BigCommerce (NASDAQ:BIGC) Trading 9.9% Higher – What’s Next?

BigCommerce Holdings, Inc. (NASDAQ:BIGC) rose 9.9% on Thursday . The stock traded as high as $7.00 and last traded at $7.00. Approximately 433,388 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 795,848 shares. The stock had previously closed at $6.37.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BIGC. Stifel Nicolaus reduced their price target on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $14.00 price target on shares of BigCommerce in a research note on Thursday, October 3rd. Barclays lowered their target price on shares of BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Finally, Bank of America dropped 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $8.81.

BigCommerce Price Performance

The firm’s fifty day moving average is $5.83 and its 200-day moving average is $6.73. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BIGC. Clearline Capital LP grew its stake in shares of BigCommerce by 69.7% during the 3rd quarter. Clearline Capital LP now owns 1,611,619 shares of the company’s stock worth $9,428,000 after purchasing an additional 661,688 shares during the period. Vanguard Group Inc. raised its position in shares of BigCommerce by 5.9% in the first quarter. Vanguard Group Inc. now owns 10,278,252 shares of the company’s stock valued at $70,817,000 after buying an additional 572,396 shares during the last quarter. Divisar Capital Management LLC purchased a new position in shares of BigCommerce during the second quarter valued at approximately $4,274,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in BigCommerce by 196.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 387,745 shares of the company’s stock worth $2,268,000 after acquiring an additional 256,783 shares during the last quarter. Finally, 272 Capital LP grew its stake in BigCommerce by 40.0% in the 2nd quarter. 272 Capital LP now owns 884,750 shares of the company’s stock worth $7,131,000 after acquiring an additional 252,946 shares during the period. Hedge funds and other 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.