Shares of BigCommerce Holdings (NASDAQ: BIGC) fell today after the company announced the price of its follow-on stock offering. It's also likely that investors are pushing the stock down after a Citi analyst started coverage of the company today with a sell rating.
What does it mean when BigCommerce says it is down?
In most cases, it means that core functions are not working properly, or there is some other serious customer-impacting event underway. Warn notifications are used when BigCommerce is undergoing a non-critical issue like minor service issues, performance degradation, non-core bugs, capacity issues, or problems affecting a small number of users.
How much is a BigCommerce stock worth?
One share of BIGC stock can currently be purchased for approximately $31.01. How much money does BigCommerce make? BigCommerce has a market capitalization of $2.22 billion and generates $152.37 million in revenue each year. The company earns $-37.56 million in net income (profit) each year or ($0.80) on an earnings per share basis.
Why did BigCommerce's shares sink on Thursday?
Shares of BigCommerce ( NASDAQ:BIGC) sank on Thursday after the e-commerce software provider reported its second-quarter results. While it beat analyst expectations across the board, some red flags along with a lofty valuation gave investors plenty of reasons to push down the stock.
What is the upside for BigCommerce's stock?
Their forecasts range from $36.00 to $85.00. On average, they anticipate BigCommerce's stock price to reach $60.67 in the next year. This suggests a possible upside of 95.6% from the stock's current price. View analysts' price targets for BigCommerce or view top-rated stocks among Wall Street analysts.
Is BigCommerce stock a good buy?
Out of 13 analysts, 7 (53.85%) are recommending BIGC as a Strong Buy, 2 (15.38%) are recommending BIGC as a Buy, 4 (30.77%) are recommending BIGC as a Hold, 0 (0%) are recommending BIGC as a Sell, and 0 (0%) are recommending BIGC as a Strong Sell.
Is BigCommerce overvalued?
We continue to believe that BigCommerce (NASDAQ:BIGC) is an overvalued stock with little upside. The company continues to bleed cash, while its growth rate is not as impressive in comparison to its peers.
Is BigCommerce undervalued?
Bigcommerce Holdings shows a prevailing Real Value of $29.36 per share. The current price of the firm is $18.49. At this time, the firm appears to be undervalued....USD 18.49 0.74 4.17%LowEstimated ValueHigh12.4218.9025.38
What happened BigCommerce?
For the three-month span ending in September, e-commerce support outfit BigCommerce lost $21.3 million on revenue of $59.3 million. Results were better on an adjusted/operating basis, with a more modest loss of $3.8 million, or a loss of $0.06 per share.
Will BigCommerce stock go up?
The 14 analysts offering 12-month price forecasts for Bigcommerce Holdings Inc have a median target of 28.00, with a high estimate of 50.00 and a low estimate of 21.00. The median estimate represents a +43.22% increase from the last price of 19.55.
What is BigCommerce revenue?
112.1 million USD (2019)BigCommerce / Revenue
Is Big Commerce profitable?
“We want to have native salespeople, marketing people, business development people.” In BigCommerce's case, countries that aren't the U.S. are witnessing the fastest growth. The company posted $49 million in total revenue in its most recent quarter, up 35% over the previous year, and a net loss of $12.2 million.
Should you invest in BIGC?
Valuation metrics show that BigCommerce Holdings, Inc. may be overvalued. Its Value Score of F indicates it would be a bad pick for value investors. The financial health and growth prospects of BIGC, demonstrate its potential to underperform the market.
What is the difference between BigCommerce and Shopify?
Shopify is best for larger businesses, but BigCommerce is better for very large stores that are only selling online. Both platforms offer tailored, powerful solutions, but BigCommerce is equipped to handle larger scale omnichannel growth.
What is BigCommerce company?
BigCommerce (Nasdaq: BIGC) is a leading Open SaaS ecommerce platform that empowers merchants of all sizes to build, innovate and grow their businesses online. BigCommerce provides merchants sophisticated enterprise-grade functionality, customization and performance with simplicity and ease-of-use.
What is the difference between WooCommerce and BigCommerce?
