BigCommerce (NASDAQ:BIGC) Trading Up 6.2% – What’s Next?

BigCommerce Holdings, Inc. (NASDAQ:BIGC) shares traded up 6.2% during trading on Wednesday . The stock traded as high as $7.92 and last traded at $7.91. 260,412 shares were traded during trading, a decline of 68% from the average session volume of 809,995 shares. The stock had previously closed at $7.45.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BIGC shares. Bank of America reduced their target price on BigCommerce from $8.00 to $6.00 and set an “underperform” rating for the company in a report on Thursday, August 29th. Barclays raised their target price on BigCommerce from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of BigCommerce in a research note on Monday. Finally, Stifel Nicolaus reduced their price objective on BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8.44.

BigCommerce Price Performance

The company has a market capitalization of $605.09 million, a price-to-earnings ratio of -22.11 and a beta of 1.15. The company has a 50-day moving average price of $6.20 and a 200-day moving average price of $6.69. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81.

Institutional Investors Weigh In On BigCommerce

Several institutional investors have recently added to or reduced their stakes in the stock. 272 Capital LP boosted its position in BigCommerce by 19.9% during the 3rd quarter. 272 Capital LP now owns 1,060,455 shares of the company’s stock worth $6,204,000 after acquiring an additional 175,705 shares during the last quarter. Franklin Resources Inc. increased its stake in BigCommerce by 1.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,932,149 shares of the company’s stock valued at $10,859,000 after buying an additional 35,016 shares during the last quarter. Virtu Financial LLC bought a new position in shares of BigCommerce in the 3rd quarter valued at about $61,000. Barclays PLC raised its holdings in BigCommerce by 154.9% during the third quarter. Barclays PLC now owns 116,667 shares of the company’s stock worth $682,000 after acquiring an additional 70,902 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in BigCommerce by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,600,219 shares of the company’s stock valued at $9,363,000 after purchasing an additional 21,105 shares during the last quarter. 79.21% of the stock is owned by 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.