BigCommerce Holdings, Inc. (NASDAQ:BIGC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) have earned an average recommendation of “Hold” from the eight research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $10.50.

A number of analysts have recently commented on BIGC shares. The Goldman Sachs Group cut BigCommerce from a “buy” rating to a “neutral” rating and cut their price objective for the company from $11.50 to $9.50 in a research report on Monday, February 5th. Piper Sandler cut their price objective on BigCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, February 23rd. Needham & Company LLC restated a “buy” rating and issued a $20.00 price objective on shares of BigCommerce in a research report on Tuesday, January 30th. Truist Financial dropped their price target on BigCommerce from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Friday, February 23rd. Finally, Barclays dropped their price target on BigCommerce from $10.00 to $7.00 and set an “equal weight” rating for the company in a research report on Monday.

BigCommerce Stock Down 1.5 %

BigCommerce stock opened at $5.89 on Wednesday. The stock has a market capitalization of $451.17 million, a PE ratio of -6.85 and a beta of 0.80. BigCommerce has a 12 month low of $5.81 and a 12 month high of $12.75. The business has a 50 day simple moving average of $7.43 and a 200-day simple moving average of $8.48. The company has a debt-to-equity ratio of 13.30, a current ratio of 4.83 and a quick ratio of 4.83.

Hedge Funds Weigh In On BigCommerce

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