BigCommerce (NASDAQ:BIGC) Stock Price Expected to Rise, Barclays Analyst Says

BigCommerce (NASDAQ:BIGC) had its price objective lifted by Barclays from $7.00 to $8.00 in a report published on Friday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities analysts have also recently commented on BIGC. Bank of America dropped their target price on shares of BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a research report on Thursday, August 29th. Needham & Company LLC reiterated a “buy” rating and set a $14.00 price target on shares of BigCommerce in a report on Thursday, October 3rd. Finally, Stifel Nicolaus reduced their price objective on BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, BigCommerce has a consensus rating of “Hold” and a consensus price target of $8.94.

BigCommerce Price Performance

BIGC opened at $7.75 on Friday. BigCommerce has a 1 year low of $5.13 and a 1 year high of $10.19. The company has a market capitalization of $607.45 million, a price-to-earnings ratio of -21.53 and a beta of 1.15. The firm’s fifty day moving average price is $6.13 and its two-hundred day moving average price is $6.70. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81.

Institutional Trading of BigCommerce

Several hedge funds have recently made changes to their positions in BIGC. Canada Pension Plan Investment Board purchased a new stake in BigCommerce in the 2nd quarter worth about $35,000. Virtu Financial LLC bought a new position in BigCommerce during the third quarter worth about $61,000. HighTower Advisors LLC increased its stake in shares of BigCommerce by 16.8% in 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 in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of BigCommerce by 93.4% in the third quarter. Harbor Capital Advisors Inc. now owns 17,179 shares of the company’s stock valued at $100,000 after purchasing an additional 8,297 shares during the period. Finally, Aigen Investment Management LP purchased a new stake in shares of BigCommerce during the 3rd quarter valued at approximately $105,000. 79.21% of the stock is currently owned by 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.