BigCommerce (BIGC) Scheduled to Post Quarterly Earnings on Thursday

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

BigCommerce Stock Performance

BigCommerce stock opened at $6.94 on Wednesday. The stock’s 50-day moving average is $6.72 and its 200-day moving average is $8.11. The company has a market cap of $531.60 million, a price-to-earnings ratio of -8.07 and a beta of 0.84. The company has a debt-to-equity ratio of 13.30, a current ratio of 4.83 and a quick ratio of 4.83. BigCommerce has a 12 month low of $5.62 and a 12 month high of $12.75.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BIGC. Morgan Stanley cut their price objective on BigCommerce from $10.00 to $8.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of BigCommerce in a report on Tuesday, January 30th. Bank of America reiterated an “underperform” rating and set a $7.50 target price (down from $11.00) on shares of BigCommerce in a report on Monday, March 25th. Barclays dropped their target price on BigCommerce from $10.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. Finally, Truist Financial dropped their target price on BigCommerce from $10.00 to $9.00 and set a “hold” rating on the stock in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.25.

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.