BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Bought by Clearbridge Investments LLC

Clearbridge Investments LLC grew its holdings in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 8.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,433,163 shares of the company’s stock after buying an additional 106,080 shares during the period. Clearbridge Investments LLC’s holdings in BigCommerce were worth $11,551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its position in BigCommerce by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,167 shares of the company’s stock worth $219,000 after purchasing an additional 2,056 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of BigCommerce by 6.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 50,794 shares of the company’s stock worth $350,000 after acquiring an additional 3,188 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of BigCommerce in the 2nd quarter worth approximately $35,000. Rhumbline Advisers grew its holdings in shares of BigCommerce by 8.4% in the 2nd quarter. Rhumbline Advisers now owns 101,556 shares of the company’s stock worth $819,000 after acquiring an additional 7,849 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of BigCommerce in the 1st quarter worth approximately $80,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

Wall Street Analyst Weigh In

BIGC has been the topic of a number of research reports. Needham & Company LLC restated a “buy” rating and issued a $14.00 price target on shares of BigCommerce in a report on Thursday. Stifel Nicolaus lowered their price target on BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday. Bank of America lowered their price target on BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a report on Thursday, August 29th. Finally, Barclays lowered their price target on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, BigCommerce has an average rating of “Hold” and a consensus target price of $8.81.

BigCommerce Price Performance

Shares of NASDAQ:BIGC opened at $5.84 on Friday. The business’s fifty day moving average price is $5.98 and its two-hundred day moving average price is $6.87. The stock has a market cap of $451.29 million, a PE ratio of -9.13 and a beta of 0.98. The company has a debt-to-equity ratio of 13.04, a quick ratio of 4.51 and a current ratio of 4.51. BigCommerce Holdings, Inc. has a one year low of $5.35 and a one year high of $10.29.

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

BigCommerce Profile

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.