Babylon (NYSE:BBLN) Now Covered by Analysts at Bank of America

Investment analysts at Bank of America began coverage on shares of Babylon (NYSE:BBLNGet Rating) in a research report issued on Thursday, The Fly reports. The brokerage set a “neutral” rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Citigroup lowered their target price on Babylon from $5.00 to $1.50 in a report on Friday, May 13th. Canaccord Genuity Group lowered their target price on Babylon from $8.00 to $5.00 and set a “buy” rating for the company in a report on Monday, May 16th. Berenberg Bank initiated coverage on Babylon in a report on Thursday, April 28th. They set a “hold” rating and a $5.50 target price for the company. Finally, BTIG Research decreased their price objective on Babylon from $15.00 to $10.00 in a report on Monday, April 25th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Babylon has a consensus rating of “Moderate Buy” and an average target price of $7.71.

NYSE:BBLN opened at $1.17 on Thursday. The stock’s fifty day moving average price is $1.50 and its two-hundred day moving average price is $3.97. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 3.30. Babylon has a 52-week low of $0.95 and a 52-week high of $16.00.

Babylon (NYSE:BBLNGet Rating) last posted its quarterly earnings results on Thursday, May 12th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.01). The firm had revenue of $266.45 million during the quarter, compared to the consensus estimate of $238.49 million. Analysts forecast that Babylon will post -1.12 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AMF Tjanstepension AB acquired a new stake in shares of Babylon in the fourth quarter valued at approximately $34,980,000. Qube Research & Technologies Ltd acquired a new stake in shares of Babylon in the fourth quarter valued at approximately $1,533,000. Goldman Sachs Group Inc. raised its position in shares of 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 in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Babylon in the first quarter valued at approximately $162,000. Finally, Nicholas Investment Partners LP acquired a new stake in shares of Babylon in the first quarter valued at approximately $383,000.

About Babylon (Get Rating)

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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