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

BigCommerce Holdings, Inc. (NASDAQ:BIGC) has received an average recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat.com reports. One 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 1 year price target among analysts that have updated their coverage on the stock in the last year is $8.44.

Several research firms recently commented on BIGC. Barclays increased their target price on shares of BigCommerce from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Stifel Nicolaus reduced their price objective on BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $10.00 target price on shares of BigCommerce in a research note on Monday, December 9th.

BigCommerce Stock Down 2.5 %

Shares of BIGC opened at $6.13 on Monday. The firm has a market cap of $480.47 million, a P/E ratio of -17.03 and a beta of 1.15. BigCommerce has a 1 year low of $5.13 and a 1 year high of $10.19. The stock has a 50 day simple moving average of $6.44 and a two-hundred day simple moving average of $6.55. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81.

Institutional Trading of BigCommerce

A number of institutional investors have recently modified their holdings of BIGC. Divisar Capital Management LLC bought a new position in BigCommerce during the 2nd quarter valued at approximately $4,274,000. Clearline Capital LP increased its stake in shares of BigCommerce by 27.3% during the second quarter. Clearline Capital LP now owns 949,931 shares of the company’s stock valued at $7,656,000 after buying an additional 203,785 shares during the period. Algert Global LLC raised its holdings in shares of BigCommerce by 89.4% during the second quarter. Algert Global LLC now owns 267,850 shares of the company’s stock valued at $2,159,000 after acquiring an additional 126,443 shares in the last quarter. Walleye Capital LLC purchased a new stake in BigCommerce in the third quarter worth $170,000. Finally, 272 Capital LP boosted its holdings in BigCommerce by 40.0% in 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. 79.21% of the stock is currently owned by hedge funds and other 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.