Bottomline Tech (NASDAQ:EPAY): Needham Keeps “Buy” Rating Today, Has a Target of $66/Share

August 10, 2018 - By Mona Holcomb

Bottomline Technologies (NASDAQ:de, Inc) Logo

Bottomline Tech (NASDAQ:EPAY) Rating Reaffirmed

They currently have a $66 target price on Bottomline Tech (NASDAQ:EPAY). The target price by Needham would suggest a potential upside of 11.79 % from the company’s close price. This has been disclosed to clients in an analyst report on 10 August.

Bottomline Technologies (NASDAQ:de, Inc) Ratings Coverage

Among 3 analysts covering Bottomline Technologies (NASDAQ:EPAY), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Bottomline Technologies has $4800 highest and $4600 lowest target. $47’s average target is -20.39% below currents $59.04 stock price. Bottomline Technologies had 3 analyst reports since March 28, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, April 3 by Barrington. As per Wednesday, March 28, the company rating was initiated by Citigroup. The firm earned “Buy” rating on Friday, May 4 by Needham.

The stock increased 4.61% or $2.6 during the last trading session, reaching $59.04. About 1.19 million shares traded or 193.91% up from the average. Bottomline Technologies (NASDAQ:EPAY) has risen 89.43% since August 11, 2017 and is uptrending. It has outperformed by 76.86% the S&P500.

Bottomline Technologies , Inc. provides software as a service based solutions. The company has market cap of $2.41 billion. It operates through four divisions: Cloud Solutions, Digital Banking, Payments and Transactional Documents, and Other. It currently has negative earnings. The companyÂ’s services and products include Paymode-X, a cloud payment network that offers electronic payments and remittance delivery, online access to payment detail and reports, online payment approvals, electronic invoice delivery, and turnkey vendor enrollment and support; and digital banking solutions that provide payments, cash management, and online banking solutions to financial institutions.

Bottomline Technologies (NASDAQ:de, Inc) Institutional Positions Chart

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