BigCommerce (NASDAQ:BIGC) posted its quarterly earnings results on Sunday. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.02, MarketWatch Earnings reports. The firm had revenue of $32.90 million during the quarter, compared to the consensus estimate of $38.58 million. The company’s revenue for the quarter was up 43.0% compared to the same quarter last year.
NASDAQ:BIGC opened at $68.25 on Tuesday. BigCommerce has a 1 year low of $57.26 and a 1 year high of $162.50. The firm has a 50-day simple moving average of $72.48. The company has a quick ratio of 4.06, a current ratio of 4.06 and a debt-to-equity ratio of 0.06.
A number of research analysts have issued reports on BIGC shares. Guggenheim started coverage on shares of BigCommerce in a research report on Monday, October 26th. They set a “sell” rating and a $65.00 target price on the stock. Morgan Stanley increased their price objective on shares of BigCommerce from $53.00 to $55.00 and gave the company an “underweight” rating in a report on Friday, November 6th. Needham & Company LLC reduced their price objective on shares of BigCommerce from $132.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday. Zacks Investment Research cut shares of BigCommerce from a “buy” rating to a “hold” rating in a research report on Tuesday, November 10th. Finally, Wedbush restated a “neutral” rating and issued a $94.50 price target on shares of BigCommerce in a research report on Friday, November 6th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. BigCommerce has an average rating of “Hold” and a consensus price target of $81.81.
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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