BigCommerce Holdings, Inc. (NASDAQ:BIGC) Receives $8.31 Consensus Target Price from Brokerages

BigCommerce Holdings, Inc. (NASDAQ:BIGC) has received an average rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $8.31.

Several research firms have recently weighed in on BIGC. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of BigCommerce in a research report on Monday, December 9th. Stifel Nicolaus lowered their price target on BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Finally, Barclays downgraded BigCommerce from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $8.00 to $7.00 in a research report on Friday, January 10th.

BigCommerce Stock Performance

Shares of NASDAQ:BIGC opened at $6.13 on Friday. The company has a market capitalization of $480.47 million, a price-to-earnings ratio of -17.03 and a beta of 1.18. The firm’s 50-day moving average is $6.64 and its 200 day moving average is $6.40. BigCommerce has a 12 month low of $5.13 and a 12 month high of $8.98. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. 272 Capital LP increased its position in shares of BigCommerce by 19.9% during the third quarter. 272 Capital LP now owns 1,060,455 shares of the company’s stock worth $6,204,000 after purchasing an additional 175,705 shares in the last quarter. Franklin Resources Inc. raised its stake in BigCommerce by 1.8% in the third quarter. Franklin Resources Inc. now owns 1,932,149 shares of the company’s stock valued at $10,859,000 after buying an additional 35,016 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of BigCommerce during the third quarter worth about $61,000. Barclays PLC boosted its stake in BigCommerce by 154.9% in the 3rd quarter. Barclays PLC now owns 116,667 shares of the company’s stock worth $682,000 after purchasing an additional 70,902 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in BigCommerce by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,600,219 shares of the company’s stock worth $9,363,000 after purchasing an additional 21,105 shares during 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.