Take off with BigCommerce Holdings Inc. (BIGC): Get ready for trading

BigCommerce Holdings Inc. (NASDAQ: BIGC) stock jumped 0.77% on Friday to $18.35 against a previous-day closing price of $18.21. With 1.1 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.33 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $18.77 whereas the lowest price it dropped to was $17.89. The 52-week range on BIGC shows that it touched its highest point at $71.63 and its lowest point at $12.71 during that stretch. It currently has a 1-year price target of $28.55.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BIGC was up-trending over the past week, with a rise of 18.31%, but this was up by 1.83% over a month. Three-month performance dropped to -10.27% while six-month performance fell -41.50%. The stock lost -73.46% in the past year, while it has lost -48.12% so far this year. A look at the trailing 12-month EPS for BIGC yields -1.46 with Next year EPS estimates of -0.53. For the next quarter, that number is -0.24. This implies an EPS growth rate of -92.30% for this year and 30.60% for next year.

Float and Shares Shorts:

At present, 72.48 million BIGC shares are outstanding with a float of 68.18 million shares on hand for trading. On Jul 14, 2022, short shares totaled 5.56 million, which was 7.66% higher than short shares on Jun 14, 2022. In addition to Mr. Brent Bellm as the firm’s Chairman, Pres & CEO, Mr. Robert Alvarez serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 73.61% of BIGC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 39.40% of BIGC, in contrast to 27.35% held by mutual funds. Shares owned by individuals account for 15.88%. As the largest shareholder in BIGC with 9.63% of the stake, Darsana Capital Partners LP holds 7,000,000 shares worth 7,000,000. A second-largest stockholder of BIGC, The Vanguard Group, Inc., holds 5,159,969 shares, controlling over 7.10% of the firm’s shares. Echo Street Capital Management LL is the third largest shareholder in BIGC, holding 3,166,998 shares or 4.36% stake. With a 2.23% stake in BIGC, the AB Small Cap Growth Portfolio is the largest stakeholder. A total of 1,618,553 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.20% of BIGC stock, is the second-largest Mutual Fund holder. It holds 1,598,218 shares valued at 25.89 million. iShares Russell 2000 ETF holds 1.96% of the stake in BIGC, owning 1,421,931 shares worth 23.04 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BIGC since 15 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BIGC analysts setting a high price target of $50.00 and a low target of $19.00, the average target price over the next 12 months is $28.08. Based on these targets, BIGC could surge 172.48% to reach the target high and rise by 3.54% to reach the target low. Reaching the average price target will result in a growth of 53.02% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BIGC will report FY 2022 earnings on 02/20/2023. Analysts have provided yearly estimates in a range of -$0.67 being high and -$0.81 being low. For BIGC, this leads to a yearly average estimate of -$0.73. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. BigCommerce Holdings Inc. reported -$0.19 EPS against a consensus estimate of -$0.19. The surprise factor in the prior quarter was -$0.00. Based on analyst estimates, the high estimate for the next quarter is -$0.22 and the low estimate is -$0.25. The average estimate for the next quarter is thus -$0.24.

Summary of Insider Activity:

Insiders traded BIGC stock several times over the past three months with 5 Buys and 21 Sells. In these transactions, 85,798 shares were bought while 255,722 shares were sold. The number of buy transactions has increased to 71 while that of sell transactions has risen to 159 over the past year. The total number of shares bought during that period was 2,677,702 while 7,942,419 shares were sold.

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