Next Level Private LLC Invests $58,000 in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Next Level Private LLC purchased a new stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $58,000.

Other institutional investors have also added to or reduced their stakes in the company. Virtu Financial LLC boosted its stake in BigCommerce by 56.9% in the 4th quarter. Virtu Financial LLC now owns 16,333 shares of the company’s stock valued at $100,000 after purchasing an additional 5,926 shares during the period. New York State Common Retirement Fund boosted its stake in BigCommerce by 105.3% in the 4th quarter. New York State Common Retirement Fund now owns 8,579 shares of the company’s stock valued at $53,000 after purchasing an additional 4,400 shares during the period. Renaissance Technologies LLC boosted its stake in BigCommerce by 6.7% in the 4th quarter. Renaissance Technologies LLC now owns 880,005 shares of the company’s stock valued at $5,386,000 after purchasing an additional 55,353 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in BigCommerce by 29.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 77,852 shares of the company’s stock valued at $477,000 after purchasing an additional 17,785 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in BigCommerce by 3.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,263,093 shares of the company’s stock valued at $7,730,000 after purchasing an additional 42,920 shares during the period. 79.21% of the stock is currently owned by institutional investors.

BigCommerce Price Performance

Shares of NASDAQ BIGC opened at $5.12 on Friday. The stock has a market capitalization of $410.10 million, a PE ratio of -14.63 and a beta of 1.16. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81. The business has a fifty day moving average price of $5.20 and a two-hundred day moving average price of $6.07. BigCommerce Holdings, Inc. has a fifty-two week low of $4.85 and a fifty-two week high of $8.50.

BigCommerce (NASDAQ:BIGC) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. BigCommerce had a negative return on equity of 52.65% and a negative net margin of 8.12%. The company had revenue of $82.37 million during the quarter, compared to analysts’ expectations of $82.48 million. During the same quarter in the previous year, the firm earned $0.07 EPS. BigCommerce’s revenue was up 2.5% on a year-over-year basis. As a group, equities analysts predict that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BIGC has been the subject of several recent research reports. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of BigCommerce in a research note on Wednesday, March 12th. Barclays reduced their price target on BigCommerce from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Monday, April 21st. The Goldman Sachs Group dropped their price objective on BigCommerce from $9.50 to $8.50 and set a “neutral” rating for the company in a report on Friday, May 9th. Finally, Morgan Stanley dropped their price objective on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, BigCommerce has an average rating of “Hold” and a consensus price target of $7.58.

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.