BigCommerce (NASDAQ:BIGC) had its target price raised by investment analysts at Barclays from $67.00 to $72.00 in a research note issued on Tuesday, The Fly reports. Barclays‘s target price suggests a potential upside of 14.12% from the company’s previous close.
Several other research analysts have also recently issued reports on the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell initiated coverage on BigCommerce in a research note on Friday, November 13th. They issued a “sell” rating and a $65.00 price objective for the company. Piper Sandler started coverage on shares of BigCommerce in a research note on Wednesday, November 18th. They set an “overweight” rating and a $83.00 price objective for the company. Stifel Nicolaus initiated coverage on shares of BigCommerce in a report on Monday, November 16th. They set a “buy” rating and a $80.00 target price for the company. Morgan Stanley upped their price target on shares of BigCommerce from $53.00 to $55.00 and gave the company an “underweight” rating in a report on Friday, November 6th. Finally, Smith Barney Citigroup started coverage on BigCommerce in a research note on Friday, November 13th. They set a “sell” rating and a $65.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $82.19.
BIGC stock traded down $5.16 during trading on Tuesday, reaching $63.09. The company had a trading volume of 282,113 shares, compared to its average volume of 2,834,417. BigCommerce has a twelve month low of $57.26 and a twelve month high of $162.50. The company has a quick ratio of 4.06, a current ratio of 4.06 and a debt-to-equity ratio of 0.06. The business has a 50-day simple moving average of $72.48.
BigCommerce (NASDAQ:BIGC) last posted its quarterly earnings results on Sunday, February 21st. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.02. The company had revenue of $32.90 million during the quarter, compared to analysts’ expectations of $38.58 million. The firm’s quarterly revenue was up 43.0% compared to the same quarter last year. On average, equities research analysts expect that BigCommerce will post -1.01 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the stock. Trustcore Financial Services LLC acquired a new position in BigCommerce in the 3rd quarter worth about $28,000. Clearstead Advisors LLC purchased a new stake in shares of BigCommerce in the third quarter valued at approximately $30,000. Costello Asset Management INC acquired a new position in shares of BigCommerce during the 3rd quarter worth approximately $33,000. Sterling Investment Advisors Ltd. purchased a new position in shares of BigCommerce during the 3rd quarter valued at approximately $33,000. Finally, Berman Capital Advisors LLC purchased a new position in shares of BigCommerce during the 3rd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 19.00% of the company’s stock.
BigCommerce Company Profile
BigCommerce Holdings, Inc operates a software-as-a-service platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's platform simplifies the creation of engaging online stores. It powers its customers' branded ecommerce stores and their cross-channel connections to various online marketplaces, social networks, and offline point-of-sale systems.
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