Analysts Set BigCommerce Holdings, Inc. (NASDAQ:BIGC) PT at $8.44

BigCommerce Holdings, Inc. (NASDAQ:BIGC) has been given a consensus rating of “Hold” by the eight brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $8.44.

Several equities research analysts have issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of BigCommerce in a research note on Monday, December 9th. Stifel Nicolaus cut 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, Barclays increased their price target on shares of BigCommerce from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th.

BigCommerce Stock Performance

NASDAQ BIGC opened at $6.13 on Monday. The company has a market capitalization of $480.47 million, a P/E ratio of -17.03 and a beta of 1.15. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. BigCommerce has a 52-week low of $5.13 and a 52-week high of $10.19. The company has a fifty day moving average of $6.44 and a 200-day moving average of $6.57.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Canada Pension Plan Investment Board bought a new stake in BigCommerce during the 2nd quarter valued at $35,000. Virtu Financial LLC bought a new position in shares of BigCommerce during the third quarter valued at about $61,000. HighTower Advisors LLC boosted its holdings in shares of BigCommerce by 16.8% during the third quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock worth $89,000 after purchasing an additional 2,200 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of BigCommerce by 93.4% in the third quarter. Harbor Capital Advisors Inc. now owns 17,179 shares of the company’s stock worth $100,000 after purchasing an additional 8,297 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new position in BigCommerce during the 3rd quarter valued at about $105,000. Institutional investors own 79.21% of the company’s stock.

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.