BigCommerce (NASDAQ:BIGC) Hits New 12-Month Low at $7.88

BigCommerce Holdings, Inc. (NASDAQ:BIGCGet Rating)’s stock price reached a new 52-week low on Monday . The company traded as low as $7.88 and last traded at $7.99, with a volume of 3801 shares traded. The stock had previously closed at $8.17.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BIGC shares. Stifel Nicolaus reduced their target price on shares of BigCommerce from $35.00 to $23.00 in a research report on Tuesday, July 26th. Oppenheimer started coverage on shares of BigCommerce in a research report on Tuesday, July 26th. They issued a “market perform” rating on the stock. The Goldman Sachs Group reduced their target price on shares of BigCommerce from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, November 7th. Piper Sandler reduced their target price on shares of BigCommerce from $26.00 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, November 4th. Finally, Barclays cut their price objective on shares of BigCommerce from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 18th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.27.

BigCommerce Stock Performance

The business’s fifty day moving average price is $13.24 and its 200-day moving average price is $16.01. The company has a debt-to-equity ratio of 5.18, a quick ratio of 5.66 and a current ratio of 5.66. The stock has a market cap of $599.76 million, a PE ratio of -4.20 and a beta of 0.64.

Insider Activity

In other news, CMO Lisa Eggerton sold 13,911 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $17.08, for a total transaction of $237,599.88. Following the sale, the chief marketing officer now owns 103,447 shares of the company’s stock, valued at approximately $1,766,874.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 12.47% of the company’s stock.

Hedge Funds Weigh In On BigCommerce

Several institutional investors have recently made changes to their positions in the business. Essex Investment Management Co. LLC lifted its stake in shares of BigCommerce by 14.9% in the 1st quarter. Essex Investment Management Co. LLC now owns 5,778 shares of the company’s stock worth $127,000 after purchasing an additional 749 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of BigCommerce by 45.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 3,133 shares of the company’s stock worth $69,000 after purchasing an additional 983 shares during the period. Madison Asset Management LLC raised its stake in BigCommerce by 1.5% during the 2nd quarter. Madison Asset Management LLC now owns 91,020 shares of the company’s stock worth $1,475,000 after acquiring an additional 1,378 shares during the period. HighTower Advisors LLC raised its stake in BigCommerce by 8.2% during the 1st quarter. HighTower Advisors LLC now owns 18,730 shares of the company’s stock worth $414,000 after acquiring an additional 1,425 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in BigCommerce by 81.9% during the 1st quarter. Advisors Asset Management Inc. now owns 3,716 shares of the company’s stock worth $81,000 after acquiring an additional 1,673 shares during the period. Institutional investors own 72.52% of the company’s stock.

About BigCommerce

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BigCommerce Holdings, Inc operates a software-as-a-service platform for small businesses, mid-markets, and large enterprises in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and internationally. The company's platform provides various services for launching and scaling e-commerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integrations.

Further Reading

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