Barrington analyst Gary Prestopino maintained a Buy rating on Bottomline Technologies (EPAY) today and set a price target of $62.50. The company’s shares closed on Friday at $50.49.
Prestopino commented:
“We are estimating Q3/19 revenue of $105 million, adjusted EBITDA of $24.5 million and core EPS of $0.29. Consensus expectations call for revenue of $104.5 million, adjusted EBITDA of $23.3 million and core EPS of $0.29.”
According to TipRanks.com, Prestopino is a 3-star analyst with an average return of 1.9% and a 47.4% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Payment Data Systems Inc, and US Auto Parts Network.
Currently, the analyst consensus on Bottomline Technologies is a Moderate Buy with an average price target of $56.83.
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Bottomline Technologies’ market cap is currently $2.06B and has a P/E ratio of 123.18. The company has a Price to Book ratio of 5.70.
Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock.
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Bottomline Technologies, Inc. engages in the provision of cloud-based digital banking, fraud prevention, payment, financial document, insurance, and healthcare solutions. It operates through the following segments: Cloud Solutions, Banking Solutions, Payments and Transactional Documents, and Other.
