Citigroup has raised its target price by $ 2 on Bottomline Technologies, Inc. (NASDAQ:EPAY) to $ 57.00 from the previous mark of $ 55.00, suggesting the upside potential of more than 19.35 percent from the existing levels. However, the brokerage has maintained its Buy rating on the stock, Benzinga reported.
Shares of Bottomline Technologies, Inc. traded low $ -0.36 or -0.75 percent on Monday, reaching $ 47.40 with volume of 76.20 thousand shares. The stock opened positive for the day at $ 48.01, after closing the previous day trading at $ 47.76. According to the previous trading day, closing price of $ 47.76, representing a 71.68 % increase from the 52 week low of $ 27.82 and a 16.53 % decrease over the 52 week high of $ 57.22.
With respect to the key metrics, Bottomline Technologies, Inc. stock has advanced $ 2.42 or 5.00 percent, reaching $ 44.98 during the simple moving average (SMA) period of 200 days. Similarly, the stock has decreased $ -2.27 or -5.00 percent, before arriving at $ 49.67 during the SMA50-day period.
Bottomline Technologies, Inc. recently reported fourth quarter financial results on August 6, 2020, after market close, application software developer reported income for the fourth quarter of $ 0.26 per share, from the revenue of $ 110.64 million. The quarterly earnings down 23.53 percent while revenues extended 2.22 percent compared with the same quarter last year. The consensus estimates are income of $ 0.25 per share from $ 109.16 million in revenue. The bottom line results beat street analysts by $ 0.01 or 4.00 percent, at the same time, top line results outshined analysts by $ 1.48 million or 1.36 percent.
Moving ahead, the consensus estimates from Thomson Reuters for the first quarter are income of $ 0.27 per share from $ 110.64 million in revenue. For the full year, analysts predict revenues of $ 471.25 million, while looking forward to income of $ 1.25 per share.
Bottomline Technologies (de), Inc. provides various solutions for the banking, financial services, insurance, healthcare, technology, retail, communications, education, media, manufacturing, and government industries. It operates through four segments: Cloud Solutions, Banking Solutions, Payments and Transactional Documents, and Other.
