Shares of BigCommerce Holdings, Inc (NASDAQ:BIGC) have received an average rating of “Hold” from the eight analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $100.00.
Several equities analysts have recently weighed in on BIGC shares. Raymond James started coverage on shares of BigCommerce in a report on Monday, August 31st. They set a “market perform” rating on the stock. They noted that the move was a valuation call. KeyCorp started coverage on shares of BigCommerce in a report on Monday, August 31st. They issued a “sector weight” rating on the stock. Needham & Company LLC started coverage on shares of BigCommerce in a report on Monday, August 31st. They issued a “buy” rating and a $132.00 target price on the stock. Canaccord Genuity lowered their target price on shares of BigCommerce from $125.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday, September 10th. They noted that the move was a valuation call. Finally, Morgan Stanley upped their price objective on shares of BigCommerce from $52.00 to $53.00 and gave the stock an “underweight” rating in a research report on Thursday, September 10th.
Shares of BigCommerce stock opened at $79.99 on Friday. BigCommerce has a twelve month low of $63.77 and a twelve month high of $162.50.
BigCommerce (NASDAQ:BIGC) last released its earnings results on Wednesday, September 9th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.58) by $0.20. The firm had revenue of $36.30 million during the quarter, compared to analyst estimates of $35.61 million. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. Sell-side analysts expect that BigCommerce will post -1.1 EPS for the current year.
BigCommerce Company Profile
BigCommerce Holdings, Inc operates a software-as-a-service platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's platform simplifies the creation of engaging online stores. It powers its customers' branded ecommerce stores and their cross-channel connections to various online marketplaces, social networks, and offline point-of-sale systems.
Read More: Return on Equity (ROE)
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