Citigroup (NYSE:C) analyst Andrew Schmitt maintained a Buy rating on Bottomline Technologies (NASDAQ:EPAY) on Monday, setting a price target of $57, which is approximately 19.35% above the present share price of $47.76.
Schmitt expects Bottomline Technologies to post earnings per share (EPS) of -$0.07 for the third quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Bottomline Technologies, with an average price target of $58.83.
The analysts price targets range from a high of $62 to a low of $57.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $110.64 million and a net profit of -$1.75 million. The company's market cap is $2.1 billion.
According to TipRanks.com, Citigroup analyst Andrew Schmitt is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -5.7% and a 42.86% success rate.
Bottomline Technologies, Inc. engages in facilitating electronic payments and transaction settlement between businesses, vendors, and banks. It operates through the following segments: Cloud Solutions; Banking Solutions; Payments and Transactional Documents; and Other. The Cloud Solutions segment provides customers with SaaS technology offerings that facilitate electronic payment, electronic invoicing, and spend management. The Banking Solutions segment offers solutions that are specifically designed for banking and financial institution customers. The Payments and Transactional Documents segment supplies software products that provide a range of financial business process management solutions including making and collecting payments, sending and receiving invoices, and generating and storing business documents. The Other segment consists healthcare and cyber fraud and risk management solutions. The company was founded by Daniel M. McGurl and James L. Loomis in May 1989 and is headquartered in Portsmouth, NH.