According to Fintel, on May 25th, 2023, Piper Sandler reiterated its coverage of BigCommerce Holdings Inc Series 1 (NASDAQ: BIGC) with a Neutral recommendation.
Predicted Price Increase of 47.89%
As of May 11th, 2023, the projected one-year price target for BigCommerce Holdings Inc Series 1 is 10.99, with forecasts ranging from a low of 8.08 to a high of $21.00. This represents an expected increase of 47.89% from the latest reported closing price of 7.43.
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Expected Annual Revenue Growth and Non-GAAP EPS
The projected annual revenue for BigCommerce Holdings Inc Series 1 is 332MM, indicating an increase of 16.47%. The projected annual non-GAAP EPS is -0.52.
Fund Sentiment and Ownership Changes
There are currently 313 funds or institutions reporting positions in BigCommerce Holdings Inc Series 1, which is a decrease of 26 owners or 7.67% from the last quarter. The average portfolio weight of all funds dedicated to BIGC is 0.22%, signifying an increase of 55.09%. Total institutional ownership decreased in the last three months by 0.51% to 61,695K shares. The put/call ratio of BIGC is 0.31, indicating a bullish outlook.
Other Major Shareholders and Recent Changes in Ownership
Wasatch Advisors owns 2,278K shares, equivalent to 3.05% of the company’s ownership. In the previous filing, the firm reported holding 2,236K shares, an increase of 1.83%. The firm decreased its portfolio allocation in BIGC by 3.62% over the last quarter.
Lead Edge Capital Management holds 1,938K shares representing 2.60% ownership of the company. In its previous filing, the firm reported owning 1,165K shares, increasing by 39.90%. The firm increased its portfolio allocation in BIGC by 54.58% over the last quarter. Vanguard Total Stock Market Index Fund Investor Shares holds 1,768K shares representing 2.37% ownership of the company. In its previous filing, the firm reported owning 1,561K shares, increasing by 11.70%. The firm decreased its portfolio allocation in BIGC by 38.24% over the last quarter. Thrivent Financial For Lutherans owns 1,682K shares representing 2.25% ownership of the company. In its previous filing, the firm reported owning 1,513K shares, increasing by 10.04%. The firm increased its portfolio allocation in BIGC by 46,471.17% over the last quarter.
About BigCommerce Holdings Inc Series 1
BigCommerce Holdings Inc operates as a software company providing a SaaS platform for cross-channel commerce and cloud-based e-commerce solution that can be scaled with the growth of a business. BigCommerce Holdings serves customers worldwide.
Key filings for this company:
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
