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

BigCommerce Holdings, Inc. (NASDAQ:BIGC) has received an average rating of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $8.44.

A number of brokerages have recently weighed in on BIGC. Barclays lifted their target price on shares of BigCommerce from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of BigCommerce in a report on Monday, December 9th. Bank of America decreased their target price on BigCommerce from $8.00 to $6.00 and set an “underperform” rating for the company in a research report on Thursday, August 29th. Finally, Stifel Nicolaus reduced their price target on BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd.

BigCommerce Stock Performance

NASDAQ:BIGC opened at $6.18 on Monday. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48. BigCommerce has a twelve month low of $5.13 and a twelve month high of $10.19. The stock has a market cap of $484.39 million, a P/E ratio of -17.17 and a beta of 1.15. The firm’s fifty day simple moving average is $6.39 and its 200 day simple moving average is $6.62.

Hedge Funds Weigh In On BigCommerce

Institutional investors and hedge funds have recently modified their holdings of the stock. Clearline Capital LP boosted its stake in BigCommerce by 69.7% in the 3rd quarter. Clearline Capital LP now owns 1,611,619 shares of the company’s stock worth $9,428,000 after purchasing an additional 661,688 shares in the last quarter. Divisar Capital Management LLC bought a new position in shares of BigCommerce in the second quarter worth approximately $4,274,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of BigCommerce by 196.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 387,745 shares of the company’s stock valued at $2,268,000 after buying an additional 256,783 shares during the last quarter. 272 Capital LP increased its position in shares of BigCommerce by 40.0% during the second quarter. 272 Capital LP now owns 884,750 shares of the company’s stock valued at $7,131,000 after acquiring an additional 252,946 shares in the last quarter. Finally, Algert Global LLC raised its holdings in BigCommerce by 67.7% in the 3rd quarter. Algert Global LLC now owns 449,072 shares of the company’s stock worth $2,627,000 after acquiring an additional 181,222 shares during the last quarter. 79.21% of the stock is currently owned by institutional investors.

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.