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

BigCommerce Holdings, Inc. (NASDAQ:BIGC) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $8.14.

Several research analysts have commented on the stock. Barclays cut shares of BigCommerce from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $8.00 to $7.00 in a report on Friday, January 10th. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price objective on shares of BigCommerce in a report on Monday, December 9th.

Hedge Funds Weigh In On BigCommerce

A number of hedge funds have recently made changes to their positions in BIGC. Barclays PLC increased its position in BigCommerce by 154.9% during the 3rd quarter. Barclays PLC now owns 116,667 shares of the company’s stock worth $682,000 after purchasing an additional 70,902 shares in the last quarter. Jane Street Group LLC increased its position in shares of BigCommerce by 88.2% in the third quarter. Jane Street Group LLC now owns 206,265 shares of the company’s stock worth $1,207,000 after acquiring an additional 96,667 shares in the last quarter. Walleye Capital LLC purchased a new position in shares of BigCommerce in the 3rd quarter valued at $170,000. International Assets Investment Management LLC acquired a new position in shares of BigCommerce during the 3rd quarter valued at $920,000. Finally, Intech Investment Management LLC purchased a new stake in BigCommerce during the 3rd quarter worth $112,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

BigCommerce Trading Up 5.8 %

Shares of BIGC stock opened at $6.89 on Tuesday. The stock has a market capitalization of $540.04 million, a P/E ratio of -19.14 and a beta of 1.18. BigCommerce has a fifty-two week low of $5.13 and a fifty-two week high of $8.98. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. The company has a 50 day moving average price of $6.53 and a 200 day moving average price of $6.22.

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.