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

BigCommerce Holdings, Inc. (NASDAQ:BIGC) has been given a consensus rating of “Hold” by the eight analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $11.13.

Several brokerages have recently weighed in on BIGC. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of BigCommerce in a report on Tuesday, January 30th. Piper Sandler reduced their price target on BigCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. The Goldman Sachs Group downgraded BigCommerce from a “buy” rating to a “neutral” rating and reduced their price target for the company from $11.50 to $9.50 in a report on Monday, February 5th. Truist Financial reduced their price target on BigCommerce from $10.00 to $9.00 and set a “hold” rating for the company in a report on Friday, February 23rd. Finally, Bank of America restated an “underperform” rating and set a $7.50 price target (down from $11.00) on shares of BigCommerce in a report on Monday.

BigCommerce Price Performance

BIGC opened at $6.91 on Friday. The stock has a fifty day simple moving average of $7.94 and a two-hundred day simple moving average of $8.85. The company has a current ratio of 4.83, a quick ratio of 4.83 and a debt-to-equity ratio of 13.30. The company has a market cap of $529.31 million, a price-to-earnings ratio of -8.03 and a beta of 0.82. BigCommerce has a 12-month low of $6.79 and a 12-month high of $12.75.

Institutional Investors Weigh In On BigCommerce

Several large investors have recently bought and sold shares of BIGC. Tower Research Capital LLC TRC increased its holdings in BigCommerce by 93.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,711 shares of the company’s stock worth $37,000 after buying an additional 1,792 shares in the last quarter. Lazard Asset Management LLC bought a new stake in BigCommerce in the 3rd quarter worth about $74,000. Advisors Asset Management Inc. increased its holdings in BigCommerce by 81.9% in the 1st quarter. Advisors Asset Management Inc. now owns 3,716 shares of the company’s stock worth $81,000 after buying an additional 1,673 shares in the last quarter. State of Wyoming boosted its position in BigCommerce by 291.0% in the fourth quarter. State of Wyoming now owns 10,779 shares of the company’s stock worth $94,000 after purchasing an additional 8,022 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in BigCommerce in the fourth quarter worth about $97,000. 79.21% of the stock is currently owned by institutional investors.

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.