BigCommerce Holdings, Inc. (NASDAQ:BIGC) Receives $10.50 Consensus Target Price from Analysts

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) have earned an average rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $10.25.

A number of brokerages have recently weighed in on BIGC. 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. The Goldman Sachs Group lowered shares of BigCommerce from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $11.50 to $9.50 in a report on Monday, February 5th. Morgan Stanley dropped their price objective on shares of BigCommerce from $10.00 to $8.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of BigCommerce in a report on Tuesday, January 30th. Finally, Truist Financial dropped their price objective on shares of BigCommerce from $10.00 to $9.00 and set a “hold” rating on the stock in a report on Friday, February 23rd.

BigCommerce Trading Up 0.7 %

Shares of NASDAQ BIGC opened at $5.80 on Wednesday. The company’s fifty day moving average is $7.17 and its 200-day moving average is $8.35. The stock has a market cap of $444.28 million, a price-to-earnings ratio of -6.74 and a beta of 0.80. BigCommerce has a twelve month low of $5.72 and a twelve month high of $12.75. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 13.30.

Institutional Investors Weigh In On BigCommerce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BIGC. Legato Capital Management LLC acquired a new stake in BigCommerce in the 3rd quarter valued at $932,000. Counterpoint Mutual Funds LLC acquired a new stake in BigCommerce in the 3rd quarter valued at $132,000. Dakota Wealth Management increased its stake in shares of BigCommerce by 24.6% during the 3rd quarter. Dakota Wealth Management now owns 23,023 shares of the company’s stock worth $227,000 after purchasing an additional 4,547 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of BigCommerce by 9.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 72,319 shares of the company’s stock worth $714,000 after purchasing an additional 6,072 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of BigCommerce by 47.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 100,161 shares of the company’s stock worth $989,000 after purchasing an additional 32,044 shares during the last quarter. 79.21% of the stock is currently owned by institutional investors and hedge funds.

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.