BigCommerce is an ecommerce website builder that's helped almost 100,000 people build their own online store. WooCommerce is an open-source WordPress plugin that's been downloaded over 82 million times, and gives existing websites the ability to sell online.
Who owns BigCommerce?
BigCommerce, Inc.BigCommerce / Parent organization
How many BigCommerce stores are there?
BigCommerce's mission is to "power global ecommerce success by delivering the industry's best and most versatile multi-tenant SaaS platform." As of June 1, 2020, BigCommerce had ~60,000 online stores across 120 countries.
How many people work at BigCommerce?
Overall, the 57 Bigcommerce employees give their leadership a grade of A-, or Top 15% of similar size companies on Comparably.
Is BigCommerce a buy right now?
16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BigCommerce in the last twelve months. There are currently 6 hold ratings...
When is BigCommerce's next earnings date?
BigCommerce is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast for BigComme...
How were BigCommerce's earnings last quarter?
BigCommerce Holdings, Inc. (NASDAQ:BIGC) released its quarterly earnings data on Monday, May, 2nd. The company reported ($0.18) EPS for the quarter...
What guidance has BigCommerce issued on next quarter's earnings?
BigCommerce updated its FY 2022 earnings guidance on Monday, May, 9th. The company provided EPS guidance of for the period. The company issued reve...
What price target have analysts set for BIGC?
16 brokers have issued 1 year target prices for BigCommerce's shares. Their forecasts range from $21.00 to $50.00. On average, they expect BigComme...
Who are BigCommerce's key executives?
BigCommerce's management team includes the following people: Mr. Brent Bellm , Chairman, Pres & CEO (Age 50, Pay $1.06M) Mr. Robert Alvarez , C...
Who are some of BigCommerce's key competitors?
Some companies that are related to BigCommerce include CCC Intelligent Solutions (CCCS) , Mimecast (MIME) , Coupa Software (COUP) , The Descart...
What other stocks do shareholders of BigCommerce own?
Based on aggregate information from My MarketBeat watchlists, some companies that other BigCommerce investors own include Tesla (TSLA) , NVIDIA (...
When did BigCommerce IPO?
(BIGC) raised $131 million in an IPO on Wednesday, August 5th 2020. The company issued 6,900,000 shares at a price of $18.00-$20.00 per share. Morg...
How much revenue will BigCommerce make in 2021?
BigCommerce's management issued revenue guidance for the first quarter of 2021 in the range of $41.8 million to $42.3 million and an adjusted operating loss of about $8 million at the midpoint of guidance.
What is the revenue of BigCommerce in 2020?
BigCommerce's CEO, Brent Bellm, said in a press release that the company had a "historic year" in 2020, referencing the company's 39% revenue jump and an annual revenue run rate (ARR) of $181.2 million, an increase of 41% from 2019. The company also highlighted that its total revenue for fiscal 2020 was up 36% from 2019, ...
When will BigCommerce release its earnings?
BigCommerce is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021. View our earnings forecast for BigCommerce.
What does "hold" mean in BigCommerce?
A hold rating indicates that analysts believe investors should maintain any existing positions they have in BIGC, but not buy additional shares or sell existing shares. View analyst ratings for BigCommerce or view top-rated stocks.
Who underwrote the IPO?
Morgan Stanley, Barclays, Jefferies and KeyBanc Capital Markets served as the underwriters for the IPO and Canaccord Genuity, Needham & Company, Raymond James and SunTrust Robinson Humphrey were co-managers.
Is BigCommerce a hold?
Wall Street analysts have given BigCommerce a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but BigCommerce wasn't one of them.
What happened
Shares of BigCommerce ( BIGC -4.67% ) sank on Thursday after the e-commerce software provider reported its second-quarter results. While it beat analyst expectations across the board, some red flags along with a lofty valuation gave investors plenty of reasons to push down the stock. Shares were down around 6.8% at 11:40 a.m.
So what
BigCommerce reported second-quarter revenue of $36.3 million, up 33% year over year and about $700,000 higher than the average analyst estimate. The total annual revenue run-rate rose 32% to $151.8 million.
NASDAQ: BIGC
Adjusted earnings per share came in at a loss of $0.38, better than a loss of $0.58 in the prior-year period and $0.05 better than analysts were expecting. Despite the sluggish pace of customer additions, BigCommerce spent around 46% of its revenue on sales and marketing.
