BigCommerce (NASDAQ:BIGC) Price Target Raised to $8.00

BigCommerce (NASDAQ:BIGC) had its price target raised by Barclays from $7.00 to $8.00 in a research note released on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts also recently issued research reports about the company. Needham & Company LLC reissued a “buy” rating and set a $14.00 price objective on shares of BigCommerce in a report on Thursday, October 3rd. Bank of America cut their price target on BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a research note on Thursday, August 29th. Finally, Stifel Nicolaus lowered 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 investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, BigCommerce presently has a consensus rating of “Hold” and a consensus price target of $8.94.

BigCommerce Price Performance

Shares of NASDAQ:BIGC opened at $7.75 on Friday. BigCommerce has a one year low of $5.13 and a one year high of $10.19. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81. The company has a market cap of $607.45 million, a price-to-earnings ratio of -21.53 and a beta of 1.15. The firm has a 50 day simple moving average of $6.13 and a 200 day simple moving average of $6.70.

Institutional Inflows and Outflows

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

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.