BigCommerce (BIGC) to Release Quarterly Earnings on Thursday

BigCommerce (NASDAQ:BIGC) will 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 that are interested in participating in the company’s conference call can do so using this link.

BigCommerce Stock Up 11.0 %

BIGC opened at $6.94 on Wednesday. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 13.30. The firm has a 50 day moving average price of $6.72 and a 200-day moving average price of $8.11. BigCommerce has a twelve month low of $5.62 and a twelve month high of $12.75. The stock has a market capitalization of $531.60 million, a price-to-earnings ratio of -8.07 and a beta of 0.84.

Analyst Ratings Changes

Several research analysts have recently weighed in on BIGC shares. Barclays decreased their price objective on shares of BigCommerce from $10.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, April 15th. Bank of America restated an “underperform” rating and set a $7.50 target price (down from $11.00) on shares of BigCommerce in a research report on Monday, March 25th. Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of BigCommerce in a research report on Tuesday, January 30th. Piper Sandler cut their target price on shares of BigCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, February 23rd. Finally, Morgan Stanley cut their target price on shares of BigCommerce from $10.00 to $8.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, BigCommerce has a consensus rating of “Hold” and a consensus price target of $10.25.

About BigCommerce

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.