Needham & Company Lowers Price Target on Bottomline Technologies (EPAY)
Equities researchers at Needham & Company dropped their target price on shares of Bottomline Technologies (NASDAQ: EPAY) from $33.00 to $25.00 in a report issued on Tuesday. The firm currently has a “buy” rating on the stock.
Shares of Bottomline Technologies traded down 0.31% during mid-day trading on Tuesday, hitting $19.22. Bottomline Technologies has a one year low of $17.05 and a one year high of $29.90. The company has a market cap of $662.3 million and a P/E ratio of 20.66.
Bottomline Technologies last issued its quarterly earnings data on Monday, May 7th. The company reported $0.21 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.21. The company’s quarterly revenue was up 13.3% on a year-over-year basis. On average, analysts predict that Bottomline Technologies will post $0.21 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Bottomline Technologies in a research note to investors on Tuesday, March 6th. Analysts at Craig Hallum downgraded shares of Bottomline Technologies from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, March 6th.
Bottomline Technologies (de), Inc. (Bottomline) provides electronic payment, invoice and document management solutions to corporations, financial institutions and banks worldwide.