Brokerages Set BigCommerce Holdings, Inc. (NASDAQ:BIGC) Target Price at $8.44

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) have received a consensus rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $8.44.

Several brokerages have commented on BIGC. Barclays lifted their price target on BigCommerce from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Bank of America dropped their target price on shares of BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a research report on Thursday, August 29th. Stifel Nicolaus reduced their price target on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $10.00 price objective on shares of BigCommerce in a report on Monday, December 9th.

Institutional Trading of BigCommerce

Several institutional investors have recently made changes to their positions in BIGC. Canada Pension Plan Investment Board acquired a new position in BigCommerce in the second quarter worth about $35,000. Virtu Financial LLC acquired a new stake in BigCommerce in the 3rd quarter valued at $61,000. AQR Capital Management LLC bought a new stake in BigCommerce in the second quarter valued at $121,000. HighTower Advisors LLC raised its stake in BigCommerce by 16.8% during the third quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock worth $89,000 after acquiring an additional 2,200 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of BigCommerce during the third quarter valued at $920,000. 79.21% of the stock is currently owned by institutional investors and hedge funds.

BigCommerce Trading Down 0.2 %

BigCommerce stock opened at $6.28 on Monday. BigCommerce has a 52 week low of $5.13 and a 52 week high of $10.19. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. The firm has a market capitalization of $492.23 million, a PE ratio of -17.44 and a beta of 1.15. The business’s 50-day simple moving average is $6.42 and its 200-day simple moving average is $6.58.

BigCommerce Company Profile

BigCommerce Holdings, Inc operates a software-as-a-service platform for enterprises, small businesses, and mid-markets in the United States, North and South America, Europe, the Middle East, Africa, and the AsiaPacific. The company provides a platform for launching and scaling an ecommerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integration into third-party services.