BigCommerce (NASDAQ:BIGC) Issues Quarterly Earnings Results, Misses Estimates By $0.05 EPS

BigCommerce (NASDAQ:BIGC) released its earnings results on Thursday. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.05), Zacks reports. BigCommerce had a negative net margin of 8.43% and a negative return on equity of 58.18%. BigCommerce updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

BigCommerce Stock Up 0.4 %

Shares of BIGC stock traded up $0.03 during trading hours on Thursday, reaching $6.72. The company had a trading volume of 771,686 shares, compared to its average volume of 708,999. BigCommerce has a 12 month low of $5.13 and a 12 month high of $8.93. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81. The business has a fifty day simple moving average of $6.43 and a 200-day simple moving average of $6.18. The company has a market cap of $526.71 million, a price-to-earnings ratio of -18.75 and a beta of 1.18.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BIGC. Barclays downgraded BigCommerce from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $8.00 to $7.00 in a report on Friday, January 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 target price on shares of BigCommerce in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $8.14.

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.