BigCommerce Holdings, Inc. (NASDAQ:BIGC) Receives $8.81 Average Price Target from Brokerages

BigCommerce Holdings, Inc. (NASDAQ:BIGC - Get Free Report) has received a consensus recommendation of "Hold" from the eight brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $8.81.

A number of research analysts have commented on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $14.00 price target on shares of BigCommerce in a research report on Thursday, October 3rd. Barclays lowered their price target on BigCommerce from $8.00 to $7.00 and set an "equal weight" rating for the company in a research report on Monday, August 5th. Stifel Nicolaus lowered their price target on BigCommerce from $10.00 to $8.00 and set a "buy" rating for the company in a research report on Thursday, October 3rd. Finally, Bank of America decreased their target price on BigCommerce from $8.00 to $6.00 and set an "underperform" rating for the company in a research report on Thursday, August 29th.

BigCommerce Trading Up 0.1 %

BIGC traded up $0.01 during midday trading on Thursday, reaching $7.41. 1,136,537 shares of the company's stock traded hands, compared to its average volume of 807,173. The firm has a fifty day moving average of $5.94 and a two-hundred day moving average of $6.73. The stock has a market capitalization of $580.80 million, a price-to-earnings ratio of -20.58 and a beta of 0.99. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81. BigCommerce has a 52 week low of $5.13 and a 52 week high of $10.19.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board purchased a new stake in shares of BigCommerce in the 2nd quarter worth approximately $35,000. Virtu Financial LLC purchased a new stake in shares of BigCommerce in the 3rd quarter worth approximately $61,000. AQR Capital Management LLC purchased a new stake in shares of BigCommerce in the 2nd quarter worth approximately $121,000. HighTower Advisors LLC grew its stake in shares of BigCommerce by 16.8% in the 3rd quarter. HighTower Advisors LLC now owns 15,310 shares of the company's stock worth $89,000 after buying an additional 2,200 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of BigCommerce in the 3rd quarter worth approximately $920,000. 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.