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

International Assets Investment Management LLC purchased a new position in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 36,001 shares of the company’s stock, valued at approximately $3,700,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AXQ Capital LP bought a new position in BigCommerce during the third quarter worth about $110,000. Aigen Investment Management LP bought a new position in shares of BigCommerce in the third quarter valued at approximately $245,000. Corton Capital Inc. raised its stake in shares of BigCommerce by 16.2% in the third quarter. Corton Capital Inc. now owns 29,487 shares of the company’s stock valued at $291,000 after acquiring an additional 4,101 shares during the last quarter. Mizuho Markets Americas LLC raised its stake in shares of BigCommerce by 29.4% in the third quarter. Mizuho Markets Americas LLC now owns 39,598 shares of the company’s stock valued at $391,000 after acquiring an additional 9,000 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new position in shares of BigCommerce in the third quarter valued at approximately $590,000. Institutional investors own 79.21% of the company’s stock.

BigCommerce Price Performance

BIGC opened at $7.53 on Friday. The company has a fifty day moving average price of $6.68 and a two-hundred day moving average price of $8.08. 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 market capitalization of $576.80 million, a PE ratio of -8.76 and a beta of 0.84. BigCommerce Holdings, Inc. has a 52 week low of $5.62 and a 52 week high of $12.75.

Analyst Upgrades and Downgrades

BIGC has been the subject of a number of research analyst reports. Bank of America reiterated an “underperform” rating and issued a $7.50 target price (down previously from $11.00) on shares of BigCommerce in a research note on Monday, March 25th. Truist Financial cut their target price on shares of BigCommerce from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. Piper Sandler cut their target price on shares of BigCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. Morgan Stanley cut their target price on shares of BigCommerce from $10.00 to $8.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th. Finally, Barclays lowered 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, April 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.25.

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.