Analysts Set BigCommerce Holdings, Inc. (NASDAQ:BIGC) Price Target at $9.31

BigCommerce Holdings, Inc. (NASDAQ:BIGC) has been given an average recommendation of “Hold” by the eight ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $9.31.

Several analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 price objective on shares of BigCommerce in a research report on Wednesday, August 28th. Bank of America reduced their price target on BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a research note on Thursday, August 29th. Finally, Barclays lowered their price objective on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BIGC. Canada Pension Plan Investment Board bought a new position in BigCommerce in the 2nd quarter valued at approximately $35,000. Acadian Asset Management LLC purchased a new position in shares of BigCommerce in the first quarter worth $80,000. Virtu Financial LLC bought a new position in shares of BigCommerce during the first quarter valued at $104,000. AQR Capital Management LLC purchased a new stake in shares of BigCommerce during the second quarter valued at $121,000. Finally, Bayesian Capital Management LP bought a new stake in BigCommerce in the 1st quarter worth about $144,000. Institutional investors own 79.21% of the company’s stock.

BigCommerce Price Performance

Shares of BIGC stock opened at $5.75 on Friday. The company has a debt-to-equity ratio of 13.04, a quick ratio of 4.51 and a current ratio of 4.51. BigCommerce has a fifty-two week low of $5.35 and a fifty-two week high of $10.48. The firm has a market cap of $444.33 million, a P/E ratio of -8.98 and a beta of 0.98. The business’s 50 day moving average price is $6.58 and its 200-day moving average price is $7.01.

BigCommerce (NASDAQ:BIGC) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. BigCommerce had a negative net margin of 12.68% and a negative return on equity of 82.39%. The business had revenue of $81.83 million for the quarter, compared to analysts’ expectations of $81.13 million. During the same quarter in the previous year, the business posted ($0.17) earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities research analysts anticipate that BigCommerce will post -0.3 earnings per share for the current year.

About BigCommerce

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.