BigCommerce (BIGC) to Release Quarterly Earnings on Thursday

BigCommerce (NASDAQ:BIGC) is scheduled to announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

BigCommerce Price Performance

Shares of NASDAQ BIGC opened at $5.83 on Thursday. The stock’s 50-day moving average is $6.83 and its two-hundred day moving average is $8.20. 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 has a 1-year low of $5.62 and a 1-year high of $12.75. The company has a market cap of $446.58 million, a price-to-earnings ratio of -6.78 and a beta of 0.80.

Analysts Set New Price Targets

BIGC has been the topic of several recent research reports. Barclays cut their price target on BigCommerce from $10.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. 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. Bank of America restated an “underperform” rating and set a $7.50 price target (down previously from $11.00) on shares of BigCommerce in a report on Monday, March 25th. Morgan Stanley dropped their price objective on BigCommerce from $10.00 to $8.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Finally, Truist Financial dropped their price objective on BigCommerce from $10.00 to $9.00 and set a “hold” rating on the stock in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, BigCommerce currently has a consensus rating of “Hold” and a consensus target price of $10.25.

BigCommerce Company 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.