BigCommerce Holdings, Inc. (NASDAQ:BIGC) Given Average Rating of “Hold” by Analysts

BigCommerce Holdings, Inc. (NASDAQ:BIGC) has earned an average recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One 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 target price among brokers that have issued a report on the stock in the last year is $8.44.

A number of equities analysts have recently commented on the stock. Barclays increased their price target on shares of BigCommerce from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Bank of America reduced their target price on BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a research note on Thursday, August 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of BigCommerce in a research note on Monday, December 9th. Finally, Stifel Nicolaus reduced their price objective on BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board bought a new stake in BigCommerce during the 2nd quarter valued at $35,000. Virtu Financial LLC bought a new position in shares of BigCommerce during the third quarter valued at about $61,000. HighTower Advisors LLC raised its stake in shares of BigCommerce by 16.8% during the third quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock valued at $89,000 after acquiring an additional 2,200 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings 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 purchasing an additional 8,297 shares during the period. Finally, Aigen Investment Management LP purchased a new position in BigCommerce during the 3rd quarter valued at about $105,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.

BigCommerce Stock Down 1.0 %

BIGC stock opened at $6.18 on Monday. The company’s 50 day moving average is $6.39 and its 200 day moving average is $6.62. The stock has a market cap of $484.39 million, a price-to-earnings ratio of -17.17 and a beta of 1.15. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. BigCommerce has a 1-year low of $5.13 and a 1-year high of $10.19.

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.