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

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) have been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $8.81.

A number of brokerages have recently weighed in on BIGC. Bank of America lowered their price target on BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a report on Thursday, August 29th. Barclays lowered their target price on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Stifel Nicolaus reduced their price target on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 price objective on shares of BigCommerce in a research report on Thursday, October 3rd.

Hedge Funds Weigh In On BigCommerce

A number of hedge funds have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new stake in BigCommerce in the second quarter valued at approximately $35,000. Acadian Asset Management LLC acquired a new stake in shares of BigCommerce in the 1st quarter valued at $80,000. Harbor Capital Advisors Inc. boosted its holdings in BigCommerce by 93.4% in the third quarter. Harbor Capital Advisors Inc. now owns 17,179 shares of the company’s stock worth $100,000 after purchasing an additional 8,297 shares in the last quarter. Virtu Financial LLC acquired a new position in BigCommerce during the first quarter worth $104,000. Finally, Aigen Investment Management LP bought a new position in BigCommerce during the third quarter valued at about $105,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

BigCommerce Price Performance

NASDAQ BIGC opened at $6.27 on Friday. The firm’s 50 day moving average price is $5.70 and its two-hundred day moving average price is $6.69. The company has a current ratio of 4.51, a quick ratio of 4.51 and a debt-to-equity ratio of 13.04. BigCommerce has a twelve month low of $5.13 and a twelve month high of $10.19.

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.