Shares of BigCommerce Holdings (BIGC -4.32%) were falling today after a handful of analysts initiated coverage of the company, with some of them saying the company's share price may be overvalued right now. As a result, BigCommerce's share price fell by as much as 19.8% in morning trading.
Full Answer
Why did BigCommerce's stock drop today?
The combination of the share price for the new stock offering and Foster's sell rating led BigCommerce investors to push the company's stock price down today.
What is the upside for BigCommerce's stock?
Their forecasts range from $36.00 to $85.00. On average, they anticipate BigCommerce's stock price to reach $60.67 in the next year. This suggests a possible upside of 95.6% from the stock's current price. View analysts' price targets for BigCommerce or view top-rated stocks among Wall Street analysts.
Is BigCommerce's stock too volatile to buy?
BigCommerce's stock has been very volatile this year and with today's share price drop, the stock is down 6.8% year to date. Considering that BigCommerce's stock has been very volatile since the company went public back in August, investors should proceed carefully when considering adding BigCommerce to their portfolio.
How much did BigC raise in its IPO?
(BIGC) raised $131 million in an initial public offering on Wednesday, August 5th 2020. The company issued 6,900,000 shares at $18.00-$20.00 per share.
Will BIGC stock go up?
Stock Price Forecast The 13 analysts offering 12-month price forecasts for Bigcommerce Holdings Inc have a median target of 28.00, with a high estimate of 50.00 and a low estimate of 21.00. The median estimate represents a +59.64% increase from the last price of 17.54.
Is BIGC stock a good buy?
Out of 13 analysts, 7 (53.85%) are recommending BIGC as a Strong Buy, 2 (15.38%) are recommending BIGC as a Buy, 4 (30.77%) are recommending BIGC as a Hold, 0 (0%) are recommending BIGC as a Sell, and 0 (0%) are recommending BIGC as a Strong Sell.
What happened BigCommerce?
For the three-month span ending in September, e-commerce support outfit BigCommerce lost $21.3 million on revenue of $59.3 million. Results were better on an adjusted/operating basis, with a more modest loss of $3.8 million, or a loss of $0.06 per share.
Why is BIGC stock falling?
As money left the growth sector, many companies, including BigCommerce Holdings (NASDAQ:BIGC), went through large drops in pricing although their businesses are still performing well. The e-commerce sector has been especially hard hit as the pandemic end indicates a return to pre-pandemic growth rates.
Is BigCommerce undervalued?
Bigcommerce Holdings shows a prevailing Real Value of $27.93 per share. The current price of the firm is $14.02. At this time, the firm appears to be undervalued....USD 14.02 1.41 9.14%LowEstimated ValueHigh9.4615.6021.74
What is the price target for BigCommerce?
Stock Price Target BIGCHigh$50.00Median$28.00Low$21.00Average$28.92Current Price$15.80
What is the difference between BigCommerce and Shopify?
Shopify is best for larger businesses, but BigCommerce is better for very large stores that are only selling online. Both platforms offer tailored, powerful solutions, but BigCommerce is equipped to handle larger scale omnichannel growth.
How many shares of BigCommerce are there?
72.67MBigCommerce Holdings Inc.Volume1.49MShares Outstanding72.67MEPS (TTM)-$1.46P/E Ratio (TTM)N/ADividend YieldN/A7 more rows
What is BigCommerce revenue?
112.1 million USD (2019)BigCommerce / Revenue
What is BigCommerce company?
BigCommerce is a public-traded e-commerce platform offering software-as-a-service (SaaS) services for building and hosting online stores. Over its lifetime, BigCommerce has hosted more than 145,000 websites, and it currently has 52,198 stores active on the platform.
What is big Commerce Holdings?
BigCommerce Holdings, Inc. is an open software-as-a-service (SaaS) ecommerce platform that allows merchants of all sizes to build and grow their businesses online.
Should I buy or sell BigCommerce stock right now?
16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BigCommerce in the last twelve months. There are currently 6 hol...
What is BigCommerce's stock price forecast for 2022?
16 brokers have issued 1 year price targets for BigCommerce's stock. Their forecasts range from $21.00 to $50.00. On average, they anticipate BigCo...
How has BigCommerce's stock performed in 2022?
BigCommerce's stock was trading at $35.37 at the beginning of the year. Since then, BIGC shares have decreased by 51.1% and is now trading at $17.2...
Are investors shorting BigCommerce?
BigCommerce saw a decrease in short interest in May. As of May 31st, there was short interest totaling 6,240,000 shares, a decrease of 21.2% from t...
When is BigCommerce's next earnings date?
BigCommerce is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast for BigComme...
How were BigCommerce's earnings last quarter?
BigCommerce Holdings, Inc. (NASDAQ:BIGC) issued its quarterly earnings data on Monday, May, 2nd. The company reported ($0.31) earnings per share fo...
What guidance has BigCommerce issued on next quarter's earnings?
BigCommerce issued an update on its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of for th...
Who are BigCommerce's key executives?
