Marshall Wace LLP Purchases New Stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Marshall Wace LLP acquired a new position in BigCommerce Holdings, Inc. (NASDAQ:BIGC) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 95,938 shares of the company’s stock, valued at approximately $773,000. Marshall Wace LLP owned approximately 0.12% of BigCommerce at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BIGC. Price T Rowe Associates Inc. MD lifted its position in shares of BigCommerce by 6.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 50,794 shares of the company’s stock worth $350,000 after purchasing an additional 3,188 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in BigCommerce in the 2nd quarter worth approximately $35,000. Rhumbline Advisers boosted its stake in shares of BigCommerce by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 101,556 shares of the company’s stock valued at $819,000 after buying an additional 7,849 shares during the period. Acadian Asset Management LLC purchased a new position in shares of BigCommerce during the 1st quarter valued at $80,000. Finally, Virtu Financial LLC acquired a new position in shares of BigCommerce in the first quarter worth $104,000. 79.21% of the stock is currently owned by institutional investors and hedge funds.

BigCommerce Trading Down 2.0 %

NASDAQ:BIGC opened at $5.45 on Wednesday. BigCommerce Holdings, Inc. has a 12 month low of $5.35 and a 12 month high of $10.29. The firm has a market cap of $421.15 million, a price-to-earnings ratio of -8.52 and a beta of 0.98. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 13.04. The company’s 50 day moving average is $5.93 and its 200-day moving average is $6.85.

BigCommerce (NASDAQ:BIGC) last announced its earnings results on Thursday, August 1st. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The firm had revenue of $81.83 million for the quarter, compared to the consensus estimate of $81.13 million. BigCommerce had a negative net margin of 12.68% and a negative return on equity of 82.39%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.17) EPS. Equities analysts anticipate that BigCommerce Holdings, Inc. will post -0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

BIGC has been the subject of a number of research reports. Barclays reduced their price objective on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Stifel Nicolaus lowered their price target on BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 price objective on shares of BigCommerce in a research report on Thursday, October 3rd. Finally, Bank of America decreased their target price on shares of BigCommerce from $8.00 to $6.00 and set an “underperform” rating for the company in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.81.

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.