 and set a “buy” rating for the company in a report on Friday, November 10th. Finally, UBS Group initiated coverage on shares of BigCommerce in a report on Friday, September 22nd. They issued a “neutral” rating and a $12.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.82.
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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