Brokerages Set BigCommerce Holdings, Inc. (NASDAQ:BIGC) PT at $10.50

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) have been given an average rating of “Hold” by the eight analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $10.25.

BIGC has been the topic of several recent research reports. Morgan Stanley lowered their target price on BigCommerce from $10.00 to $8.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Piper Sandler lowered their target price on BigCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. The Goldman Sachs Group cut BigCommerce from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $11.50 to $9.50 in a report on Monday, February 5th. Truist Financial decreased their price objective on BigCommerce from $10.00 to $9.00 and set a “hold” rating on the stock in a report on Friday, February 23rd. Finally, Bank of America reiterated an “underperform” rating and issued a $7.50 price objective (down from $11.00) on shares of BigCommerce in a report on Monday, March 25th.

Institutional Trading of BigCommerce

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC raised its position in BigCommerce by 0.8% in the fourth quarter. Nuveen Asset Management LLC now owns 155,939 shares of the company’s stock valued at $1,517,000 after purchasing an additional 1,185 shares during the period. The Manufacturers Life Insurance Company raised its position in BigCommerce by 5.4% in the second quarter. The Manufacturers Life Insurance Company now owns 27,061 shares of the company’s stock valued at $269,000 after purchasing an additional 1,377 shares during the period. Swiss National Bank raised its position in BigCommerce by 1.0% in the third quarter. Swiss National Bank now owns 139,300 shares of the company’s stock valued at $1,375,000 after purchasing an additional 1,400 shares during the period. HighTower Advisors LLC raised its position in BigCommerce by 8.2% in the first quarter. HighTower Advisors LLC now owns 18,730 shares of the company’s stock valued at $414,000 after purchasing an additional 1,425 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of BigCommerce by 81.9% during the first 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. Hedge funds and other institutional investors own 79.21% of the company’s stock.

BigCommerce Trading Down 0.8 %

Shares of BigCommerce stock opened at $5.89 on Wednesday. The stock has a market cap of $451.17 million, a P/E ratio of -6.85 and a beta of 0.80. The stock’s 50 day simple moving average is $7.27 and its 200-day simple moving average is $8.40. BigCommerce has a 1-year low of $5.81 and a 1-year high of $12.75. The company has a debt-to-equity ratio of 13.30, a current ratio of 4.83 and a quick ratio of 4.83.

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.