Billiontoone, Inc. (NASDAQ:BLLN) Given Average Recommendation of “Moderate Buy” by Brokerages

Billiontoone, Inc. (NASDAQ:BLLN) has earned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $126.7143.

BLLN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Billiontoone from $145.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. BTIG Research cut their target price on Billiontoone from $142.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Guggenheim initiated coverage on Billiontoone in a report on Monday, June 29th. They issued a “buy” rating and a $125.00 price target for the company. Weiss Ratings upgraded Billiontoone from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. Finally, Wall Street Zen lowered Billiontoone from a “buy” rating to a “hold” rating in a report on Saturday, August 8th.

Billiontoone Stock Up 1.8%

Shares of NASDAQ BLLN opened at $92.32 on Wednesday. The stock has a market cap of $4.36 billion and a PE ratio of 131.89. The company has a quick ratio of 11.31, a current ratio of 11.69 and a debt-to-equity ratio of 0.17. Billiontoone has a 52-week low of $61.96 and a 52-week high of $150.44. The business has a 50-day moving average price of $114.66 and a 200 day moving average price of $95.33.

Billiontoone (NASDAQ:BLLN) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $109.45 million during the quarter. Billiontoone had a net margin of 8.04% and a return on equity of 9.96%. Equities research analysts forecast that Billiontoone will post 0.83 earnings per share for the current year.

Insider Transactions at Billiontoone

In other Billiontoone news, CEO Oguzhan Atay sold 32,500 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $136.95, for a total transaction of $4,450,875.00. Following the sale, the chief executive officer directly owned 20,000 shares in the company, valued at approximately $2,739,000. The trade was a 61.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bosch John Roderick Ten sold 1,417 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $100.00, for a total transaction of $141,700.00. Following the completion of the sale, the senior vice president owned 26,467 shares in the company, valued at $2,646,700. This represents a 5.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 224,883 shares of company stock worth $25,698,744 over the last quarter. Insiders own 50.22% of the company’s stock.

Institutional Investors Weigh In On Billiontoone

Several hedge funds have recently modified their holdings of the company. Thrive Wealth Management LLC acquired a new stake in shares of Billiontoone during the 2nd quarter worth about $240,000. Jasper Ridge Partners L.P. acquired a new position in shares of Billiontoone in the second quarter valued at approximately $615,000. Wasatch Advisors LP lifted its stake in shares of Billiontoone by 40.2% during the second quarter. Wasatch Advisors LP now owns 518,084 shares of the company’s stock valued at $62,160,000 after buying an additional 148,446 shares during the period. Perceptive Advisors LLC lifted its stake in shares of Billiontoone by 26.1% during the first quarter. Perceptive Advisors LLC now owns 91,812 shares of the company’s stock valued at $7,248,000 after buying an additional 19,000 shares during the period. Finally, Bank of America Corp DE boosted its position in Billiontoone by 8,603.4% during the first quarter. Bank of America Corp DE now owns 12,707 shares of the company’s stock worth $1,003,000 after acquiring an additional 12,561 shares during the last quarter.

Billiontoone Company Profile

BillionToOne (NASDAQ: BLLN) is a molecular diagnostics company that develops and commercializes high-precision genetic testing solutions based on single-molecule counting technology. The company’s platform is designed to detect and quantify rare genetic variants and chromosomal abnormalities from cell-free DNA, with a primary focus on applications in prenatal screening and other clinical genetic tests where sensitivity and specificity at very low allele fractions are critical.

BillionToOne’s offerings center on assay development and clinical testing workflows that enable non-invasive prenatal testing (NIPT) and targeted molecular diagnostics.