BigCommerce (NASDAQ:BIGC) announced its earnings results on Sunday. The company reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.02, MarketWatch Earnings reports. The firm had revenue of $32.90 million for the quarter, compared to the consensus estimate of $38.58 million. BigCommerce’s revenue for the quarter was up 43.0% compared to the same quarter last year.
Shares of BigCommerce stock traded down $4.92 on Tuesday, hitting $63.33. 6,946,572 shares of the company traded hands, compared to its average volume of 2,952,888. The stock’s 50-day moving average is $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. BigCommerce has a 12-month low of $53.19 and a 12-month high of $162.50.
BIGC has been the topic of several recent analyst reports. Truist raised BigCommerce from a “hold” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $95.00 in a report on Monday, November 16th. Guggenheim initiated coverage on BigCommerce in a report on Monday, October 26th. They set a “sell” rating and a $65.00 target price on the stock. Stifel Nicolaus initiated coverage on BigCommerce in a report on Monday, November 16th. They set a “buy” rating and a $80.00 target price on the stock. Piper Sandler assumed coverage on BigCommerce in a report on Wednesday, November 18th. They set an “overweight” rating and a $83.00 target price on the stock. Finally, Wedbush reaffirmed a “neutral” rating and issued a $94.50 price target on shares of BigCommerce in a report on Friday, November 6th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. BigCommerce has a consensus rating of “Hold” and an average price target 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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