Brokerages Set BigCommerce Holdings, Inc. (NASDAQ:BIGC) Target Price at $8.31

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) have been assigned an average rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $8.31.

Several research analysts have recently issued reports on the stock. Barclays downgraded shares of BigCommerce from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $8.00 to $7.00 in a report on Friday, January 10th. Stifel Nicolaus dropped their price objective on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $10.00 price objective on shares of BigCommerce in a report on Monday, December 9th.

BigCommerce Stock Performance

NASDAQ:BIGC opened at $6.22 on Friday. The firm’s 50-day moving average is $6.62 and its 200-day moving average is $6.36. BigCommerce has a 52-week low of $5.13 and a 52-week high of $8.98. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. The company has a market cap of $487.52 million, a price-to-earnings ratio of -17.28 and a beta of 1.18.

Institutional Trading of BigCommerce

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its stake in BigCommerce by 1.8% in the third quarter. Franklin Resources Inc. now owns 1,932,149 shares of the company’s stock valued at $10,859,000 after acquiring an additional 35,016 shares during the period. Clearline Capital LP grew its stake in BigCommerce by 69.7% during the third quarter. Clearline Capital LP now owns 1,611,619 shares of the company’s stock worth $9,428,000 after buying an additional 661,688 shares during the last quarter. Geode Capital Management LLC grew its stake in BigCommerce by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,600,219 shares of the company’s stock worth $9,363,000 after buying an additional 21,105 shares during the last quarter. State Street Corp grew its stake in BigCommerce by 1.1% during the third quarter. State Street Corp now owns 1,522,002 shares of the company’s stock worth $8,904,000 after buying an additional 16,561 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in BigCommerce by 8.0% during the second quarter. Clearbridge Investments LLC now owns 1,433,163 shares of the company’s stock worth $11,551,000 after buying an additional 106,080 shares during the last quarter. Institutional investors own 79.21% of the company’s stock.

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.