William Blair Maintains a Hold Rating on BigCommerce Holdings (BIGC)

In a report released yesterday, Matthew Pfau from William Blair maintained a Hold rating on BigCommerce Holdings (BIGCResearch Report). The company’s shares closed last Tuesday at $67.94.

According to TipRanks.com, Pfau is a 4-star analyst with an average return of 25.2% and a 69.6% success rate. Pfau covers the Technology sector, focusing on stocks such as Manhattan Associates, Squarespace, and Karooooo.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BigCommerce Holdings with a $65.89 average price target, implying a -2.5% downside from current levels. In a report issued on July 23, Barclays also maintained a Hold rating on the stock with a $66.00 price target.

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The company has a one-year high of $162.50 and a one-year low of $42.17. Currently, BigCommerce Holdings has an average volume of 1.37M.

Based on the recent corporate insider activity of 137 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BIGC in relation to earlier this year.

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BigCommerce Holdings Inc is a new era of ecommerce. Its software-as-a-service (SaaS) platform simplifies the creation of beautiful, engaging online stores by delivering a combination of ease-of-use, enterprise functionality, and flexibility. The company powers both its customers’ branded ecommerce stores and their cross-channel connections to popular online marketplaces, social networks, and offline point-of-sale systems.