Analysts Set BigCommerce Holdings, Inc. (NASDAQ:BIGC) Target Price at $8.81

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Get Free Report) have been given an average recommendation of "Hold" by the eight brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $8.81.

A number of equities analysts recently weighed in on the stock. Bank of America lowered their price objective on shares of BigCommerce from $8.00 to $6.00 and set an "underperform" rating on the stock in a research report on Thursday, August 29th. Barclays dropped their price target on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Monday, August 5th. Stifel Nicolaus reduced their price objective 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. Finally, Needham & Company LLC reissued a "buy" rating and set a $14.00 target price on shares of BigCommerce in a research note on Thursday, October 3rd.

BigCommerce Stock Performance

Shares of BigCommerce stock traded up $0.02 during trading on Friday, reaching $5.26. The company's stock had a trading volume of 631,629 shares, compared to its average volume of 690,630. The firm has a market cap of $408.97 million, a PE ratio of -9.74 and a beta of 0.99. The company has a 50-day moving average price of $5.73 and a two-hundred day moving average price of $6.71. The company has a current ratio of 4.51, a quick ratio of 4.51 and a debt-to-equity ratio of 13.04. BigCommerce has a fifty-two week low of $5.22 and a fifty-two week high of $10.29.

BigCommerce (NASDAQ:BIGC - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The firm had revenue of $81.83 million for the quarter, compared to analysts' expectations of $81.13 million. BigCommerce had a negative return on equity of 82.39% and a negative net margin of 12.68%. The firm's revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.17) EPS. On average, analysts forecast that BigCommerce will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BIGC. Canada Pension Plan Investment Board purchased a new position in BigCommerce during the second quarter worth $35,000. Acadian Asset Management LLC acquired a new stake in shares of BigCommerce in the first quarter worth approximately $80,000. Harbor Capital Advisors Inc. grew its holdings in BigCommerce by 93.4% in the third quarter. Harbor Capital Advisors Inc. now owns 17,179 shares of the company's stock valued at $100,000 after purchasing an additional 8,297 shares during the period. Virtu Financial LLC acquired a new position in BigCommerce during the first quarter worth approximately $104,000. Finally, AQR Capital Management LLC purchased a new position in BigCommerce during the second quarter worth approximately $121,000. Institutional investors and hedge funds own 79.21% of the company's stock.

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.