BigCommerce Holdings, Inc. (NASDAQ:BIGC) Receives $10.50 Consensus Target Price from Brokerages

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) have been assigned an average rating of “Hold” from the eight brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $10.25.

BIGC has been the subject of a number of recent research reports. Morgan Stanley cut their target price on BigCommerce from $10.00 to $8.00 and set an “equal weight” rating for the company in a research note on Wednesday. Barclays cut their price objective on BigCommerce from $10.00 to $7.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. Truist Financial cut their price objective on BigCommerce from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Friday, February 23rd. Piper Sandler cut their price objective on BigCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, February 23rd. Finally, Bank of America reissued an “underperform” rating and set a $7.50 price objective (down from $11.00) on shares of BigCommerce in a research report on Monday, March 25th.

BigCommerce Stock Down 0.8 %

Shares of BIGC opened at $5.89 on Wednesday. BigCommerce has a 52-week low of $5.81 and a 52-week high of $12.75. The company has a market capitalization of $451.17 million, a PE ratio of -6.85 and a beta of 0.80. The stock has a fifty day simple moving average of $7.27 and a two-hundred day simple moving average of $8.42. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 13.30.

Hedge Funds Weigh In On BigCommerce

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in BigCommerce by 93.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,711 shares of the company’s stock valued at $37,000 after acquiring an additional 1,792 shares during the period. Lazard Asset Management LLC purchased a new position in shares of BigCommerce in the 3rd quarter valued at about $74,000. Advisors Asset Management Inc. boosted its stake 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 valued at $81,000 after buying an additional 1,673 shares during the period. State of Wyoming boosted its stake in shares of BigCommerce by 291.0% in the 4th quarter. State of Wyoming now owns 10,779 shares of the company’s stock valued at $94,000 after buying an additional 8,022 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of BigCommerce in the 4th quarter valued at about $97,000. 79.21% of the stock is currently owned by hedge funds and other institutional investors.

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.