BigCommerce Holdings, Inc. (NASDAQ:BIGC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) have earned an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $8.31.

Several equities analysts have recently commented on BIGC shares. Needham & Company LLC restated a “buy” rating and set a $10.00 price target on shares of BigCommerce in a report on Monday, December 9th. Barclays cut shares of BigCommerce from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $8.00 to $7.00 in a report on Friday, January 10th. Finally, Stifel Nicolaus reduced their price objective on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd.

BigCommerce Trading Up 0.3 %

BigCommerce stock opened at $6.22 on Friday. The company’s fifty day simple moving average is $6.62 and its 200-day simple moving average is $6.36. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48. BigCommerce has a 12 month low of $5.13 and a 12 month high of $8.98. The stock has a market cap of $487.52 million, a P/E ratio of -17.28 and a beta of 1.18.

Institutional Investors Weigh In On BigCommerce

Several institutional investors and hedge funds have recently modified their holdings of BIGC. Canada Pension Plan Investment Board acquired a new position in BigCommerce during the 2nd quarter worth $35,000. Virtu Financial LLC acquired a new position in BigCommerce during the 3rd quarter worth $61,000. HighTower Advisors LLC lifted its position in BigCommerce by 16.8% during the 3rd quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock worth $89,000 after acquiring an additional 2,200 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in BigCommerce by 93.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 17,179 shares of the company’s stock worth $100,000 after acquiring an additional 8,297 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in BigCommerce during the 3rd quarter worth $105,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

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.