Bigcommerce (NASDAQ:CMRC) Announces Earnings Results, Meets Estimates

Key Points

• BigCommerce reported a quarterly earnings per share (EPS) of $0.04, meeting analysts' expectations, while revenue increased by 3.2% year-over-year to $84.43 million.
• The company's net margin was -5.37% and it had a return on equity of -26.12%, indicating financial challenges despite meeting revenue targets.
• BigCommerce stock saw a 4.4% increase on Friday, following the earnings report, with significant trading volume suggesting heightened investor interest.

Bigcommerce (NASDAQ:CMRC - Get Free Report) released its earnings results on Thursday. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04, Briefing.com reports. The business had revenue of $84.43 million during the quarter, compared to analyst estimates of $83.30 million. The business's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 earnings per share. Bigcommerce updated its Q3 2025 guidance to EPS and its FY 2025 guidance to EPS.

Bigcommerce Trading Up 4.2%

NASDAQ:CMRC traded up $0.19 on Monday, hitting $4.68. 141,860 shares of the stock were exchanged, compared to its average volume of 832,126. Bigcommerce has a fifty-two week low of $4.47 and a fifty-two week high of $7.99. The stock has a fifty day moving average of $5.02 and a 200-day moving average of $5.58. The stock has a market cap of $374.86 million, a PE ratio of -21.27 and a beta of 1.15.

Wall Street Analyst Weigh In

CMRC has been the subject of several analyst reports. Barclays dropped their target price on Bigcommerce from $7.00 to $6.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Canaccord Genuity Group reiterated a "buy" rating and issued a $11.00 target price on shares of Bigcommerce in a research note on Friday. Wall Street Zen lowered Bigcommerce from a "buy" rating to a "hold" rating in a research note on Saturday. The Goldman Sachs Group dropped their target price on Bigcommerce from $9.50 to $8.50 and set a "neutral" rating for the company in a research note on Friday, May 9th. Finally, Morgan Stanley dropped their price target on 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 analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $8.07.

Institutional Investors Weigh In On Bigcommerce

An institutional investor recently raised its position in Bigcommerce stock. AQR Capital Management LLC lifted its stake in Bigcommerce Holdings, Inc. (NASDAQ:CMRC - Free Report) by 2,028.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,583 shares of the company's stock after buying an additional 265,492 shares during the period. AQR Capital Management LLC owned approximately 0.35% of Bigcommerce worth $1,605,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 79.21% of the company's stock.

Bigcommerce Company Profile

BigCommerce Holdings, Inc operates a software-as-a-service platform for small businesses, mid-markets, and large enterprises in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and internationally. The company's platform provides various services for launching and scaling e-commerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integrations.