BigCommerce Holdings, Inc. (NASDAQ:BIGC) Receives Consensus Recommendation of “Hold” from Analysts

BigCommerce Holdings, Inc. (NASDAQ:BIGC) has earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $8.81.

Several brokerages have weighed in on BIGC. Barclays cut their price target on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Stifel Nicolaus dropped their price objective on BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Bank of America dropped their price objective on BigCommerce from $8.00 to $6.00 and set an “underperform” rating for the company in a report on Thursday, August 29th. Finally, Needham & Company LLC restated a “buy” rating and set a $14.00 price objective on shares of BigCommerce in a report on Thursday, October 3rd.

BigCommerce Trading Up 0.1 %

Shares of BIGC opened at $7.41 on Thursday. The stock has a fifty day moving average of $5.91 and a two-hundred day moving average of $6.73. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. The company has a market capitalization of $580.80 million, a PE ratio of -20.58 and a beta of 0.99. BigCommerce has a fifty-two week low of $5.13 and a fifty-two week high of $10.19.

Institutional Trading of BigCommerce

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in BigCommerce by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 10,278,252 shares of the company’s stock worth $70,817,000 after purchasing an additional 572,396 shares during the period. Divisar Capital Management LLC purchased a new stake in BigCommerce during the 2nd quarter worth $4,274,000. Clearline Capital LP boosted its position in BigCommerce by 27.3% during the 2nd 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 during the period. Algert Global LLC boosted its position in BigCommerce by 89.4% during the 2nd quarter. Algert Global LLC now owns 267,850 shares of the company’s stock worth $2,159,000 after purchasing an additional 126,443 shares during the period. Finally, Virtu Financial LLC purchased a new position in BigCommerce in the 1st quarter valued at about $104,000. 79.21% of the stock is 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.