Bank of America reaffirmed their underperform rating on shares of BigCommerce (NASDAQ:BIGC – Free Report) in a research report report published on Monday, Marketbeat Ratings reports. Bank of America currently has a $7.50 price target on the stock, down from their previous price target of $11.00.
A number of other equities analysts have also weighed in on the stock. Truist Financial lowered their price objective on shares of BigCommerce from $10.00 to $9.00 and set a hold rating on the stock in a research report on Friday, February 23rd. Piper Sandler cut their target price on BigCommerce from $11.00 to $9.00 and set a neutral rating on the stock in a research report on Friday, February 23rd. The Goldman Sachs Group downgraded BigCommerce from a buy rating to a neutral rating and lowered their price objective for the stock from $11.50 to $9.50 in a research note on Monday, February 5th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $20.00 target price on shares of BigCommerce in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, BigCommerce currently has a consensus rating of Hold and a consensus target price of $11.13.
Get Our Latest Analysis on BigCommerce
BigCommerce Stock Down 0.3 %
Hedge Funds Weigh In On BigCommerce
Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in BigCommerce by 93.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,711 shares of the company’s stock worth $37,000 after buying an additional 1,792 shares during the period. Lazard Asset Management LLC purchased a new position in BigCommerce in the third quarter valued at approximately $74,000. Advisors Asset Management Inc. raised its holdings in BigCommerce by 81.9% during the 1st quarter. Advisors Asset Management Inc. now owns 3,716 shares of the company’s stock valued at $81,000 after acquiring an additional 1,673 shares during the period. State of Wyoming raised its holdings in BigCommerce by 291.0% during the 4th quarter. State of Wyoming now owns 10,779 shares of the company’s stock valued at $94,000 after acquiring an additional 8,022 shares during the period. Finally, GSA Capital Partners LLP bought a new position in shares of BigCommerce in the fourth quarter worth $97,000. Institutional investors 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.
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