|Bid||59.48 x 1000|
|Ask||59.57 x 900|
|Day's Range||58.24 - 63.20|
|52 Week Range||53.19 - 162.50|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 22, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||75.75|
Shares of BigCommerce (NASDAQ: BIGC) jumped today after the company announced a new deal with Walmart that will allow eligible BigCommerce merchants to sell products directly on Walmart Marketplace. BigCommerce said that the deal will allow its merchants to quickly start selling their goods on Walmart.com through an expedited application review. "Partnering with an industry leader like Walmart not only gives our merchants access to one of the world's largest marketplaces, it also opens additional opportunities for them to strategically expand their e-commerce footprint," BigCommerce's chief commercial officer, Russell Klein, said in a press release.
Bigcommerce Holdings, Inc.’s (NASDAQ: BIGC) enterprise momentum seems underappreciated, which could lend upside in 2021 and beyond, according to KeyBanc Capital Markets. The BigCommerce Analyst: Josh Beck upgraded the rating for BigCommerce from Sector Weight to Overweight, while keeping the price target unchanged at $75. The BigCommerce Thesis: The recent selloff in the company’s stock may have been due to high expectations related to payments and gross merchandise value, Beck said in the note. “BigCommerce has cemented its role as a mid-market/ enterprise share gainer, in our view, evidenced by three consecutive record quarters of ~400 >$2K ACV net adds, 47% >$2K ACV ARR growth in 4Q20, and commentary that suggests sales cycles remain compressed vs. pre-COVID-19 levels,” the analyst wrote. “We estimate subscription ARR growth has risen to the 30%+ level aided by new logos, which prompts higher 2021 and 2022 estimates as we expect these trends to persist as retailers modernize e-commerce platforms with elevated urgency following a multiyear acceleration of e-commerce adoption,” he added. BIGC Price Action: Shares of BigCommerce rose 6.8% to $67.66 on Wednesday. (Photo: BigCommerce via You Tube) Latest Ratings for BIGC DateFirmActionFromTo Feb 2021KeyBancUpgradesSector WeightOverweight Feb 2021NeedhamMaintainsBuy Jan 2021William BlairInitiates Coverage OnMarket Perform View More Analyst Ratings for BIGC View the Latest Analyst Ratings See more from BenzingaClick here for options trades from BenzingaBofA Raises Kohl's Target As Activist Investor Group Seeks Board ControlWhy This iQIYI Analyst Is Turning Bullish On Chinese Streaming Stock© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Earlier this week, the cloud-based e-commerce software company reported better-than-expected financial results.