International Assets Investment Management LLC Invests $920,000 in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

International Assets Investment Management LLC purchased a new position in BigCommerce Holdings, Inc. (NASDAQ:BIGC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,795 shares of the company’s stock, valued at approximately $920,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its position in shares of BigCommerce by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,167 shares of the company’s stock worth $219,000 after acquiring an additional 2,056 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in BigCommerce by 6.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 50,794 shares of the company’s stock valued at $350,000 after purchasing an additional 3,188 shares during the period. Canada Pension Plan Investment Board acquired a new stake in BigCommerce during the 2nd quarter valued at $35,000. Rhumbline Advisers boosted its stake in BigCommerce by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 101,556 shares of the company’s stock valued at $819,000 after acquiring an additional 7,849 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of BigCommerce during the 1st quarter valued at approximately $80,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Bank of America cut their price target on BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a report on Thursday, August 29th. Barclays reduced their price target on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Stifel Nicolaus decreased their price target on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $14.00 price target on shares of BigCommerce in a research note on Thursday, October 3rd. One 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 MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $8.81.

BigCommerce Stock Down 2.3 %

Shares of BIGC stock opened at $5.14 on Tuesday. The stock has a market cap of $399.64 million, a price-to-earnings ratio of -9.52 and a beta of 0.99. The company has a debt-to-equity ratio of 13.04, a quick ratio of 4.51 and a current ratio of 4.51. BigCommerce Holdings, Inc. has a 52-week low of $5.13 and a 52-week high of $10.29. The firm’s 50-day moving average is $5.71 and its 200-day moving average is $6.71.

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.