BigCommerce Holdings, Inc. (NASDAQ:BIGC - Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 8,610,000 shares, an increase of 5.9% from the October 15th total of 8,130,000 shares. Based on an average daily volume of 994,000 shares, the days-to-cover ratio is presently 8.7 days. Approximately 13.7% of the company's shares are short sold.

A number of research firms have recently commented on BIGC. Bank of America reduced their price target on shares of BigCommerce from $8.00 to $6.00 and set an "underperform" rating on the stock in a research note on Thursday, August 29th. Stifel Nicolaus reduced their target price on shares of BigCommerce from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, October 3rd. Barclays decreased their price target on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Monday, August 5th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $14.00 price objective on shares of BigCommerce 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's stock. According to data from MarketBeat.com, BigCommerce has a consensus rating of "Hold" and an average price target of $8.81.

Read Our Latest Research Report on BigCommerce

NASDAQ BIGC traded down $0.13 during midday trading on Friday, hitting $6.05. 1,279,518 shares of the company traded hands, compared to its average volume of 857,099. The company has a market cap of $474.20 million, a PE ratio of -16.81 and a beta of 0.99. 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 52 week low of $5.13 and a 52 week high of $10.19. The company's 50-day simple moving average is $5.76 and its 200-day simple moving average is $6.72.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of BigCommerce by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,600,219 shares of the company's stock valued at $9,363,000 after buying an additional 21,105 shares in the last quarter. Barclays PLC lifted its position in BigCommerce by 154.9% during the third quarter. Barclays PLC now owns 116,667 shares of the company's stock valued at $682,000 after acquiring an additional 70,902 shares during the last quarter. Jane Street Group LLC boosted its stake in BigCommerce by 88.2% in the third quarter. Jane Street Group LLC now owns 206,265 shares of the company's stock valued at $1,207,000 after acquiring an additional 96,667 shares in the last quarter. State Street Corp grew its holdings in BigCommerce by 1.1% in the third quarter. State Street Corp now owns 1,522,002 shares of the company's stock worth $8,904,000 after purchasing an additional 16,561 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of BigCommerce during the third quarter worth $105,000. Hedge funds and other institutional investors own 79.21% of the company's stock.

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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