Short Interest in BigCommerce Holdings, Inc. (NASDAQ:BIGC) Drops By 14.6%

BigCommerce Holdings, Inc. (NASDAQ:BIGC - Get Free Report) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 5,570,000 shares, a decline of 14.6% from the December 15th total of 6,520,000 shares. Based on an average trading volume of 901,100 shares, the short-interest ratio is presently 6.2 days. Approximately 8.8% of the shares of the company are sold short.

Analyst Ratings Changes

BIGC has been the topic of a number of recent research reports. Barclays downgraded BigCommerce from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $8.00 to $7.00 in a report on Friday, January 10th. Stifel Nicolaus dropped their price objective on shares of BigCommerce from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, October 3rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $10.00 target price on shares of BigCommerce in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $8.31.

BigCommerce Stock Performance

NASDAQ BIGC traded down $0.01 on Friday, reaching $6.13. 538,604 shares of the stock were exchanged, compared to its average volume of 728,500. The firm has a market capitalization of $480.47 million, a PE ratio of -17.03 and a beta of 1.18. BigCommerce has a one year low of $5.13 and a one year high of $8.98. The company's 50-day simple moving average is $6.64 and its two-hundred day simple moving average is $6.42. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48.

Institutional Trading of BigCommerce

Institutional investors and hedge funds have recently modified their holdings of the company. Canada Pension Plan Investment Board purchased a new stake in BigCommerce in the 2nd quarter worth $35,000. Virtu Financial LLC purchased a new stake in shares of BigCommerce during the third quarter worth about $61,000. HighTower Advisors LLC grew 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 in the last quarter. Harbor Capital Advisors Inc. raised its stake in BigCommerce by 93.4% during the 3rd 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 position in BigCommerce in the 3rd quarter worth 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.

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