International Assets Investment Management LLC Acquires New Stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

International Assets Investment Management LLC acquired a new stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 36,001 shares of the company’s stock, valued at approximately $3,700,000.

Several other institutional investors have also added to or reduced their stakes in BIGC. Vanguard Group Inc. increased its stake in BigCommerce by 8.4% in the 3rd quarter. Vanguard Group Inc. now owns 8,943,419 shares of the company’s stock valued at $88,272,000 after buying an additional 693,728 shares during the last quarter. Deutsche Bank AG increased its stake in BigCommerce by 3.9% in the 3rd quarter. Deutsche Bank AG now owns 115,968 shares of the company’s stock valued at $1,145,000 after buying an additional 4,380 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in BigCommerce by 94.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 706,676 shares of the company’s stock valued at $6,975,000 after buying an additional 343,855 shares during the last quarter. Tudor Investment Corp Et Al increased its stake in BigCommerce by 94.2% in the 3rd quarter. Tudor Investment Corp Et Al now owns 195,138 shares of the company’s stock valued at $1,926,000 after buying an additional 94,655 shares during the last quarter. Finally, Morgan Stanley increased its stake in BigCommerce by 22.5% in the 3rd quarter. Morgan Stanley now owns 4,266,223 shares of the company’s stock valued at $42,108,000 after buying an additional 782,862 shares during the last quarter. 79.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BIGC has been the topic of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of BigCommerce in a research note on Tuesday, January 30th. Morgan Stanley lowered their price objective on shares of BigCommerce from $10.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Truist Financial lowered their price objective on shares of BigCommerce from $10.00 to $9.00 and set a “hold” rating on the stock in a research note on Friday, February 23rd. The Goldman Sachs Group lowered shares of BigCommerce from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $11.50 to $9.50 in a research note on Monday, February 5th. Finally, Piper Sandler lowered their price objective on shares of BigCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $10.25.

BigCommerce Stock Down 0.7 %

Shares of BIGC opened at $5.85 on Thursday. BigCommerce Holdings, Inc. has a 52 week low of $5.81 and a 52 week high of $12.75. The firm has a market cap of $448.11 million, a P/E ratio of -6.80 and a beta of 0.80. The firm’s 50-day simple moving average is $7.38 and its 200 day simple moving average is $8.46. The company has a debt-to-equity ratio of 13.30, a quick ratio of 4.83 and a current ratio of 4.83.

BigCommerce 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.