Now what
For the third quarter, management expects to produce revenue between $35.9 million and $36.3 million, representing a small sequential decline at the midpoint. For the full year, the company sees revenue between $142.5 million and $143.3 million.
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Signals & Forecast
There are few to no technical positive signals at the moment. The BigCommerce Holdings, Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
Support, Risk & Stop-loss
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
Is BigCommerce Holdings, Inc. stock A Buy?
BigCommerce Holdings, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Insiders are negative selling more shares than they are buying in BigCommerce Holdings, Inc
In the last 100 trades there were 1.05 million shares bought and 2.26 million shares sold. The last trade was done 9 days ago by Klein Russell Scott who sold 2.5 thousand shares. In general the insiders are selling more stocks than they buy. There can be a variety of reasons for this, but in general it can be considered as a negative signal.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
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What are the downsides of BigCommerce?
The biggest downside of BigCommerce is that it doesn't have a unique business model. While the company has an official integration with Instagram and recently it added the ability for its customers to customize their checkout pages, it's hard to call those things competitive advantages, as every other major platform for creating eCommerce websites offers the same solutions. In addition, the eCommerce business is extremely competitive and in order to succeed here, companies need to aggressively ramp up their marketing expenses to stay relevant, which in the end hurts their bottom line performance.
How much debt does BigCommerce have?
Even though BigCommerce's balance sheet is not overleveraged in comparison to its SaaS peers, since it has $178.8 million in cash reserves and only $38.4 million in debt, we don't see how the company could justify its current premium valuation.
Recent BigCommerce Outages and Issues
Follow the recent outages and downtime for BigCommerce in the table below.
Supported Features
If BigCommerce is having system outages or experiencing other critical issues, red down notifications appear on the status page. In most cases, it means that core functions are not working properly, or there is some other serious customer-impacting event underway.
BigCommerce Down?
Are you experiencing issues with BigCommerce? Sign up to receive notifications when BigCommerce publishes outages.
What is BigCommerce 2021?
(“BigCommerce”) (Nasdaq: BIGC), a leading Open SaaS ecommerce platform for fast-growing and established brands, today announced the following upcoming investor conference presentations. President, Chief Executive Officer and Chairman Brent Bellm and Chief Financial Officer Robert Alvarez will present and host virtual meetings with institutional investors at the following events: J.P. Morgan Global Technology, Media and Communications Conferences on Tuesday, May 25, 2021 at 4:25 p.m. Eastern Time (3:25 p.m. Central Time)Baird Global Consumer, Technology & Services Conference on Tuesday, June 8, 2021 at 1:25 p.m. Eastern Time (12:25 p.m. Central Time)Stifel Virtual Cross Sector Insight Conference on Thursday, June 10 at 12:40 p.m. Eastern Time (11:40 a.m. Central Time) Live webcasts of the presentations will be accessible from the BigCommerce investor relations website at https://investors.bigcommerce.com. Following the events, replays will be made available at the same location. About BigCommerceBigCommerce (Nasdaq: BIGC) is a leading software-as-a-service (SaaS) ecommerce platform that empowers merchants of all sizes to build, innovate and grow their businesses online. As a leading Open SaaS solution, BigCommerce provides merchants sophisticated enterprise-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2B and B2C companies across 150 countries and numerous industries use BigCommerce to create beautiful, engaging online stores, including Ben & Jerry’s, Molton Brown, S.C. Johnson, Skullcandy, Sony and Vodafone. Headquartered in Austin, BigCommerce has offices in San Francisco, Sydney and London. For more information, please visit www.bigcommerce.com or follow us on Twitter, LinkedIn, Instagram and Facebook. BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners. Media Relations ContactsRachael [email protected] Investor Relations ContactAmit [email protected] 512-865-4599
Does BigCommerce work with Amazon?
BigCommerce rose on Wednesday after the e-commerce software-as-a-service platform unveiled an integration with Amazon's multichannel fulfillment. The project will enable the Austin company's U.S. merchants to complete their orders more easily whether they sell on Amazon or not.
