BigCommerce (NASDAQ:BIGC) issued its quarterly earnings data on Sunday. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.02, MarketWatch Earnings reports. The firm had revenue of $32.90 million for the quarter, compared to analyst estimates of $38.58 million. The business’s quarterly revenue was up 43.0% compared to the same quarter last year.
Shares of NASDAQ BIGC traded down $4.84 during midday trading on Tuesday, reaching $63.41. The company’s stock had a trading volume of 342,976 shares, compared to its average volume of 2,834,417. BigCommerce has a 12-month low of $57.26 and a 12-month high of $162.50. The company has a quick ratio of 4.06, a current ratio of 4.06 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average price of $72.48.
BIGC has been the subject of several research analyst reports. Truist upgraded shares of BigCommerce from a “hold” rating to a “buy” rating and upped their price target for the company from $80.00 to $95.00 in a report on Monday, November 16th. Needham & Company LLC reduced their target price on shares of BigCommerce from $132.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday. Smith Barney Citigroup started coverage on shares of BigCommerce in a report on Friday, November 13th. They set a “sell” rating and a $65.00 target price for the company. Wedbush restated a “neutral” rating and set a $94.50 target price on shares of BigCommerce in a report on Friday, November 6th. Finally, Stifel Nicolaus started coverage on shares of BigCommerce in a report on Monday, November 16th. They set a “buy” rating and a $80.00 target price for the company. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $82.19.
BigCommerce Holdings, Inc operates a software-as-a-service platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's platform simplifies the creation of engaging online stores. It powers its customers' branded ecommerce stores and their cross-channel connections to various online marketplaces, social networks, and offline point-of-sale systems.
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