BigCommerce Holdings, Inc. (NASDAQ:BIGC) Receives $8.31 Average PT from Analysts

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) have been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $8.31.

A number of equities analysts recently commented on the company. Barclays downgraded BigCommerce from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $8.00 to $7.00 in a research note on Friday, January 10th. 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, Needham & Company LLC reissued a “buy” rating and set a $10.00 price target on shares of BigCommerce in a research report on Monday, December 9th.

Institutional Trading of BigCommerce

Several hedge funds have recently made changes to their positions in BIGC. 272 Capital LP increased its position in BigCommerce by 19.9% in the third quarter. 272 Capital LP now owns 1,060,455 shares of the company’s stock worth $6,204,000 after buying an additional 175,705 shares during the period. Franklin Resources Inc. grew its position in shares of BigCommerce by 1.8% during the third quarter. Franklin Resources Inc. now owns 1,932,149 shares of the company’s stock worth $10,859,000 after acquiring an additional 35,016 shares during the last quarter. Virtu Financial LLC bought a new stake in BigCommerce in the 3rd quarter valued at about $61,000. Barclays PLC lifted its position in BigCommerce by 154.9% in the 3rd quarter. Barclays PLC now owns 116,667 shares of the company’s stock valued at $682,000 after purchasing an additional 70,902 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in BigCommerce by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,600,219 shares of the company’s stock valued at $9,363,000 after purchasing an additional 21,105 shares during the period. Institutional investors own 79.21% of the company’s stock.

BigCommerce Price Performance

BIGC opened at $6.13 on Friday. The company has a market capitalization of $480.47 million, a P/E ratio of -17.03 and a beta of 1.18. The company has a 50-day moving average of $6.64 and a 200-day moving average of $6.37. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. BigCommerce has a 1-year low of $5.13 and a 1-year high of $8.98.

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.