BigCommerce (NASDAQ:BIGC) Lowered to “Underweight” Rating by Barclays

Barclays cut shares of BigCommerce (NASDAQ:BIGC) from an equal weight rating to an underweight rating in a report published on Friday morning, Marketbeat.com reports. Barclays currently has $7.00 target price on the stock, down from their prior target price of $8.00.

BIGC has been the subject of a number of other research reports. Stifel Nicolaus dropped their price target on BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of BigCommerce in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, BigCommerce has a consensus rating of “Hold” and an average price target of $8.31.

BigCommerce Trading Down 1.6 %

Shares of BIGC stock opened at $6.09 on Friday. BigCommerce has a 52-week low of $5.13 and a 52-week high of $8.98. The business’s fifty day moving average is $6.60 and its 200 day moving average is $6.47. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. The company has a market capitalization of $477.33 million, a PE ratio of -16.92 and a beta of 1.18.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. 272 Capital LP grew its holdings in shares of BigCommerce by 19.9% during the 3rd quarter. 272 Capital LP now owns 1,060,455 shares of the company’s stock valued at $6,204,000 after purchasing an additional 175,705 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of BigCommerce by 1.8% during the third quarter. Franklin Resources Inc. now owns 1,932,149 shares of the company’s stock valued at $10,859,000 after buying an additional 35,016 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of BigCommerce in the third quarter worth about $61,000. Barclays PLC lifted its stake in shares of BigCommerce by 154.9% in the 3rd quarter. Barclays PLC now owns 116,667 shares of the company’s stock valued at $682,000 after acquiring an additional 70,902 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in BigCommerce by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,600,219 shares of the company’s stock valued at $9,363,000 after acquiring an additional 21,105 shares during the period. 79.21% of the stock is owned by hedge funds and other institutional investors.

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.