BigCommerce Holdings Inc (NASDAQ: BIGC) stock jumped 2.66% on Friday to $9.25 against a previous-day closing price of $9.01. With 0.68 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.83 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $9.31 whereas the lowest price it dropped to was $8.98. The 52-week range on BIGC shows that it touched its highest point at $13.39 and its lowest point at $6.81 during that stretch. It currently has a 1-year price target of $11.27. Beta for the stock currently stands at 0.83.
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 9.86%, but this was down by -3.34% over a month. Three-month performance dropped to -13.23% while six-month performance rose 29.73%. The stock lost -2.01% in the past year, while it has gained 5.84% so far this year. A look at the trailing 12-month EPS for BIGC yields -1.27 with Next year EPS estimates of 0.23. For the next quarter, that number is 0.05. This implies an EPS growth rate of 94.34% for this year and 749.30% for next year. EPS is expected to grow by 5.30% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -30.85%.
Float and Shares Shorts:
At present, 73.94 million BIGC shares are outstanding with a float of 63.45 million shares on hand for trading. On Oct 30, 2023, short shares totaled 5.48 million, which was 7.20% higher than short shares on Sep 28, 2023. In addition to Mr. Brent Bellm as the firm’s Chairman & CEO, Mr. Brian Singh Dhatt serves as its Chief Technology Officer and President of Feedonomics.
Through their ownership of 73.39% of BIGC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 35.38% of BIGC, in contrast to 34.81% held by mutual funds. Shares owned by individuals account for 14.42%. As the largest shareholder in BIGC with 11.66% of the stake, The Vanguard Group, Inc. holds 8,753,760 shares worth 8,753,760. A second-largest stockholder of BIGC, Cadian Capital Management LP, holds 6,648,530 shares, controlling over 8.86% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in BIGC, holding 4,226,303 shares or 5.63% stake. With a 3.16% stake in BIGC, the Wasatch Ultra Growth Fund is the largest stakeholder. A total of 2,370,565 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.64% of BIGC stock, is the second-largest Mutual Fund holder. It holds 1,977,724 shares valued at 17.58 million. Vanguard Small Cap Index Fund holds 2.18% of the stake in BIGC, owning 1,639,617 shares worth 14.58 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BIGC since 0 analysts follow the stock currently. 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 $20.00 and a low target of $8.00, the average target price over the next 12 months is $11.27. Based on these targets, BIGC could surge 116.22% to reach the target high and fall by -13.51% to reach the target low. Reaching the average price target will result in a growth of 21.84% from current levels.
Summary of Insider Activity:
Insiders traded BIGC stock several times over the past three months with 1 Buys and 2 Sells. In these transactions, 272,632 shares were bought while 554 shares were sold. The number of buy transactions has increased to 34 while that of sell transactions has risen to 39 over the past year. The total number of shares bought during that period was 1,171,386 while 1,341,216 shares were sold.