Billiontoone (NASDAQ:BLLN) Issues Earnings Results

Billiontoone (NASDAQ:BLLN) announced its quarterly earnings results on Wednesday. The company reported $0.32 earnings per share (EPS) for the quarter, FiscalAI reports. Billiontoone had a net margin of 8.04% and a return on equity of 9.96%. The company had revenue of $122.98 million during the quarter.

Billiontoone Price Performance

NASDAQ BLLN traded up $3.44 on Wednesday, reaching $113.89. 580,529 shares of the stock traded hands, compared to its average volume of 546,804. The firm’s fifty day simple moving average is $104.39 and its 200 day simple moving average is $96.79. The company has a quick ratio of 11.31, a current ratio of 11.69 and a debt-to-equity ratio of 0.17. The company has a market cap of $5.37 billion and a price-to-earnings ratio of 162.70. Billiontoone has a 12 month low of $61.96 and a 12 month high of $150.44.

Wall Street Analysts Forecast Growth

BLLN has been the topic of a number of analyst reports. Wall Street Zen cut shares of Billiontoone from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings downgraded shares of Billiontoone from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. Canaccord Genuity Group assumed coverage on shares of Billiontoone in a research note on Wednesday, September 2nd. They set a “buy” rating and a $120.00 target price for the company. JPMorgan Chase & Co. decreased their target price 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. Finally, Guggenheim raised their price target on shares of Billiontoone from $125.00 to $128.00 and gave the company a “buy” rating in a research note on Thursday, October 1st. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.25.

Insider Transactions at Billiontoone

In other news, CEO Oguzhan Atay sold 8,333 shares of the business’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $118.00, for a total value of $983,294.00. Following the sale, the chief executive officer owned 8,333 shares of the company’s stock, valued at approximately $983,294. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bosch John Roderick Ten sold 2,834 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $105.15, for a total value of $297,995.10. Following the completion of the sale, the senior vice president owned 19,385 shares of the company’s stock, valued at approximately $2,038,332.75. This trade represents a 12.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 211,025 shares of company stock valued at $21,957,052. Corporate insiders own 50.22% of the company’s stock.

Institutional Investors Weigh In On Billiontoone

Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC lifted its position in shares of Billiontoone by 86.7% in the 3rd quarter. Parallel Advisors LLC now owns 280 shares of the company’s stock valued at $30,000 after acquiring an additional 130 shares in the last quarter. Provenance Wealth Advisors LLC purchased a new position in Billiontoone during the 3rd quarter worth approximately $56,000. D.A. Davidson & CO. purchased a new position in Billiontoone during the 3rd quarter worth approximately $773,000. Forum Financial Management LP purchased a new position in Billiontoone during the 3rd quarter worth approximately $274,000. Finally, Toth Financial Advisory Corp raised its stake in Billiontoone by 60.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 800 shares of the company’s stock valued at $85,000 after purchasing an additional 300 shares during the period.

About Billiontoone

BillionToOne, Inc is a molecular diagnostics company that develops tests designed to provide more sensitive and quantitative genetic information from blood samples. The company’s technology is based on its proprietary Quantitative Counting Template (QCT) platform, which is designed to measure DNA molecules with high sensitivity and support the detection of clinically meaningful genetic signals.

The company’s products include prenatal diagnostic and screening solutions marketed under the UNITY brand.