BigCommerce (NASDAQ:BIGC) Given New $6.00 Price Target at Barclays

BigCommerce (NASDAQ:BIGC - Free Report) had its target price lowered by Barclays from $7.00 to $6.00 in a report issued on Monday morning,Benzinga reports. The firm currently has an underweight rating on the stock.

BIGC has been the subject of several other reports. Needham & Company LLC reiterated a "buy" rating and set a $10.00 price target on shares of BigCommerce in a research report on Wednesday, March 12th. Morgan Stanley dropped their price target on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $7.40.

BigCommerce Trading Up 2.5 %

Shares of BigCommerce stock traded up $0.13 on Monday, hitting $5.25. 681,964 shares of the company traded hands, compared to its average volume of 882,021. BigCommerce has a 52 week low of $4.85 and a 52 week high of $8.60. The stock's 50 day moving average price is $5.90 and its 200-day moving average price is $6.19. The company has a market cap of $412.65 million, a PE ratio of -15.00 and a beta of 1.17. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48.

BigCommerce (NASDAQ:BIGC - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.05). The firm had revenue of $87.03 million during the quarter, compared to analyst estimates of $86.90 million. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. Equities research analysts predict that BigCommerce will post -0.16 EPS for the current year.

Insiders Place Their Bets

In related news, Director Ellen F. Siminoff acquired 177,158 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $6.64 per share, for a total transaction of $1,176,329.12. Following the acquisition, the director now owns 253,333 shares in the company, valued at $1,682,131.12. The trade was a 232.57 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.06% of the stock is currently owned by insiders.

Institutional Trading of BigCommerce

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BIGC. Next Level Private LLC acquired a new position in BigCommerce in the 1st quarter valued at about $58,000. Rhumbline Advisers grew its holdings in shares of BigCommerce by 3.6% in the first quarter. Rhumbline Advisers now owns 101,451 shares of the company's stock valued at $584,000 after purchasing an additional 3,535 shares in the last quarter. GAMMA Investing LLC increased its stake in BigCommerce by 8,196.8% during the 1st quarter. GAMMA Investing LLC now owns 5,144 shares of the company's stock worth $30,000 after buying an additional 5,082 shares during the period. Mackenzie Financial Corp acquired a new stake in BigCommerce during the 4th quarter worth approximately $482,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in BigCommerce by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 111,052 shares of the company's stock valued at $680,000 after buying an additional 18,903 shares during the period. 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.