BigCommerce (NASDAQ:BIGC) Announces Earnings Results, Beats Estimates By $0.01 EPS

BigCommerce (NASDAQ:BIGC - Get Free Report) released its earnings results on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01, Briefing.com reports. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. The business had revenue of $82.37 million for the quarter, compared to analyst estimates of $82.48 million. During the same quarter in the previous year, the business earned $0.07 earnings per share. BigCommerce's revenue for the quarter was up 2.5% on a year-over-year basis. BigCommerce updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

BigCommerce Stock Down 1.5 %

BIGC traded down $0.08 during trading on Friday, hitting $5.16. 946,417 shares of the company's stock were exchanged, compared to its average volume of 860,165. BigCommerce has a fifty-two week low of $4.85 and a fifty-two week high of $8.60. The stock has a market cap of $405.58 million, a P/E ratio of -14.74 and a beta of 1.18. The business's 50 day moving average is $5.56 and its two-hundred day moving average is $6.16. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BIGC. Needham & Company LLC restated a "buy" rating and set a $10.00 target price on shares of BigCommerce in a research report on Wednesday, March 12th. Barclays reduced their price objective on shares of BigCommerce from $7.00 to $6.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. The Goldman Sachs Group dropped their target price on shares of BigCommerce from $9.50 to $8.50 and set a "neutral" rating on the stock in a research report on Friday. Finally, Morgan Stanley decreased their price target on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, BigCommerce presently has an average rating of "Hold" and an average price target of $7.58.

Insider Activity

In other BigCommerce news, Director Ellen F. Siminoff bought 177,158 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $6.64 per share, for a total transaction of $1,176,329.12. Following the acquisition, the director now directly owns 253,333 shares of the company's stock, valued at approximately $1,682,131.12. The trade was a 232.57 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.99% of the company's stock.

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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