BigCommerce Holdings, Inc. (NASDAQ:BIGC – Get Free Report)’s share price fell 6.5% on Thursday . The stock traded as low as $7.19 and last traded at $7.20. 268,674 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 812,502 shares. The stock had previously closed at $7.70.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the company. Stifel Nicolaus lowered their target price on BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Barclays lifted their price objective on BigCommerce from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Needham & Company LLC reissued a “buy” rating and set a $10.00 target price on shares of BigCommerce in a research report on Monday, December 9th. Finally, Bank of America dropped their price target on shares of BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, BigCommerce presently has an average rating of “Hold” and an average target price of $8.44.
Read Our Latest Analysis on BIGC
BigCommerce Stock Performance
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board bought a new stake in shares of BigCommerce in the second quarter valued at approximately $35,000. Virtu Financial LLC bought a new stake in BigCommerce during the 3rd quarter valued at $61,000. HighTower Advisors LLC raised its holdings in BigCommerce by 16.8% during the 3rd 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 period. Harbor Capital Advisors Inc. boosted its holdings in shares of BigCommerce by 93.4% in 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 period. Finally, Aigen Investment Management LP purchased a new position in shares of BigCommerce in the third quarter valued at $105,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.
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.
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