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

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) have received an average rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $10.50.

A number of brokerages have commented on BIGC. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of BigCommerce in a research report on Tuesday, January 30th. Truist Financial reduced their price target 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 reduced their price target on shares of BigCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd. Bank of America restated 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. Finally, The Goldman Sachs Group cut shares of BigCommerce from a “buy” rating to a “neutral” rating and cut their target price for the stock from $11.50 to $9.50 in a report on Monday, February 5th.

BigCommerce Trading Down 1.5 %

Shares of BIGC opened at $5.89 on Wednesday. The firm’s 50 day simple moving average is $7.43 and its 200 day simple moving average is $8.48. The company has a market capitalization of $451.17 million, a P/E ratio of -6.85 and a beta of 0.80. 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 1-year low of $5.81 and a 1-year high of $12.75.

Hedge Funds Weigh In On BigCommerce

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