BigCommerce Holdings, Inc. (NASDAQ:BIGC) Given Average Rating of “Hold” by Analysts

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) have been given an average rating of “Hold” by the eight analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $11.13.

Several analysts have recently commented on the stock. The Goldman Sachs Group downgraded shares of BigCommerce from a “buy” rating to a “neutral” rating and lowered their target price for the company from $11.50 to $9.50 in a report on Monday, February 5th. Truist Financial lowered their target price on shares of BigCommerce from $10.00 to $9.00 and set a “hold” rating for the company in a report on Friday, February 23rd. Piper Sandler lowered their target price on shares of BigCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price on shares of BigCommerce in a report on Tuesday, January 30th. Finally, Bank of America reiterated an “underperform” rating and issued a $7.50 target price (down previously from $11.00) on shares of BigCommerce in a report on Monday, March 25th.

BigCommerce Stock Performance

Shares of BIGC stock opened at $6.89 on Friday. The firm has a 50-day moving average of $7.89 and a 200-day moving average of $8.81. The company has a market cap of $527.77 million, a P/E ratio of -8.01 and a beta of 0.82. 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 one year low of $6.79 and a one year high of $12.75.

Institutional Trading of BigCommerce

A number of large investors have recently added to or reduced their stakes in BIGC. JPMorgan Chase & Co. increased its holdings in BigCommerce by 80.9% during the first quarter. JPMorgan Chase & Co. now owns 191,173 shares of the company’s stock worth $4,188,000 after buying an additional 85,493 shares during the last quarter. Raymond James & Associates boosted its position in BigCommerce by 87.0% during the first quarter. Raymond James & Associates now owns 10,848 shares of the company’s stock worth $238,000 after purchasing an additional 5,048 shares during the period. Bank of New York Mellon Corp boosted its position in BigCommerce by 3.7% during the first quarter. Bank of New York Mellon Corp now owns 625,583 shares of the company’s stock worth $13,707,000 after purchasing an additional 22,357 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in BigCommerce by 14.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,621 shares of the company’s stock worth $518,000 after purchasing an additional 2,911 shares during the period. Finally, HighTower Advisors LLC boosted its position in BigCommerce by 8.2% during the first quarter. HighTower Advisors LLC now owns 18,730 shares of the company’s stock worth $414,000 after purchasing an additional 1,425 shares during the period. Hedge funds and other institutional investors 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.