BigCommerce (NASDAQ:BIGC) Stock Rating Lowered by Barclays

BigCommerce (NASDAQ:BIGC) was downgraded by equities research analysts at Barclays from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Friday, MarketBeat reports. They currently have a $7.00 price objective on the stock, down from their prior price objective of $8.00. Barclays‘s price objective points to a potential upside of 14.94% from the stock’s previous close.

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

BigCommerce Price Performance

BIGC opened at $6.09 on Friday. BigCommerce has a 52-week low of $5.13 and a 52-week high of $8.98. The company has a 50 day moving average of $6.60 and a two-hundred day moving average of $6.46. The company has a market cap of $477.33 million, a P/E ratio of -16.92 and a beta of 1.18. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48.

Institutional Inflows and Outflows

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

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.