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BigCommerce Holdings (BIGC) Receives a Buy from KeyBanc

KeyBanc analyst Josh Beck maintained a Buy rating on BigCommerce Holdings (BIGCResearch Report) today and set a price target of $30.00. The company’s shares closed last Monday at $25.90, close to its 52-week low of $21.63.

According to TipRanks.com, Beck is a top 100 analyst with an average return of 24.6% and a 64.1% success rate. Beck covers the Technology sector, focusing on stocks such as AvidXchange Holdings, Bill.com Holdings, and Alkami Technology.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BigCommerce Holdings with a $45.36 average price target, representing an 81.2% upside. In a report released today, Needham also reiterated a Buy rating on the stock with a $40.00 price target.

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Based on BigCommerce Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $59.29 million and GAAP net loss of $21.67 million. In comparison, last year the company earned revenue of $39.74 million and had a GAAP net loss of $10.86 million.

Based on the recent corporate insider activity of 141 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BIGC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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