BigCommerce Holdings, Inc. (NASDAQ:BIGC) Receives $8.44 Consensus Target Price from Analysts

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Get Free Report) have earned a consensus rating of "Hold" from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $8.44.

BIGC has been the subject of several analyst reports. Bank of America decreased their price target on shares of BigCommerce from $8.00 to $6.00 and set an "underperform" rating for the company in a research report on Thursday, August 29th. Stifel Nicolaus decreased their target price on shares of 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 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. Finally, Needham & Company LLC reiterated a "buy" rating and set a $10.00 price objective on shares of BigCommerce in a report on Monday, December 9th.

Institutional Investors Weigh In On BigCommerce

Large investors have recently made changes to their positions in the stock. Divisar Capital Management LLC acquired a new stake in BigCommerce during the 2nd quarter worth about $4,274,000. Clearline Capital LP boosted its position in BigCommerce by 27.3% in the second quarter. Clearline Capital LP now owns 949,931 shares of the company's stock valued at $7,656,000 after buying an additional 203,785 shares during the last quarter. Algert Global LLC boosted its position in BigCommerce by 89.4% in the second quarter. Algert Global LLC now owns 267,850 shares of the company's stock valued at $2,159,000 after buying an additional 126,443 shares during the last quarter. Walleye Capital LLC acquired a new position in BigCommerce in the 3rd quarter worth approximately $170,000. Finally, 272 Capital LP raised its position in BigCommerce by 40.0% during the 2nd 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 during the last quarter. 79.21% of the stock is owned by hedge funds and other institutional investors.

BigCommerce Stock Up 1.8 %

BigCommerce stock traded up $0.11 during mid-day trading on Monday, reaching $6.29. 1,018,242 shares of the company were exchanged, compared to its average volume of 822,322. BigCommerce has a 12-month low of $5.13 and a 12-month high of $10.19. The business has a fifty day moving average of $6.39 and a 200 day moving average of $6.61. The firm has a market cap of $493.01 million, a P/E ratio of -17.47 and a beta of 1.15. 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 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.