BigCommerce (NASDAQ:BIGC – Free Report) had its price target cut by Barclays from $10.00 to $7.00 in a report issued on Monday, Benzinga reports. They currently have an equal weight rating on the stock.
A number of other research analysts have also recently commented on BIGC. Bank of America reissued an underperform rating and issued a $7.50 price target (down from $11.00) on shares of BigCommerce in a report on Monday, March 25th. Truist Financial reduced their price objective on BigCommerce from $10.00 to $9.00 and set a hold rating on the stock in a research note on Friday, February 23rd. Needham & Company LLC reissued a buy rating and set a $20.00 target price on shares of BigCommerce in a research report on Tuesday, January 30th. The Goldman Sachs Group downgraded BigCommerce from a buy rating to a neutral rating and cut their target price for the company from $11.50 to $9.50 in a research report on Monday, February 5th. Finally, Piper Sandler cut their target price on BigCommerce from $11.00 to $9.00 and set a neutral rating on the stock in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, BigCommerce has a consensus rating of Hold and a consensus price target of $10.50.
Check Out Our Latest Stock Analysis on BigCommerce
BigCommerce Stock Down 3.7 %
Hedge Funds Weigh In On BigCommerce
Several hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its holdings in shares of BigCommerce by 93.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,711 shares of the company’s stock worth $37,000 after buying an additional 1,792 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of BigCommerce in the 3rd quarter worth $74,000. Advisors Asset Management Inc. lifted its holdings in shares of BigCommerce by 81.9% in the 1st quarter. Advisors Asset Management Inc. now owns 3,716 shares of the company’s stock worth $81,000 after buying an additional 1,673 shares during the period. State of Wyoming lifted its holdings in shares of BigCommerce by 291.0% in the 4th quarter. State of Wyoming now owns 10,779 shares of the company’s stock worth $94,000 after buying an additional 8,022 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of BigCommerce in the 4th quarter worth $97,000. Institutional investors 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.
Featured Articles
- Five stocks we like better than BigCommerce
- P/E Ratio Calculation: How to Assess Stocks
- The Charles Schwab Company Can Hit New Highs
- What is the Euro STOXX 50 Index?
- Costco vs. Walmart: Revenue Comparison of Two Retail Giants
- Options Trading – Understanding Strike Price
- 3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
Receive News & Ratings for BigCommerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BigCommerce and related companies with MarketBeat.com's FREE daily email newsletter.