Billiontoone (NASDAQ:BLLN) Rating Lowered to Strong Sell at Zacks Research

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

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

Billiontoone Trading Up 1.8%

Shares of Billiontoone stock opened at $92.32 on Monday. Billiontoone has a 1 year low of $61.96 and a 1 year high of $150.44. The firm has a market cap of $4.36 billion and a PE ratio of 131.89. The stock has a fifty day moving average price of $114.66 and a 200-day moving average price of $95.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 11.69 and a quick ratio of 11.31.

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

Insiders Place Their Bets

In other news, CEO Oguzhan Atay sold 32,500 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $136.95, for a total value of $4,450,875.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nancy Joann Johnson sold 10,582 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $100.47, for a total transaction of $1,063,173.54. Following the completion of the sale, the insider directly owned 21,900 shares of the company’s stock, valued at $2,200,293. This trade represents a 32.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 224,883 shares of company stock valued at $25,698,744. 50.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

About Billiontoone

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.