BigCommerce (NASDAQ:BIGC) Announces Earnings Results

BigCommerce (NASDAQ:BIGC - Get Free Report) issued its quarterly earnings data on Thursday, May 8th. The company reported $0.07 earnings per share (EPS) for the quarter, topping 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 company had revenue of $82.37 million for the quarter, compared to the consensus estimate of $82.48 million. During the same period last year, the firm posted $0.07 EPS. 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 Price Performance

BIGC traded down $0.19 during midday trading on Thursday, reaching $5.16. 96,036 shares of the company's stock were exchanged, compared to its average volume of 860,388. The stock has a market capitalization of $405.18 million, a PE ratio of -14.75 and a beta of 1.18. BigCommerce has a 1-year low of $4.85 and a 1-year high of $8.60. 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's 50-day moving average price is $5.49 and its 200 day moving average price is $6.16.

Insider Transactions at BigCommerce

In other BigCommerce news, Director Ellen F. Siminoff purchased 177,158 shares of BigCommerce stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $6.64 per share, with a total value of $1,176,329.12. Following the completion of the transaction, the director now directly owns 253,333 shares in the company, valued at approximately $1,682,131.12. This represents a 232.57% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.99% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Morgan Stanley reduced their price objective 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. The Goldman Sachs Group reduced their price objective on shares of BigCommerce from $9.50 to $8.50 and set a "neutral" rating for the company in a research note on Friday, May 9th. Barclays cut their target price 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. Finally, 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. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.58.

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.