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

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) have been given a consensus rating of “Hold” by the eight brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $8.81.

Several research analysts recently weighed in on the company. Bank of America cut their target price on 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 cut their target price on BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Barclays cut their target price on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $14.00 price objective on shares of BigCommerce in a research report on Thursday, October 3rd.

BigCommerce Price Performance

BIGC stock opened at $5.28 on Friday. BigCommerce has a 52-week low of $5.13 and a 52-week high of $10.29. The stock’s fifty day simple moving average is $5.71 and its 200-day simple moving average is $6.71. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 13.04. The stock has a market capitalization of $410.52 million, a price-to-earnings ratio of -9.78 and a beta of 0.99.

Institutional Trading of BigCommerce

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Aigen Investment Management LP purchased a new stake in shares of BigCommerce during the third quarter worth about $105,000. Harbor Capital Advisors Inc. increased its position in shares of BigCommerce by 93.4% during the third quarter. Harbor Capital Advisors Inc. now owns 17,179 shares of the company’s stock worth $100,000 after acquiring an additional 8,297 shares during the last quarter. Horrell Capital Management Inc. acquired a new position in BigCommerce in the third quarter worth about $439,000. International Assets Investment Management LLC acquired a new position in BigCommerce in the third quarter worth about $920,000. Finally, Sanctuary Advisors LLC acquired a new position in BigCommerce in the second quarter worth about $258,000. 79.21% of the stock is owned by hedge funds and other institutional investors.

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.