UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Position in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 22.2% in the 3rd quarter, Holdings Channel reports. The firm owned 92,149 shares of the company’s stock after selling 26,232 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in BigCommerce were worth $539,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BIGC. Catalytic Wealth RIA LLC bought a new stake in shares of BigCommerce in the 2nd quarter worth approximately $188,000. Rhumbline Advisers boosted its stake in BigCommerce by 8.4% during the second quarter. Rhumbline Advisers now owns 101,556 shares of the company’s stock worth $819,000 after acquiring an additional 7,849 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in BigCommerce during the second quarter valued at $35,000. Marshall Wace LLP bought a new stake in shares of BigCommerce during the second quarter valued at approximately $773,000. Finally, 272 Capital LP boosted its position in shares of BigCommerce by 40.0% during the second quarter. 272 Capital LP now owns 884,750 shares of the company’s stock valued at $7,131,000 after buying an additional 252,946 shares during the last quarter. Institutional investors own 79.21% of the company’s stock.

BigCommerce Price Performance

BIGC opened at $6.18 on Friday. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. The company has a market capitalization of $484.39 million, a price-to-earnings ratio of -17.17 and a beta of 1.15. The business’s fifty day simple moving average is $6.39 and its 200-day simple moving average is $6.64. BigCommerce Holdings, Inc. has a 12-month low of $5.13 and a 12-month high of $10.19.

Analysts Set New Price Targets

BIGC has been the subject of several research reports. Barclays increased their price objective on shares of BigCommerce from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Stifel Nicolaus decreased their price target on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Needham & Company LLC reissued a “buy” rating and set a $10.00 target price on shares of BigCommerce in a research report on Monday, December 9th. Finally, Bank of America lowered their price target on BigCommerce from $8.00 to $6.00 and set an “underperform” rating for the company in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $8.44.

BigCommerce 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.