BigCommerce (NASDAQ:BIGC) Sets New 1-Year Low at $6.79

BigCommerce Holdings, Inc. (NASDAQ:BIGCGet Free Report) hit a new 52-week low on Monday . The company traded as low as $6.79 and last traded at $6.85, with a volume of 139937 shares traded. The stock had previously closed at $6.89.

Wall Street Analysts Forecast Growth

BIGC has been the subject of a number of research analyst reports. Bank of America restated an “underperform” rating and set a $7.50 price objective (down previously from $11.00) on shares of BigCommerce in a report on Monday, March 25th. Piper Sandler cut their price target on BigCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. The Goldman Sachs Group cut BigCommerce from a “buy” rating to a “neutral” rating and cut their price target for the company from $11.50 to $9.50 in a research note on Monday, February 5th. Truist Financial cut their price target on BigCommerce from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of BigCommerce in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.13.

View Our Latest Report on BigCommerce

BigCommerce Price Performance

The firm has a 50 day simple moving average of $7.82 and a two-hundred day simple moving average of $8.73. The company has a debt-to-equity ratio of 13.30, a quick ratio of 4.83 and a current ratio of 4.83.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BIGC. JPMorgan Chase & Co. increased its holdings in shares of BigCommerce by 80.9% during the first quarter. JPMorgan Chase & Co. now owns 191,173 shares of the company’s stock worth $4,188,000 after buying an additional 85,493 shares in the last quarter. Raymond James & Associates increased its holdings in shares of BigCommerce by 87.0% during the first quarter. Raymond James & Associates now owns 10,848 shares of the company’s stock worth $238,000 after buying an additional 5,048 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of BigCommerce by 3.7% during the first quarter. Bank of New York Mellon Corp now owns 625,583 shares of the company’s stock worth $13,707,000 after buying an additional 22,357 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in BigCommerce by 14.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,621 shares of the company’s stock valued at $518,000 after purchasing an additional 2,911 shares during the period. Finally, HighTower Advisors LLC increased its holdings in BigCommerce by 8.2% in the first quarter. HighTower Advisors LLC now owns 18,730 shares of the company’s stock valued at $414,000 after purchasing an additional 1,425 shares during the period. 79.21% of the stock is currently owned by institutional investors and hedge funds.

BigCommerce Company Profile

(Get Free Report)

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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