International Assets Investment Management LLC Invests $3.70 Million in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

International Assets Investment Management LLC purchased a new position in BigCommerce Holdings, Inc. (NASDAQ:BIGC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 36,001 shares of the company’s stock, valued at approximately $3,700,000.

A number of other hedge funds have also modified their holdings of BIGC. JPMorgan Chase & Co. increased its position in BigCommerce by 80.9% during the first quarter. JPMorgan Chase & Co. now owns 191,173 shares of the company’s stock worth $4,188,000 after buying an additional 85,493 shares during the last quarter. Raymond James & Associates increased its position in BigCommerce by 87.0% during the first quarter. Raymond James & Associates now owns 10,848 shares of the company’s stock worth $238,000 after buying an additional 5,048 shares during the last quarter. Bank of New York Mellon Corp increased its position in BigCommerce by 3.7% during the first quarter. Bank of New York Mellon Corp now owns 625,583 shares of the company’s stock worth $13,707,000 after buying an additional 22,357 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in BigCommerce by 14.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,621 shares of the company’s stock worth $518,000 after buying an additional 2,911 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in BigCommerce by 8.2% during the first quarter. HighTower Advisors LLC now owns 18,730 shares of the company’s stock worth $414,000 after buying an additional 1,425 shares during the last quarter. 79.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BIGC. Bank of America restated an “underperform” rating and set a $7.50 price target (down from $11.00) on shares of BigCommerce in a report on Monday, March 25th. Piper Sandler decreased their price target on shares of BigCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Barclays decreased their price target on shares of BigCommerce from $10.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday. Truist Financial decreased their price target on shares of BigCommerce from $10.00 to $9.00 and set a “hold” rating for the company in a report on Friday, February 23rd. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of BigCommerce in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, BigCommerce presently has a consensus rating of “Hold” and an average price target of $10.25.

BigCommerce Stock Down 0.7 %

NASDAQ BIGC opened at $5.85 on Thursday. The company has a debt-to-equity ratio of 13.30, a quick ratio of 4.83 and a current ratio of 4.83. The firm has a 50-day simple moving average of $7.38 and a 200 day simple moving average of $8.46. BigCommerce Holdings, Inc. has a twelve month low of $5.81 and a twelve month high of $12.75. The stock has a market cap of $448.11 million, a PE ratio of -6.80 and a beta of 0.80.

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.