Barclays Has Lowered Expectations for BigCommerce (NASDAQ:BIGC) Stock Price

BigCommerce (NASDAQ:BIGC) had its target price lowered by Barclays from $7.00 to $6.00 in a research note issued to investors on Monday,Benzinga reports. Barclays currently has an underweight rating on the stock.

Several other equities analysts have also recently weighed in on BIGC. Morgan Stanley cut their price target on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of BigCommerce in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $7.40.

BigCommerce Trading Down 3.9 %

BIGC stock opened at $4.89 on Monday. The company has a market capitalization of $384.35 million, a price-to-earnings ratio of -13.97 and a beta of 1.17. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81. BigCommerce has a 1-year low of $4.85 and a 1-year high of $8.60. The business has a 50 day simple moving average of $6.01 and a two-hundred day simple moving average of $6.21.

BigCommerce (NASDAQ:BIGC) last posted 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). BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. The company had revenue of $87.03 million for the quarter, compared to analysts’ expectations of $86.90 million. Research analysts anticipate that BigCommerce will post -0.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other BigCommerce news, Director Ellen F. Siminoff acquired 177,158 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $6.64 per share, with a total value of $1,176,329.12. Following the completion of the acquisition, the director now directly owns 253,333 shares in the company, valued at $1,682,131.12. This represents a 232.57 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BIGC. GAMMA Investing LLC boosted its holdings in shares of BigCommerce by 8,196.8% in the 1st quarter. GAMMA Investing LLC now owns 5,144 shares of the company’s stock valued at $30,000 after buying an additional 5,082 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in BigCommerce in the fourth quarter valued at approximately $35,000. New York State Common Retirement Fund grew its holdings in BigCommerce by 105.3% in the fourth quarter. New York State Common Retirement Fund now owns 8,579 shares of the company’s stock worth $53,000 after purchasing an additional 4,400 shares during the last quarter. Headlands Technologies LLC lifted its holdings in shares of BigCommerce by 260.5% during the 4th quarter. Headlands Technologies LLC now owns 9,938 shares of the company’s stock valued at $61,000 after purchasing an additional 7,181 shares during the last quarter. Finally, Next Level Private LLC acquired a new stake in shares of BigCommerce in the 1st quarter worth $58,000. 79.21% of the stock is 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.