BigCommerce Holdings, Inc. (NASDAQ:BIGC) Short Interest Update

BigCommerce Holdings, Inc. (NASDAQ:BIGC) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 9,020,000 shares, a decrease of 7.1% from the August 15th total of 9,710,000 shares. Currently, 14.5% of the company’s stock are sold short. Based on an average daily volume of 684,600 shares, the short-interest ratio is presently 13.2 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board bought a new position in shares of BigCommerce during the 2nd quarter worth approximately $35,000. Acadian Asset Management LLC bought a new stake in BigCommerce during the first quarter worth $80,000. AQR Capital Management LLC purchased a new position in BigCommerce in the second quarter worth $121,000. Virtu Financial LLC bought a new position in BigCommerce in the 1st quarter valued at $104,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of BigCommerce during the 1st quarter valued at $144,000. 79.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Bank of America reduced their target price on BigCommerce from $8.00 to $6.00 and set an “underperform” rating for the company in a research note on Thursday, August 29th. Barclays decreased their price objective on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $14.00 target price on shares of BigCommerce in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, BigCommerce presently has a consensus rating of “Hold” and a consensus target price of $9.31.

BigCommerce Stock Up 3.5 %

Shares of BigCommerce stock traded up $0.20 on Tuesday, hitting $5.95. The company had a trading volume of 111,806 shares, compared to its average volume of 712,789. BigCommerce has a 1 year low of $5.35 and a 1 year high of $10.48. The company has a debt-to-equity ratio of 13.04, a quick ratio of 4.51 and a current ratio of 4.51. The stock has a 50 day moving average of $6.58 and a 200-day moving average of $7.01. The stock has a market capitalization of $459.79 million, a price-to-earnings ratio of -8.98 and a beta of 0.98.

BigCommerce (NASDAQ:BIGC) last released its quarterly 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 business had revenue of $81.83 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.17) EPS. As a group, sell-side analysts forecast that BigCommerce will post -0.3 earnings per share for the current 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.