BigCommerce Holdings, Inc. (NASDAQ:BIGC – Get Free Report) has received an average recommendation 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, six have issued a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $11.13.
BIGC has been the subject of several recent analyst reports. Truist Financial decreased their price target on BigCommerce from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. Needham & Company LLC restated a “buy” rating and issued a $20.00 price objective on shares of BigCommerce in a report on Tuesday, January 30th. Bank of America restated an “underperform” rating and issued a $7.50 price objective (down previously from $11.00) on shares of BigCommerce in a report on Monday. Piper Sandler cut their price objective on BigCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Finally, The Goldman Sachs Group lowered BigCommerce from a “buy” rating to a “neutral” rating and cut their price objective for the company from $11.50 to $9.50 in a report on Monday, February 5th.
Check Out Our Latest Stock Report on BIGC
BigCommerce Price Performance
Institutional Investors Weigh In On BigCommerce
Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of BigCommerce by 80.9% in the first quarter. JPMorgan Chase & Co. now owns 191,173 shares of the company’s stock worth $4,188,000 after purchasing an additional 85,493 shares during the period. Raymond James & Associates increased its holdings in shares of BigCommerce by 87.0% during the first quarter. Raymond James & Associates now owns 10,848 shares of the company’s stock valued at $238,000 after acquiring an additional 5,048 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of BigCommerce by 3.7% during the first quarter. Bank of New York Mellon Corp now owns 625,583 shares of the company’s stock valued at $13,707,000 after acquiring an additional 22,357 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of BigCommerce by 14.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,621 shares of the company’s stock valued at $518,000 after acquiring an additional 2,911 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of BigCommerce by 8.2% during the first quarter. HighTower Advisors LLC now owns 18,730 shares of the company’s stock valued at $414,000 after acquiring an additional 1,425 shares in the last quarter. Institutional investors own 79.21% of the company’s stock.
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.
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