BigCommerce (NASDAQ:BIGC) Stock Rating Lowered by Barclays

BigCommerce (NASDAQ:BIGC) was downgraded by investment analysts at Barclays from an “equal weight” rating to an “underweight” rating in a research report issued on Friday, Marketbeat.com reports. They presently have a $7.00 price target on the stock, down from their prior price target of $8.00. Barclays‘s target price would suggest a potential upside of 13.09% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of BigCommerce in a research note on Monday, December 9th. Stifel Nicolaus decreased their price objective on BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BigCommerce presently has a consensus rating of “Hold” and a consensus target price of $8.31.

BigCommerce Stock Down 3.1 %

Shares of NASDAQ:BIGC opened at $6.19 on Friday. BigCommerce has a 52-week low of $5.13 and a 52-week high of $8.98. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48. The business has a fifty day moving average of $6.59 and a two-hundred day moving average of $6.48. The stock has a market cap of $485.17 million, a P/E ratio of -17.19 and a beta of 1.18.

Institutional Investors Weigh In On BigCommerce

A number of institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new position in BigCommerce in the 2nd quarter valued at about $35,000. Virtu Financial LLC acquired a new position in shares of BigCommerce in the third quarter valued at approximately $61,000. HighTower Advisors LLC increased its stake in BigCommerce by 16.8% during the 3rd quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock worth $89,000 after buying an additional 2,200 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in BigCommerce by 93.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 17,179 shares of the company’s stock worth $100,000 after buying an additional 8,297 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in BigCommerce in the 3rd quarter valued at approximately $105,000. 79.21% of the stock is owned by institutional investors and hedge funds.

About BigCommerce

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.