BigCommerce's management team includes the following people: Mr. Brent Bellm , Chairman, Pres & CEO (Age 50, Pay $1.06M) Mr. Robert Alvarez , C...
Who are some of BigCommerce's key competitors?
Some companies that are related to BigCommerce include Qualys (QLYS) , Coupa Software (COUP) , National Instruments (NATI) , Paycor HCM (PYCR)...
How much did BigCommerce stock gain in 2021?
BigCommerce Holdings, Inc. stock price up 1.98% on Friday (Updated on July 23, 2021) The BigCommerce Holdings, Inc. stock price gained 1.98% on the last trading day (Friday, 23rd Jul 2021), rising from $67.76 to $69.10. , and has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, ...
What is the price target for Bigc in 2021?
On Nov 08, 2021 "Barclays" gave "$66.00 - $67.00" rating for BIGC. The price target was changed from $57.94 to 1.5% .
Is BigCommerce holdings a negative stock?
BigCommerce Holdings, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Is BigCommerce Holdings a buy signal?
The BigCommerce Holdings, Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $55.17 and $52.22. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 09, 2021, and so far it has fallen -21.47%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Investors didn't like the price of the company's latest stock offering
Chris has covered Tech and Telecom companies for The Motley Fool since 2012. Follow him on Twitter for the latest tech stock coverage. Follow @tmfnewsie
What happened
Shares of BigCommerce Holdings ( NASDAQ:BIGC) fell today after the company announced the price of its follow-on stock offering. It's also likely that investors are pushing the stock down after a Citi analyst started coverage of the company today with a sell rating.
So what
BigCommerce announced a follow-on public offering earlier this week, in which the company and some of its management said they would sell some of their Series 1 common stock. Today, the company priced those shares at $68, below yesterday's closing price of $73.32, which appeared to disappoint current shareholders.
Now what
BigCommerce's stock has been very volatile this year and with today's share price drop, the stock is down 6.8% year to date. Considering that BigCommerce's stock has been very volatile since the company went public back in August, investors should proceed carefully when considering adding BigCommerce to their portfolio.
When will BIGC earnings call end?
BIGC earnings call for the period ending September 30, 2021.
What is BigCommerce 2021?
(“BigCommerce”) (Nasdaq: BIGC), a leading Open SaaS ecommerce platform for fast-growing and established brands, today announced the following upcoming investor conference presentations. President, Chief Executive Officer and Chairman Brent Bellm and Chief Financial Officer Robert Alvarez will present and host virtual meetings with institutional investors at the following events: J.P. Morgan Global Technology, Media and Communications Conferences on Tuesday, May 25, 2021 at 4:25 p.m. Eastern Time (3:25 p.m. Central Time)Baird Global Consumer, Technology & Services Conference on Tuesday, June 8, 2021 at 1:25 p.m. Eastern Time (12:25 p.m. Central Time)Stifel Virtual Cross Sector Insight Conference on Thursday, June 10 at 12:40 p.m. Eastern Time (11:40 a.m. Central Time) Live webcasts of the presentations will be accessible from the BigCommerce investor relations website at https://investors.bigcommerce.com. Following the events, replays will be made available at the same location. About BigCommerceBigCommerce (Nasdaq: BIGC) is a leading software-as-a-service (SaaS) ecommerce platform that empowers merchants of all sizes to build, innovate and grow their businesses online. As a leading Open SaaS solution, BigCommerce provides merchants sophisticated enterprise-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2B and B2C companies across 150 countries and numerous industries use BigCommerce to create beautiful, engaging online stores, including Ben & Jerry’s, Molton Brown, S.C. Johnson, Skullcandy, Sony and Vodafone. Headquartered in Austin, BigCommerce has offices in San Francisco, Sydney and London. For more information, please visit www.bigcommerce.com or follow us on Twitter, LinkedIn, Instagram and Facebook. BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners. Media Relations ContactsRachael [email protected] Investor Relations ContactAmit [email protected] 512-865-4599
Does BigCommerce work with Amazon?
BigCommerce rose on Wednesday after the e-commerce software-as-a-service platform unveiled an integration with Amazon's multichannel fulfillment. The project will enable the Austin company's U.S. merchants to complete their orders more easily whether they sell on Amazon or not.
Some analysts indicated the company's stock has gained too much too fast, and investors jumped ship
Chris has covered Tech and Telecom companies for The Motley Fool since 2012. Follow him on Twitter for the latest tech stock coverage. Follow @tmfnewsie
What happened
Shares of BigCommerce Holdings ( NASDAQ:BIGC) were falling today after a handful of analysts initiated coverage of the company, with some of them saying the company's share price may be overvalued right now.
So what
Morgan Stanley analyst Stan Zlotsky initiated coverage of BigCommerce today with an underweight rating and price target of $52. Zlotsky said the rating was "all about the valuation, not the opportunity," but investors reacted negatively to Zlotsky's report and drove down BigCommerce's stock.
Now what
Even with the company's stock price drop today, BigCommerce's shares are still up 50% since the beginning of this month. But today's wild swing shows just how volatile this stock is right now.
