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

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) have received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $8.44.

BIGC has been the subject of a number of research reports. Stifel Nicolaus reduced their target price 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 reissued a “buy” rating and set a $10.00 price objective on shares of BigCommerce in a report on Monday, December 9th. Finally, Barclays raised their target price on BigCommerce from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Clearline Capital LP boosted its holdings in BigCommerce by 69.7% in the 3rd quarter. Clearline Capital LP now owns 1,611,619 shares of the company’s stock valued at $9,428,000 after purchasing an additional 661,688 shares during the period. Divisar Capital Management LLC bought a new stake in BigCommerce during the second quarter valued at $4,274,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in BigCommerce by 196.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 387,745 shares of the company’s stock worth $2,268,000 after acquiring an additional 256,783 shares during the last quarter. 272 Capital LP raised its holdings in shares of BigCommerce by 40.0% in the 2nd 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. Finally, Algert Global LLC boosted its position in shares of BigCommerce by 67.7% during the 3rd quarter. Algert Global LLC now owns 449,072 shares of the company’s stock valued at $2,627,000 after acquiring an additional 181,222 shares during the last quarter. Institutional investors own 79.21% of the company’s stock.

BigCommerce Price Performance

BIGC opened at $6.13 on Monday. BigCommerce has a fifty-two week low of $5.13 and a fifty-two week high of $10.19. The firm has a 50-day moving average of $6.44 and a 200 day moving average of $6.57. 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 firm has a market cap of $480.47 million, a P/E ratio of -17.03 and a beta of 1.15.

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.