BigCommerce (NASDAQ:CMRC) Posts Quarterly Earnings Results, Meets Expectations
BigCommerce (NASDAQ:CMRC) reported quarterly earnings of $0.04 EPS, meeting analysts' expectations. Revenue was $84.43 million, surpassing the estimate of $83.30 million, marking a 3.2% increase from the previous year. The company has a negative return on equity of 26.12% and a negative net margin of 5.37%. Following the earnings report, BigCommerce's stock rose 4.4% to $4.99. Institutional investors own 79.21% of the stock, with recent upgrades and downgrades from various analysts affecting target prices.
BigCommerce (NASDAQ:CMRC - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.04 EPS for the quarter, meeting analysts' consensus estimates of $0.04, Briefing.com reports. BigCommerce had a negative net margin of 5.37% and a negative return on equity of 26.12%. The firm had revenue of $84.43 million during the quarter, compared to the consensus estimate of $83.30 million. During the same quarter last year, the firm earned $0.05 EPS. The firm's revenue for the quarter was up 3.2% compared to the same quarter last year. BigCommerce updated its Q3 2025 guidance to EPS and its FY 2025 guidance to EPS.
BigCommerce Trading Up 4.4%
- BigCommerce NASDAQ: BIGC Stock Providing Big Opportunities After Earnings Plunge
BigCommerce stock traded up $0.21 during trading hours on Friday, hitting $4.99. The company had a trading volume of 1,638,452 shares, compared to its average volume of 762,626. The firm has a market cap of $399.78 million, a P/E ratio of -22.69 and a beta of 1.15. BigCommerce has a 1 year low of $4.73 and a 1 year high of $8.27. The company has a debt-to-equity ratio of 4.14, a quick ratio of 2.34 and a current ratio of 2.34. The company has a 50-day moving average price of $5.02 and a two-hundred day moving average price of $5.59.
Institutional Inflows and Outflows
An institutional investor recently raised its position in BigCommerce stock. AQR Capital Management LLC raised its holdings in BigCommerce Holdings, Inc. (NASDAQ:CMRC - Free Report) by 2,028.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 278,583 shares of the company's stock after buying an additional 265,492 shares during the quarter. AQR Capital Management LLC owned 0.35% of BigCommerce worth $1,605,000 as of its most recent SEC filing. Institutional investors and hedge funds own 79.21% of the company's stock.
Analyst Upgrades and Downgrades
- BigCommerce NASDAQ: BIGC Stock Breaking Out: The Next Big Thing in E-commerce?
CMRC has been the topic of several analyst reports. Barclays cut their target price on BigCommerce from $7.00 to $6.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Morgan Stanley cut their target price on BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. The Goldman Sachs Group reduced their price objective on shares of BigCommerce from $9.50 to $8.50 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Wall Street Zen lowered shares of BigCommerce from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $11.00 price objective on shares of BigCommerce in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given 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 target price of $8.07.
View Our Latest Analysis on BigCommerce
BigCommerce Company Profile
(Get Free Report)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.
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