BigCommerce (NASDAQ:BIGC) Trading Down 6.5% – Should You Sell?

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) traded down 6.5% during trading on Thursday . The stock traded as low as $7.19 and last traded at $7.20. 268,674 shares changed hands during trading, a decline of 67% from the average session volume of 812,502 shares. The stock had previously closed at $7.70.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BIGC shares. Barclays lifted their price target on shares of BigCommerce from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Stifel Nicolaus cut their target price on BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price target on shares of BigCommerce in a research report on Monday. Finally, Bank of America cut their price objective on BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a report on Thursday, August 29th. One investment 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, BigCommerce presently has an average rating of “Hold” and an average target price of $8.44.

BigCommerce Price Performance

The stock has a market capitalization of $560.42 million, a price-to-earnings ratio of -19.78 and a beta of 1.15. 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 stock has a 50-day simple moving average of $6.24 and a 200 day simple moving average of $6.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board purchased a new stake in BigCommerce in the 2nd quarter worth approximately $35,000. Virtu Financial LLC acquired a new position in shares of BigCommerce in the third quarter worth $61,000. AQR Capital Management LLC purchased a new stake in shares of BigCommerce during the second quarter worth $121,000. HighTower Advisors LLC boosted its position in BigCommerce by 16.8% during the third quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock valued at $89,000 after purchasing an additional 2,200 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in BigCommerce during the third quarter valued at $920,000. 79.21% of the stock is owned by hedge funds and other 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.