Truist Financial upgrades BigCommerce Holdings (BIGC) to a Hold

BigCommerce Holdings (BIGC – Research Report) received a Hold rating and an $8.00 price target from Truist Financial analyst Terry Tillman today. The company’s shares closed yesterday at $7.53.

According to TipRanks, Tillman is a 5-star analyst with an average return of 17.8% and a 60.62% success rate. Tillman covers the Technology sector, focusing on stocks such as Q2 Holdings, Shopify, and Blend Labs.

In addition to Truist Financial, BigCommerce Holdings also received a Hold from KeyBanc’s Justin Patterson in a report issued today. However, yesterday, Needham maintained a Buy rating on BigCommerce Holdings (NASDAQ: BIGC).

Based on BigCommerce Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $84.15 million and a GAAP net loss of $3.18 million. In comparison, last year the company earned a revenue of $72.43 million and had a GAAP net loss of $32.98 million

Based on the recent corporate insider activity of 52 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 (BIGC) Company Description:

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.