Mirae Asset Global Investments Co. Ltd. Boosts Stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,469 shares of the company’s stock after buying an additional 2,308 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.13% of BigCommerce worth $997,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BIGC. AXQ Capital LP purchased a new position in BigCommerce in the third quarter worth $110,000. Counterpoint Mutual Funds LLC purchased a new position in shares of BigCommerce in the 3rd quarter worth about $132,000. Dakota Wealth Management grew its position in BigCommerce by 24.6% during the third quarter. Dakota Wealth Management now owns 23,023 shares of the company’s stock valued at $227,000 after buying an additional 4,547 shares during the period. Aigen Investment Management LP purchased a new stake in BigCommerce during the third quarter worth about $245,000. Finally, Corton Capital Inc. raised its position in BigCommerce by 16.2% in the third quarter. Corton Capital Inc. now owns 29,487 shares of the company’s stock worth $291,000 after acquiring an additional 4,101 shares during the period. 79.21% of the stock is owned by institutional investors.

BigCommerce Stock Performance

NASDAQ BIGC opened at $5.80 on Wednesday. The company’s 50 day simple moving average is $7.17 and its two-hundred day simple moving average is $8.35. The company has a debt-to-equity ratio of 13.30, a current ratio of 4.83 and a quick ratio of 4.83. BigCommerce Holdings, Inc. has a 1 year low of $5.72 and a 1 year high of $12.75. The stock has a market capitalization of $444.28 million, a PE ratio of -6.74 and a beta of 0.80.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BIGC. Barclays dropped their price objective on BigCommerce from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, April 15th. Piper Sandler decreased their price objective on BigCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Truist Financial dropped their price objective on shares of BigCommerce from $10.00 to $9.00 and set a “hold” rating on the stock in a report on Friday, February 23rd. 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of BigCommerce in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.25.

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.