BigCommerce Holdings, Inc. (NASDAQ:BIGC – Get Free Report)’s stock price rose 8% during trading on Wednesday . The company traded as high as $7.99 and last traded at $7.98. Approximately 354,033 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 804,362 shares. The stock had previously closed at $7.39.
Analyst Upgrades and Downgrades
BIGC has been the subject of a number of recent analyst reports. Stifel Nicolaus reduced their price objective 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. Needham & Company LLC reiterated a “buy” rating and set a $14.00 price target on shares of BigCommerce in a research report on Thursday, October 3rd. Finally, Bank of America reduced their price target on shares of BigCommerce from $8.00 to $6.00 and set an “underperform” rating for the company in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $8.81.
Get Our Latest Stock Analysis on BIGC
BigCommerce Stock Performance
Institutional Trading of BigCommerce
Several hedge funds and other institutional investors have recently bought and sold shares of BIGC. Canada Pension Plan Investment Board purchased a new stake in BigCommerce in the 2nd quarter worth approximately $35,000. Virtu Financial LLC purchased a new stake in shares of BigCommerce during the 3rd quarter valued at $61,000. HighTower Advisors LLC grew its stake in shares of BigCommerce by 16.8% during the 3rd quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock valued at $89,000 after buying an additional 2,200 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of BigCommerce by 93.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 17,179 shares of the company’s stock valued at $100,000 after acquiring an additional 8,297 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new position in shares of BigCommerce during the 3rd quarter valued at $105,000. 79.21% of the stock is owned by hedge funds and other institutional investors.
BigCommerce Company Profile
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.
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