BigCommerce Holdings, Inc. (NASDAQ:BIGC) Receives $8.81 Consensus Target Price from Brokerages

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

A number of analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $14.00 target price on shares of BigCommerce in a research report on Thursday, October 3rd. Barclays lowered their price objective on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Stifel Nicolaus dropped their target price on BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, Bank of America decreased their price target on BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a research note on Thursday, August 29th.

BigCommerce Price Performance

NASDAQ:BIGC opened at $7.27 on Thursday. The firm has a market cap of $569.82 million, a price-to-earnings ratio of -20.19 and a beta of 0.99. BigCommerce has a 12-month low of $5.13 and a 12-month high of $10.19. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. The company’s 50-day moving average is $5.96 and its two-hundred day moving average is $6.72.

Institutional Investors Weigh In On BigCommerce

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of BigCommerce by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 10,278,252 shares of the company’s stock valued at $70,817,000 after acquiring an additional 572,396 shares during the period. Divisar Capital Management LLC purchased a new position in BigCommerce in the second quarter valued at about $4,274,000. Clearline Capital LP lifted its stake 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 purchasing an additional 203,785 shares in the last quarter. Algert Global LLC boosted its position in shares of BigCommerce by 89.4% in the second quarter. Algert Global LLC now owns 267,850 shares of the company’s stock worth $2,159,000 after buying an additional 126,443 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of BigCommerce in the first quarter valued at about $104,000. 79.21% of the stock is currently owned by institutional investors and hedge funds.

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.