Analysts Set BigCommerce Holdings, Inc. (NASDAQ:BIGC) Price Target at $8.14

BigCommerce Holdings, Inc. (NASDAQ:BIGC - Get Free Report) has been assigned a consensus rating of "Hold" from the seven ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $8.14.

A number of equities research analysts have recently issued reports on the stock. Barclays cut shares of BigCommerce from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $8.00 to $7.00 in a research note on Friday, January 10th. Needham & Company LLC reaffirmed a "buy" rating and issued a $10.00 price objective on shares of BigCommerce in a research note on Monday, December 9th.

Institutional Investors Weigh In On BigCommerce

Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC boosted its position in BigCommerce by 154.9% during the 3rd quarter. Barclays PLC now owns 116,667 shares of the company's stock valued at $682,000 after buying an additional 70,902 shares during the period. Jane Street Group LLC raised its holdings in BigCommerce by 88.2% in the 3rd quarter. Jane Street Group LLC now owns 206,265 shares of the company's stock worth $1,207,000 after purchasing an additional 96,667 shares in the last quarter. Walleye Capital LLC bought a new position in BigCommerce in the 3rd quarter worth $170,000. International Assets Investment Management LLC bought a new position in BigCommerce in the 3rd quarter worth $920,000. Finally, Intech Investment Management LLC bought a new position in BigCommerce in the 3rd quarter worth $112,000. Hedge funds and other institutional investors own 79.21% of the company's stock.

BigCommerce Price Performance

Shares of NASDAQ:BIGC traded down $0.09 during trading on Tuesday, reaching $6.96. The company had a trading volume of 788,712 shares, compared to its average volume of 695,874. BigCommerce has a 12 month low of $5.13 and a 12 month high of $8.94. The stock has a market capitalization of $545.52 million, a P/E ratio of -19.33 and a beta of 1.18. The company has a fifty day moving average of $6.49 and a two-hundred day moving average of $6.21. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48.

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.