Horrell Capital Management Inc. Invests $439,000 in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Horrell Capital Management Inc. bought a new position in BigCommerce Holdings, Inc. (NASDAQ:BIGC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 75,000 shares of the company’s stock, valued at approximately $439,000. Horrell Capital Management Inc. owned 0.10% of BigCommerce as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of BigCommerce by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 9,705,856 shares of the company’s stock valued at $94,438,000 after buying an additional 762,437 shares during the last quarter. Divisar Capital Management LLC acquired a new position in shares of BigCommerce during the 2nd quarter worth $4,274,000. 272 Capital LP increased its stake in shares of BigCommerce by 40.0% during the 2nd quarter. 272 Capital LP now owns 884,750 shares of the company’s stock worth $7,131,000 after purchasing an additional 252,946 shares during the last quarter. Clearline Capital LP boosted 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 buying an additional 203,785 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in BigCommerce by 42.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 669,986 shares of the company’s stock valued at $4,602,000 after purchasing an additional 198,638 shares during the period. 79.21% of the stock is owned by hedge funds and other institutional investors.

BigCommerce Trading Up 1.3 %

Shares of BigCommerce stock traded up $0.07 on Tuesday, reaching $5.49. The company had a trading volume of 95,780 shares, compared to its average volume of 777,328. The firm has a market cap of $424.24 million, a price-to-earnings ratio of -8.47 and a beta of 0.98. The company has a debt-to-equity ratio of 13.04, a current ratio of 4.51 and a quick ratio of 4.51. The firm’s 50-day moving average price is $5.77 and its two-hundred day moving average price is $6.73. BigCommerce Holdings, Inc. has a 1 year low of $5.25 and a 1 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, topping analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $81.83 million during 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%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.17) EPS. As a group, research analysts predict that BigCommerce Holdings, Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on BIGC shares. Stifel Nicolaus reduced their price objective on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Barclays cut their price target on shares of BigCommerce from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Needham & Company LLC restated a “buy” rating and set a $14.00 target price on shares of BigCommerce in a report on Thursday, October 3rd. Finally, Bank of America reduced their target price on shares of BigCommerce from $8.00 to $6.00 and set an “underperform” rating for the company in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, BigCommerce presently has a consensus rating of “Hold” and an average target price of $8.81.

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.