Wall Street brokerages predict that BigCommerce Holdings, Inc. (NASDAQ:BIGC) will announce sales of $42.18 million for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for BigCommerce's earnings, with estimates ranging from $41.94 million to $42.70 million. The business is expected to report its next quarterly earnings results on Monday, May 24th.
According to Zacks, analysts expect that BigCommerce will report full year sales of $190.72 million for the current fiscal year, with estimates ranging from $189.76 million to $192.00 million. For the next fiscal year, analysts expect that the company will post sales of $234.10 million, with estimates ranging from $228.00 million to $240.00 million. Zacks' sales averages are an average based on a survey of research firms that cover BigCommerce.
BigCommerce (NASDAQ:BIGC) last released its quarterly earnings results on Sunday, February 21st. The company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.14) by $0.02. The firm had revenue of $32.90 million for the quarter, compared to the consensus estimate of $38.58 million. BigCommerce's quarterly revenue was up 43.0% compared to the same quarter last year.
A number of research analysts recently weighed in on BIGC shares. Barclays raised shares of BigCommerce from an "equal weight" rating to a "positive" rating and dropped their price target for the company from $72.00 to $64.00 in a research report on Friday, April 9th. They noted that the move was a valuation call. JPMorgan Chase & Co. started coverage on shares of BigCommerce in a research report on Monday, March 22nd. They set a "neutral" rating and a $55.00 price target on the stock. William Blair initiated coverage on shares of BigCommerce in a research report on Tuesday, January 12th. They set a "market perform" rating on the stock. Raymond James reaffirmed a "hold" rating on shares of BigCommerce in a research report on Wednesday, February 24th. Finally, Needham & Company LLC lowered their price objective on shares of BigCommerce from $132.00 to $85.00 and set a "buy" rating on the stock in a research report on Monday, March 1st. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company's stock. The stock has an average rating of "Hold" and an average price target of $79.37.
In related news, CTO Brian Singh Dhatt sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, February 24th. The shares were sold at an average price of $69.19, for a total transaction of $691,900.00. Following the completion of the transaction, the chief technology officer now owns 86,624 shares of the company's stock, valued at $5,993,514.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ellen F. Siminoff sold 2,500 shares of the business's stock in a transaction that occurred on Friday, March 26th. The shares were sold at an average price of $53.81, for a total transaction of $134,525.00. Following the transaction, the director now directly owns 71,127 shares of the company's stock, valued at approximately $3,827,343.87. The disclosure for this sale can be found here. Insiders sold 1,857,882 shares of company stock valued at $110,766,488 in the last quarter.
Large investors have recently modified their holdings of the stock. Creative Planning purchased a new position in BigCommerce during the fourth quarter valued at approximately $1,714,000. Virtu Financial LLC purchased a new position in BigCommerce during the third quarter valued at approximately $1,593,000. State Street Corp purchased a new position in BigCommerce in the 3rd quarter worth approximately $5,883,000. Needham Investment Management LLC grew its stake in BigCommerce by 185.4% in the 4th quarter. Needham Investment Management LLC now owns 71,362 shares of the company's stock worth $4,578,000 after buying an additional 46,362 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in BigCommerce in the 4th quarter worth approximately $184,000. 19.00% of the stock is owned by institutional investors.
BIGC opened at $59.36 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.06 and a quick ratio of 4.06. The company's 50-day moving average is $57.99 and its 200 day moving average is $72.19. BigCommerce has a fifty-two week low of $50.59 and a fifty-two week high of $162.50.
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. The company's platform provides various services for launching and scaling ecommerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integrations.
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