Brokerages Set BigCommerce Holdings, Inc. (NASDAQ:BIGC) Target Price at $8.44

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) have earned a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, 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 target price among brokerages that have covered the stock in the last year is $8.44.

Several equities analysts have weighed in on the company. Stifel Nicolaus lowered their target price on BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. 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. Barclays increased their target price on shares of BigCommerce from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Finally, Bank of America lowered their price target on shares of BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a report on Thursday, August 29th.

Hedge Funds Weigh In On BigCommerce

Several hedge funds have recently bought and sold shares of BIGC. Canada Pension Plan Investment Board bought a new stake in shares of BigCommerce during the 2nd quarter worth about $35,000. Virtu Financial LLC bought a new stake in BigCommerce during the third quarter worth approximately $61,000. HighTower Advisors LLC grew its holdings in BigCommerce by 16.8% during the third quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock valued at $89,000 after purchasing an additional 2,200 shares during the last quarter. Harbor Capital Advisors Inc. raised its position 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 valued at $100,000 after purchasing an additional 8,297 shares during the period. Finally, Aigen Investment Management LP bought a new position in shares of BigCommerce in the third quarter valued at approximately $105,000. 79.21% of the stock is owned by institutional investors and hedge funds.

BigCommerce Stock Performance

Shares of BIGC stock opened at $6.28 on Monday. The company has a market capitalization of $492.23 million, a price-to-earnings ratio of -17.44 and a beta of 1.15. BigCommerce has a 1-year low of $5.13 and a 1-year high of $10.19. 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 stock’s fifty day simple moving average is $6.42 and its 200-day simple moving average is $6.58.

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.