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

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

BIGC has been the topic of a number of research reports. Barclays cut their price objective on BigCommerce from $10.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of BigCommerce in a report on Tuesday, January 30th. Morgan Stanley dropped 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. The Goldman Sachs Group lowered BigCommerce from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $11.50 to $9.50 in a research note on Monday, February 5th. Finally, Piper Sandler lowered their price objective on BigCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd.

BigCommerce Stock Performance

BigCommerce stock opened at $5.89 on Wednesday. The stock’s 50-day moving average is $7.27 and its 200-day moving average is $8.42. The company has a market cap of $451.17 million, a price-to-earnings ratio of -6.85 and a beta of 0.80. 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 has a 12 month low of $5.81 and a 12 month high of $12.75.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of BigCommerce by 8.4% in the 3rd quarter. Vanguard Group Inc. now owns 8,943,419 shares of the company’s stock worth $88,272,000 after purchasing an additional 693,728 shares during the last quarter. CenterBook Partners LP lifted its holdings in shares of BigCommerce by 112.8% in the 3rd quarter. CenterBook Partners LP now owns 393,835 shares of the company’s stock worth $3,887,000 after purchasing an additional 208,778 shares during the last quarter. Corton Capital Inc. lifted its holdings in shares of BigCommerce by 16.2% in the 3rd quarter. Corton Capital Inc. now owns 29,487 shares of the company’s stock worth $291,000 after purchasing an additional 4,101 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of BigCommerce by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 508,357 shares of the company’s stock worth $5,017,000 after purchasing an additional 30,722 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of BigCommerce by 3.9% in the 3rd quarter. Deutsche Bank AG now owns 115,968 shares of the company’s stock worth $1,145,000 after purchasing an additional 4,380 shares during the last quarter. Institutional investors and hedge funds own 79.21% of the company’s stock.

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.