BigCommerce (NASDAQ:BIGC) Sees Strong Trading Volume

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Get Free Report) saw an uptick in trading volume on Wednesday . 1,162,264 shares traded hands during mid-day trading, an increase of 74% from the previous session's volume of 667,832 shares.The stock last traded at $6.76 and had previously closed at $6.94.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BIGC shares. Needham & Company LLC reiterated a "buy" rating and set a $20.00 target price on shares of BigCommerce in a report on Tuesday, January 30th. Piper Sandler cut their price target on shares of BigCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, February 23rd. Truist Financial cut their target price on shares of BigCommerce from $10.00 to $9.00 and set a "hold" rating for the company in a research note on Friday, February 23rd. Bank of America reissued an "underperform" rating and set a $7.50 price target (down previously from $11.00) on shares of BigCommerce in a research report on Monday, March 25th. Finally, The Goldman Sachs Group lowered BigCommerce from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $11.50 to $9.50 in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $10.25.

BigCommerce Price Performance

The firm has a market capitalization of $512.45 million, a price-to-earnings ratio of -7.78 and a beta of 0.84. The company's 50 day moving average is $6.70 and its 200 day moving average is $8.09. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 13.30.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of BigCommerce by 8.4% in the third quarter. Vanguard Group Inc. now owns 8,943,419 shares of the company's stock valued at $88,272,000 after buying an additional 693,728 shares during the period. CenterBook Partners LP raised its stake in BigCommerce by 112.8% in the third quarter. CenterBook Partners LP now owns 393,835 shares of the company's stock valued at $3,887,000 after purchasing an additional 208,778 shares in the last quarter. Corton Capital Inc. lifted its position in BigCommerce by 16.2% during the third quarter. Corton Capital Inc. now owns 29,487 shares of the company's stock worth $291,000 after purchasing an additional 4,101 shares during the period. Charles Schwab Investment Management Inc. grew its stake in BigCommerce by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 508,357 shares of the company's stock worth $5,017,000 after buying an additional 30,722 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in BigCommerce by 3.9% in the 3rd quarter. Deutsche Bank AG now owns 115,968 shares of the company's stock valued at $1,145,000 after buying an additional 4,380 shares during the period. Institutional investors and hedge funds own 79.21% of the company's stock.

BigCommerce Company Profile

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.