BigCommerce (BIGC) Set to Announce Quarterly Earnings on Thursday

BigCommerce (NASDAQ:BIGC) is set to release its earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

BigCommerce Stock Up 4.7 %

BigCommerce stock opened at $6.25 on Tuesday. The stock has a 50-day simple moving average of $6.72 and a 200-day simple moving average of $8.11. The company has a market capitalization of $478.75 million, a P/E ratio of -7.27 and a beta of 0.84. The company has a debt-to-equity ratio of 13.30, a quick ratio of 4.83 and a current ratio of 4.83. BigCommerce has a fifty-two week low of $5.62 and a fifty-two week high of $12.75.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BIGC shares. Piper Sandler reduced their price objective on BigCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. The Goldman Sachs Group downgraded shares of BigCommerce from a “buy” rating to a “neutral” rating and reduced their price target for the company from $11.50 to $9.50 in a research report on Monday, February 5th. Barclays lowered their price objective on shares of BigCommerce from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. Bank of America reaffirmed an “underperform” rating and issued a $7.50 target price (down from $11.00) on shares of BigCommerce in a report on Monday, March 25th. Finally, Truist Financial lowered their price target on BigCommerce from $10.00 to $9.00 and set a “hold” rating on the stock in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.25.

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.