BigCommerce Holdings, Inc. (NASDAQ:BIGC) Receives $11.64 Consensus Target Price from Analysts

BigCommerce Holdings, Inc. (NASDAQ:BIGCGet 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

Shares of BIGC opened at $6.92 on Friday. BigCommerce has a 12 month low of $6.79 and a 12 month high of $12.75. The company has a market cap of $530.07 million, a P/E ratio of -8.05 and a beta of 0.82. The stock has a fifty day moving average price of $7.99 and a 200 day moving average price of $8.89. The company has a debt-to-equity ratio of 13.30, a current ratio of 4.83 and a quick ratio of 4.83.

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

(Get Free Report

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.

See Also

Analyst Recommendations for BigCommerce (NASDAQ:BIGC)

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