Barrington analyst Gary Prestopino maintained a Buy rating on Bottomline Technologies (EPAY) today. The company’s shares opened today at $52.82.
Prestopino commented:
“We have an OUTPERFORM investment rating on the shares with a $60-65 price target range.”
According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -0.5% and a 39.2% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and Ritchie Bros.
Currently, the analyst consensus on Bottomline Technologies is a Moderate Buy with an average price target of $70.40, representing a 33.3% upside. In a report issued on November 9, Needham also maintained a Buy rating on the stock with a $68 price target.
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Based on Bottomline Technologies’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $918K. In comparison, last year the company had a GAAP net loss of $4.24 million.
Based on the recent corporate insider activity of 106 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.
