BigCommerce Holdings, Inc. (NASDAQ:BIGC) Receives Average Rating of “Hold” from Brokerages

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) have received an average rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $8.14.

A number of brokerages recently weighed in on BIGC. Barclays downgraded BigCommerce from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $8.00 to $7.00 in a research report on Friday, January 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price objective on shares of BigCommerce in a research report on Monday, December 9th.

Institutional Investors Weigh In On BigCommerce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Divisar Capital Management LLC raised its stake in BigCommerce by 48.5% in the fourth quarter. Divisar Capital Management LLC now owns 1,872,031 shares of the company’s stock valued at $11,457,000 after buying an additional 611,811 shares during the last quarter. PDT Partners LLC purchased a new stake in BigCommerce in the fourth quarter valued at about $328,000. Northern Trust Corp raised its stake in BigCommerce by 8.4% in the fourth quarter. Northern Trust Corp now owns 662,877 shares of the company’s stock valued at $4,057,000 after buying an additional 51,428 shares during the last quarter. Aquatic Capital Management LLC raised its stake in shares of BigCommerce by 1,296.7% in the fourth quarter. Aquatic Capital Management LLC now owns 26,537 shares of the company’s stock worth $162,000 after purchasing an additional 24,637 shares during the last quarter. Finally, Oxford Asset Management LLP purchased a new position in shares of BigCommerce in the fourth quarter worth about $117,000. 79.21% of the stock is currently owned by hedge funds and other institutional investors.

BigCommerce Price Performance

BIGC opened at $6.96 on Tuesday. BigCommerce has a 12-month low of $5.13 and a 12-month high of $8.94. 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 business’s fifty day simple moving average is $6.48 and its 200-day simple moving average is $6.19. The company has a market capitalization of $545.52 million, a price-to-earnings ratio of -19.33 and a beta of 1.18.

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.