Research analysts at DA Davidson initiated coverage on shares of BigCommerce (NASDAQ:BIGC – Get Rating) in a report released on Wednesday, The Fly reports. The brokerage set a “neutral” rating and a $11.00 price target on the stock. DA Davidson’s price target would suggest a potential upside of 20.22% from the stock’s current price.
BIGC has been the subject of several other reports. Jefferies Financial Group dropped their target price on BigCommerce from $11.00 to $9.50 and set a “hold” rating for the company in a report on Monday, December 19th. Canaccord Genuity Group dropped their target price on BigCommerce from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, February 24th. Bank of America lowered BigCommerce from a “buy” rating to a “neutral” rating and decreased their price target for the company from $21.00 to $11.00 in a research note on Wednesday, January 4th. Morgan Stanley decreased their price target on BigCommerce from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Friday, February 24th. Finally, Barclays decreased their target price on BigCommerce from $16.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 10th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BigCommerce currently has a consensus rating of “Hold” and an average target price of $15.54.
BigCommerce Stock Down 3.3 %
Shares of BIGC opened at $9.15 on Wednesday. The company has a debt-to-equity ratio of 7.39, a quick ratio of 4.75 and a current ratio of 4.75. BigCommerce has a one year low of $7.74 and a one year high of $24.10. The stock has a market capitalization of $674.17 million, a price-to-earnings ratio of -4.79 and a beta of 0.66. The stock has a 50 day moving average price of $10.59 and a 200 day moving average price of $11.82.
Insider Transactions at BigCommerce
Hedge Funds Weigh In On BigCommerce
A number of institutional investors have recently modified their holdings of the business. Belpointe Asset Management LLC acquired a new position in BigCommerce in the 4th quarter valued at $45,000. Advisors Asset Management Inc. increased its stake in BigCommerce by 81.9% in the 1st quarter. Advisors Asset Management Inc. now owns 3,716 shares of the company’s stock valued at $81,000 after buying an additional 1,673 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its stake in BigCommerce by 351.3% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,831 shares of the company’s stock valued at $86,000 after buying an additional 4,539 shares during the period. Versor Investments LP acquired a new position in BigCommerce in the 4th quarter valued at $88,000. Finally, Essex Investment Management Co. LLC increased its stake in BigCommerce by 29.6% in the 3rd quarter. Essex Investment Management Co. LLC now owns 6,069 shares of the company’s stock valued at $90,000 after buying an additional 1,385 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.
BigCommerce Company Profile
BigCommerce Holdings, Inc operates a software-as-a-service platform for small businesses, mid-markets, and large enterprises in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and internationally. The company's platform provides various services for launching and scaling e-commerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integrations.
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