BigCommerce Holdings, Inc. (NASDAQ:BIGC) Receives $8.81 Consensus Price Target from Brokerages

BigCommerce Holdings, Inc. (NASDAQ:BIGC) has been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the firm, 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 12 month target price among brokerages that have updated their coverage on the stock in the last year is $8.81.

A number of research analysts have weighed in on BIGC shares. Barclays dropped their price objective on shares of BigCommerce from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Stifel Nicolaus dropped their price target on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Bank of America decreased their price objective on BigCommerce from $8.00 to $6.00 and set an “underperform” rating for the company in a report on Thursday, August 29th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $14.00 price objective on shares of BigCommerce in a research note on Thursday, October 3rd.

BigCommerce Price Performance

Shares of BIGC opened at $5.67 on Wednesday. The firm has a market cap of $440.84 million, a PE ratio of -10.50 and a beta of 0.98. BigCommerce has a 52-week low of $5.35 and a 52-week high of $10.29. The company has a debt-to-equity ratio of 13.04, a quick ratio of 4.51 and a current ratio of 4.51. The business’s 50 day moving average price is $5.80 and its two-hundred day moving average price is $6.81.

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

Hedge Funds Weigh In On BigCommerce

Hedge funds and other institutional investors have recently modified their holdings of the business. Susquehanna Fundamental Investments LLC lifted its holdings in BigCommerce by 222.0% during the first quarter. Susquehanna Fundamental Investments LLC now owns 124,498 shares of the company’s stock worth $858,000 after acquiring an additional 85,840 shares during the period. Vanguard Group Inc. raised its stake in shares of BigCommerce by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 9,705,856 shares of the company’s stock worth $94,438,000 after purchasing an additional 762,437 shares during the period. Divisar Capital Management LLC purchased a new position in shares of BigCommerce in the 2nd quarter worth about $4,274,000. Clearline Capital LP grew its position in BigCommerce by 27.3% during the second quarter. Clearline Capital LP now owns 949,931 shares of the company’s stock valued at $7,656,000 after buying an additional 203,785 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in BigCommerce during the first quarter worth about $564,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.

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.