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

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

BigCommerce Stock Up 0.4 %

NASDAQ:BIGC traded up $0.03 on Thursday, hitting $6.72. 771,686 shares of the company’s stock traded hands, compared to its average volume of 708,999. The company has a market cap of $526.71 million, a PE ratio of -18.75 and a beta of 1.18. The firm has a 50-day moving average price of $6.43 and a 200-day moving average price of $6.18. BigCommerce has a 1 year low of $5.13 and a 1 year high of $8.93. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $10.00 price target on shares of BigCommerce in a research report on Monday, December 9th. Barclays cut shares of BigCommerce from an “equal weight” rating to an “underweight” rating and cut their price objective 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 issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.