BigCommerce (NASDAQ:BIGC) Updates Q2 2021 Earnings Guidance

BigCommerce (NASDAQ:BIGC) issued an update on its second quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share guidance of – for the period. The company issued revenue guidance of $46.40 million-$46.90 million, compared to the consensus revenue estimate of $45.67 million.

NASDAQ BIGC opened at $45.90 on Tuesday. BigCommerce has a 52 week low of $42.17 and a 52 week high of $162.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.06 and a current ratio of 4.06. The company has a 50-day moving average price of $54.82 and a two-hundred day moving average price of $66.00.

BigCommerce (NASDAQ:BIGC) last posted its earnings results on Monday, May 10th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.07. The firm had revenue of $46.70 million during the quarter, compared to the consensus estimate of $42.18 million. The business’s revenue for the quarter was up 40.7% on a year-over-year basis. Equities research analysts expect that BigCommerce will post -1.01 earnings per share for the current fiscal year.

BIGC has been the subject of several recent analyst reports. Truist Securities decreased their target price on shares of BigCommerce from $95.00 to $85.00 and set a buy rating for the company in a research report on Thursday, May 13th. Guggenheim raised shares of BigCommerce from a sell rating to a neutral rating in a research note on Wednesday, May 12th. Morgan Stanley upgraded shares of BigCommerce from an underweight rating to an equal weight rating and set a $57.00 price objective for the company in a report on Wednesday, May 12th. They noted that the move was a valuation call. JPMorgan Chase & Co. began coverage on shares of BigCommerce in a report on Monday, March 22nd. They issued a neutral rating and a $55.00 price objective for the company. Finally, Truist decreased their price objective on shares of BigCommerce from $95.00 to $85.00 and set a buy rating for the company in a report on Thursday, May 13th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. BigCommerce has a consensus rating of Hold and a consensus price target of $72.13.

In related news, insider Jimmy Duvall sold 120,409 shares of the firm’s stock in a transaction that occurred on Tuesday, February 23rd. The shares were sold at an average price of $61.49, for a total transaction of $7,403,949.41. Following the completion of the sale, the insider now directly owns 76,458 shares in the company, valued at $4,701,402.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeff Mengoli sold 23,790 shares of the firm’s stock in a transaction that occurred on Monday, March 15th. The stock was sold at an average price of $60.26, for a total transaction of $1,433,585.40. Following the completion of the transaction, the insider now directly owns 84,734 shares of the company’s stock, valued at approximately $5,106,070.84. The disclosure for this sale can be found here. Insiders have sold 1,880,382 shares of company stock valued at $112,050,618 over the last 90 days.

About BigCommerce

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.

See Also: 52-Week High/Low

Earnings History and Estimates for BigCommerce (NASDAQ:BIGC)

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