Do You Still Have A Reason To Buy BigCommerce Holdings Inc. (NASDAQ: BIGC) After A -20.73% Drop In The Last Week? – Marketing Sentinel
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Do You Still Have A Reason To Buy BigCommerce Holdings Inc. (NASDAQ: BIGC) After A -20.73% Drop In The Last Week?

During the last session, BigCommerce Holdings Inc. (NASDAQ:BIGC)’s traded shares were 2.43 million. At the end of the trading day, the stock’s price was $14.99, reflecting an intraday gain of 10.95% or $1.48. The 52-week high for the BIGC share is $72.20, that puts it down -381.65 from that peak though still a striking 10.54% gain since the share price plummeted to a 52-week low of $13.41. The company’s market capitalization is $1.10B, and the average trade volume was 1.54 million shares over the past three months.

BigCommerce Holdings Inc. (BIGC) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.20. BIGC has a Sell rating from 0 analyst(s) out of 16 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.12.

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BigCommerce Holdings Inc. (NASDAQ:BIGC) trade information

BigCommerce Holdings Inc. (BIGC) registered a 10.95% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 10.95% in intraday trading to $14.99 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is -20.73%, and it has moved by -27.90% in 30 days. Based on these gigs, the overall price performance for the year is -66.39%.

The consensus price target of analysts on Wall Street is $30.14, which implies an increase of 50.27% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $21.00 and $50.00 respectively. As a result, BIGC is trading at a discount of -233.56% off the target high and -40.09% off the low.

BigCommerce Holdings Inc. (BIGC) estimates and forecasts

Statistics show that BigCommerce Holdings Inc. has underperformed its competitors in share price, compared to the industry in which it operates. BigCommerce Holdings Inc. (BIGC) shares have gone down -74.91% during the last six months, with a year-to-date growth rate less than the industry average at -121.21% against -9.00. In the rating firms’ projections, revenue will increase 42.20% compared to the previous financial year.

Revenue for the current quarter is expected to be $61.82 million as predicted by 14 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to $63.83 million by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $43.14 million and $46.66 million respectively. In this case, analysts expect current quarter sales to grow by 43.30% and then jump by 36.80% in the coming quarter.

While earnings are projected to return -92.30% in 2022, the next five years will return 34.70% per annum.

BIGC Dividends

BigCommerce Holdings Inc. is due to release its next quarterly earnings between April 18 and April 22. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

BigCommerce Holdings Inc. (NASDAQ:BIGC)’s Major holders

BigCommerce Holdings Inc. insiders own 14.65% of total outstanding shares while institutional holders control 87.21%, with the float percentage being 102.17%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 290 institutions own stock in it. As of Sep 29, 2021, the company held over 5.08 million shares (or 7.09% of all shares), a total value of $257.28 million in shares.

The next largest institutional holding, with 4.7 million shares, is of Matrix Capital Management’s that is approximately 6.56% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $238.01 million.

Also, the Mutual Funds coming in first place with the largest holdings of BigCommerce Holdings Inc. (BIGC) shares are Vanguard Total Stock Market Index Fund and Alger Small Cap Focus Fund. Data provided on Sep 29, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 1.52 million shares. This amounts to just over 2.12 percent of the company’s overall shares, with a $76.72 million market value. The same data shows that the other fund manager holds slightly less at 1.37 million, or about 1.91% of the stock, which is worth about $63.36 million.

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