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

BigCommerce (NASDAQ:BIGC - Get Free Report) issued its quarterly 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 return on equity of 52.65% and a negative net margin of 8.12%. The business had revenue of $87.03 million during the quarter, compared to analysts' expectations of $86.90 million. BigCommerce updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

BigCommerce Stock Down 0.2 %

NASDAQ BIGC traded down $0.01 during trading on Friday, reaching $6.23. 4,524,908 shares of the company's stock traded hands, compared to its average volume of 786,107. The company's 50 day simple moving average is $6.40 and its two-hundred day simple moving average is $6.18. BigCommerce has a 12-month low of $5.13 and a 12-month high of $8.93. The firm has a market cap of $488.31 million, a price-to-earnings ratio of -17.80 and a beta of 1.18. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price target on shares of BigCommerce in a report on Friday. Barclays lowered shares of BigCommerce from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $8.00 to $7.00 in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $8.14.

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.