Babylon Holdings Limited (NYSE:BBLN – Get Rating) has been assigned an average rating of "Moderate Buy" from the seven brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $81.43.
A number of research analysts have commented on the company. Canaccord Genuity Group decreased their price target on Babylon from $100.00 to $50.00 and set a "buy" rating on the stock in a research note on Friday, November 11th. BTIG Research upped their price target on Babylon to $20.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Canaccord Genuity Group decreased their price target on Babylon from $100.00 to $50.00 and set a "buy" rating on the stock in a research note on Friday, November 11th.
Get Babylon alerts:Babylon Trading Up 11.7 %
BBLN opened at $8.59 on Thursday. Babylon has a one year low of $6.31 and a one year high of $179.00. The business's 50 day moving average price is $11.23 and its 200 day moving average price is $16.30.
Babylon (NYSE:BBLN – Get Rating) last released its quarterly earnings data on Thursday, November 10th. The company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.02). Babylon had a negative net margin of 61.26% and a negative return on equity of 4,635.83%. The business had revenue of $288.90 million during the quarter, compared to analyst estimates of $269.11 million. As a group, analysts predict that Babylon will post -19.88 earnings per share for the current year.Institutional Trading of Babylon
Several hedge funds have recently modified their holdings of BBLN. Renaissance Technologies LLC acquired a new stake in shares of Babylon in the first quarter valued at $162,000. Goldman Sachs Group Inc. increased its holdings in Babylon by 300.2% in the first quarter. Goldman Sachs Group Inc. now owns 45,500 shares of the company's stock valued at $177,000 after buying an additional 34,130 shares during the last quarter. Investment Management Associates Inc. ADV purchased a new position in Babylon in the second quarter valued at $1,074,000. JPMorgan Chase & Co. increased its holdings in Babylon by 886.5% in the second quarter. JPMorgan Chase & Co. now owns 58,221 shares of the company's stock valued at $57,000 after buying an additional 52,319 shares during the last quarter. Finally, Rhumbline Advisers purchased a new position in Babylon in the second quarter valued at $115,000.
Babylon Company Profile
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Babylon Holdings Limited operates as a digital healthcare company. It offers end-to-end care solution that facilities through its digital health suite, virtual care, in-person medical care, and post-care offerings. The company also provides Babylon Cloud services. It operates in the United Kingdom, the United States, the Asia Pacific, Canada, and internationally.
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