Billiontoone (NASDAQ:BLLN) Stock Rating Lowered by Zacks Research

Billiontoone (NASDAQ:BLLN) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday, Zacks reports.

Several other equities research analysts also recently issued reports on BLLN. Guggenheim started coverage on Billiontoone in a report on Monday, June 29th. They issued a “buy” rating and a $125.00 price objective on the stock. Weiss Ratings upgraded Billiontoone from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Wall Street Zen downgraded Billiontoone from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. cut their price target on shares of Billiontoone from $145.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Finally, BTIG Research reduced their price target on shares of Billiontoone from $142.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $126.71.

Billiontoone Stock Up 1.8%

Billiontoone stock opened at $92.32 on Monday. The company has a market capitalization of $4.36 billion and a PE ratio of 131.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 11.31 and a current ratio of 11.69. Billiontoone has a fifty-two week low of $61.96 and a fifty-two week high of $150.44. The firm 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, hitting analysts’ consensus estimates of $0.15. Billiontoone had a return on equity of 9.96% and a net margin of 8.04%.The company had revenue of $109.45 million for the quarter. Research analysts expect that Billiontoone will post 0.83 earnings per share for the current year.

Insider Transactions at Billiontoone

In related news, CTO David Tsao sold 20,000 shares of Billiontoone stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $102.27, for a total value of $2,045,400.00. Following the completion of the transaction, the chief technology officer owned 1,000 shares in the company, valued at $102,270. The trade was a 95.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Oguzhan Atay sold 32,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 20,000 shares of the company’s stock, valued at $2,739,000. This trade represents a 61.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 224,883 shares of company stock valued at $25,698,744. 50.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Billiontoone

Institutional investors have recently modified their holdings of the company. Thrive Wealth Management LLC acquired a new position in shares of Billiontoone during the second quarter worth $240,000. Jasper Ridge Partners L.P. acquired a new stake in Billiontoone in the second quarter valued at $615,000. Wasatch Advisors LP raised its stake in Billiontoone by 40.2% in 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 in the last quarter. Perceptive Advisors LLC lifted its holdings in Billiontoone by 26.1% during the 1st quarter. Perceptive Advisors LLC now owns 91,812 shares of the company’s stock worth $7,248,000 after buying an additional 19,000 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Billiontoone by 8,603.4% during the 1st 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 in 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.