BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 93.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 17,179 shares of the company’s stock after acquiring an additional 8,297 shares during the period. Harbor Capital Advisors Inc.’s holdings in BigCommerce were worth $100,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Horrell Capital Management Inc. purchased a new stake in shares of BigCommerce in the third quarter valued at $439,000. International Assets Investment Management LLC acquired a new stake in BigCommerce in the 3rd quarter worth about $920,000. Sanctuary Advisors LLC purchased a new stake in BigCommerce in the 2nd quarter valued at about $258,000. Clearbridge Investments LLC increased its stake in shares of BigCommerce by 8.0% during the 2nd quarter. Clearbridge Investments LLC now owns 1,433,163 shares of the company’s stock valued at $11,551,000 after acquiring an additional 106,080 shares during the last quarter. Finally, Clearline Capital LP lifted its holdings in shares of BigCommerce by 27.3% during the 2nd quarter. Clearline Capital LP now owns 949,931 shares of the company’s stock worth $7,656,000 after acquiring an additional 203,785 shares during the period. Hedge funds and other institutional investors own 79.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on BIGC. Barclays dropped their price target on shares of BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Bank of America cut their target price on BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a research report on Thursday, August 29th. 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 report on Thursday, October 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $14.00 price target on shares of BigCommerce in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $8.81.

BigCommerce Price Performance

BIGC stock opened at $6.23 on Friday. The firm has a market cap of $484.38 million, a P/E ratio of -11.67 and a beta of 0.99. 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 1 year low of $5.13 and a 1 year high of $10.19. The stock has a 50-day simple moving average of $5.71 and a 200-day simple moving average of $6.69.

BigCommerce (NASDAQ:BIGC) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.05. The firm had revenue of $83.71 million for the quarter, compared to the consensus estimate of $83.04 million. BigCommerce had a negative net margin of 12.68% and a negative return on equity of 82.39%. On average, equities analysts predict that BigCommerce Holdings, Inc. will post -0.3 earnings per share for the current fiscal year.

BigCommerce Company 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.