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

BigCommerce Holdings, Inc. (NASDAQ:BIGC) has been given a consensus rating of “Hold” by the eight research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $8.81.

A number of research firms have weighed in on BIGC. Stifel Nicolaus decreased their target price on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Barclays reduced 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 report on Monday, August 5th. Bank of America reduced their price target 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. Finally, 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.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BIGC. Vanguard Group Inc. lifted its stake in BigCommerce by 8.5% during the fourth quarter. Vanguard Group Inc. now owns 9,705,856 shares of the company’s stock worth $94,438,000 after purchasing an additional 762,437 shares in the last quarter. Divisar Capital Management LLC acquired a new position in BigCommerce during the second quarter worth $4,274,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in BigCommerce by 196.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 387,745 shares of the company’s stock worth $2,268,000 after purchasing an additional 256,783 shares in the last quarter. 272 Capital LP lifted its stake in BigCommerce by 40.0% during the second quarter. 272 Capital LP now owns 884,750 shares of the company’s stock worth $7,131,000 after purchasing an additional 252,946 shares in the last quarter. Finally, Clearline Capital LP increased its position in shares of BigCommerce by 27.3% during the second quarter. Clearline Capital LP now owns 949,931 shares of the company’s stock worth $7,656,000 after acquiring an additional 203,785 shares during the period. 79.21% of the stock is currently owned by institutional investors and hedge funds.

BigCommerce Stock Down 0.6 %

BIGC opened at $6.23 on Friday. The company has a debt-to-equity ratio of 13.04, a current ratio of 4.51 and a quick ratio of 4.51. The company’s 50 day simple moving average is $5.72 and its two-hundred day simple moving average is $6.69. BigCommerce has a 1-year low of $5.13 and a 1-year high of $10.19.

BigCommerce (NASDAQ:BIGC) last released its earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.05. BigCommerce had a negative net margin of 12.68% and a negative return on equity of 82.39%. The business had revenue of $83.71 million for the quarter, compared to analyst estimates of $83.04 million. Research analysts anticipate that BigCommerce will post -0.3 earnings per share for the current year.

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.