BigCommerce Holdings, Inc. (NASDAQ:BIGC – Get Free Report) has been given a consensus rating of “Hold” by the eight research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $8.81.
Several equities research analysts have issued reports on the stock. Bank of America decreased their price target on shares of BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a research note on Thursday, August 29th. Barclays decreased their target price on shares of BigCommerce from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Stifel Nicolaus lowered their target price on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $14.00 price target on shares of BigCommerce in a research note on Thursday, October 3rd.
Check Out Our Latest Report on BigCommerce
Institutional Trading of BigCommerce
BigCommerce Trading Down 2.0 %
Shares of BigCommerce stock opened at $5.45 on Wednesday. The business has a 50 day moving average price of $5.93 and a 200 day moving average price of $6.85. The company has a market capitalization of $421.15 million, a P/E ratio of -8.52 and a beta of 0.98. The company has a debt-to-equity ratio of 13.04, a current ratio of 4.51 and a quick ratio of 4.51. BigCommerce has a 1 year low of $5.35 and a 1 year high of $10.29.
BigCommerce (NASDAQ:BIGC – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $81.83 million for the quarter, compared to the consensus estimate of $81.13 million. BigCommerce had a negative return on equity of 82.39% and a negative net margin of 12.68%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.17) earnings per share. Sell-side analysts anticipate that BigCommerce will post -0.3 EPS for the current fiscal year.
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.
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