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    BigCommerce (BIGC) Scheduled to Unveil Quarterly Earnings this Thursday

    Last Updated | February 21, 2024

    BigCommerce is slated to disclose its quarterly earnings data before the market opens on Thursday, February 22nd. Analysts anticipate the company to report earnings of $0.05 per share for the quarter.

    Performance Overview of BigCommerce Stock

    On Thursday, shares of NASDAQ:BIGC commenced trading at $8.59. Presently, the company boasts a market capitalization of $653.61 million, with a price-to-earnings ratio of -6.76 and a beta of 0.83. Tracking its recent trends, the 50-day moving average price stands at $8.81, while the 200-day moving average is at $9.50. Notably, the company exhibits a current ratio of 5.09 and a quick ratio of 5.09, alongside a debt-to-equity ratio of 17.08. BigCommerce has seen a 12-month low of $6.81 and a 12-month high of $12.75.

    Insight into Institutional Investor Activity

    Recent market activities reveal significant involvement from hedge funds and other institutional investors. Alliancebernstein L.P., for instance, augmented its stake in BigCommerce by 84.8% during the third quarter, now holding 5,015,401 shares valued at $74,228,000. Likewise, Morgan Stanley increased its stake by 22.5%, owning 4,266,223 shares valued at $42,108,000 during the third quarter. Additionally, notable acquisitions include B. Riley Asset Management LLC and Norges Bank, with respective positions valued at $4,285,000 and $3,788,000 during the fourth quarter. Bank of America Corp DE notably grew its stake by 324.5% during the first quarter, holding 559,185 shares valued at $4,999,000. Collectively, hedge funds and other institutional investors now possess 72.92% of the company’s stock.

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    Insights from Wall Street Analysts

    A range of equity analysts has recently published reports on BIGC shares. Piper Sandler reaffirmed a “neutral” rating, setting a $11.00 price target on BigCommerce shares. Needham & Company LLC upheld a “buy” rating, with a $20.00 price target. Conversely, Truist Financial lowered its price target from $12.00 to $10.00, maintaining a “hold” rating, while The Goldman Sachs Group downgraded BigCommerce from “buy” to “neutral,” reducing the price target from $11.50 to $9.50. Presently, seven analysts advocate a hold rating, with two endorsing a buy rating. MarketBeat.com notes an average rating of “Hold” for BigCommerce, with a consensus price target of $11.94.


    Muzammil Hussain is a seasoned digital marketing expert with over 10 years of experience. Proficient in SEO, PPC, and SEM, he has a proven track record of driving online success for businesses. His strategic insights and passion for digital marketing make him a valuable asset in the ever-evolving digital landscape.