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

BigCommerce Holdings, Inc. (NASDAQ:BIGC) has been given an average recommendation of “Hold” by the eight research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $8.44.

A number of research firms recently weighed in on BIGC. Stifel Nicolaus lowered their target price on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price objective on shares of BigCommerce in a research note on Monday, December 9th. Finally, Barclays boosted 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.

Institutional Trading of BigCommerce

Several hedge funds have recently made changes to their positions in the company. Clearline Capital LP raised its holdings in BigCommerce by 69.7% during the 3rd quarter. Clearline Capital LP now owns 1,611,619 shares of the company’s stock valued at $9,428,000 after acquiring an additional 661,688 shares during the period. Divisar Capital Management LLC purchased a new position in shares of BigCommerce during the 2nd quarter valued at $4,274,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of BigCommerce by 196.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 387,745 shares of the company’s stock worth $2,268,000 after purchasing an additional 256,783 shares during the period. 272 Capital LP raised its position in shares of BigCommerce by 40.0% in the second quarter. 272 Capital LP now owns 884,750 shares of the company’s stock worth $7,131,000 after buying an additional 252,946 shares in the last quarter. Finally, Algert Global LLC boosted its stake in BigCommerce by 67.7% during the third quarter. Algert Global LLC now owns 449,072 shares of the company’s stock valued at $2,627,000 after buying an additional 181,222 shares during the period. 79.21% of the stock is currently owned by institutional investors.

BigCommerce Stock Performance

BIGC opened at $6.13 on Monday. BigCommerce has a 1-year low of $5.13 and a 1-year high of $10.19. The company has a market cap of $480.47 million, a price-to-earnings ratio of -17.03 and a beta of 1.15. The company’s fifty day moving average price is $6.44 and its two-hundred day moving average price is $6.55. 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 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.