Bentley Systems Inc [BSY] stock prices are down -1.77% to $48.38 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BSY shares have gain 5.13% over the last week, with a monthly amount drifted -0.86%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Rosenblatt upgraded its rating to Buy on February 26, 2024, and elevated its price target to $60. On August 09, 2023, downgrade downgraded it’s rating to Peer Perform. Piper Sandler started tracking the stock assigning a Overweight rating and suggested a price target of $60 on June 14, 2023. Goldman downgraded its rating to a Neutral and raised its price target to $47 on May 11, 2023. Griffin Securities upgraded its rating to Buy for this stock on May 10, 2023, but kept the price target unchanged to $58. In a note dated May 10, 2023, Rosenblatt downgraded an Neutral rating on this stock and boosted its target price from $43 to $47.
The stock price of Bentley Systems Inc [BSY] has been fluctuating between $43.82 and $57.19 over the past year. Currently, Wall Street analysts expect the stock to reach $53 within the next 12 months. Bentley Systems Inc [NASDAQ: BSY] shares were valued at $48.38 at the most recent close of the market. An investor can expect a potential return of 9.55% based on the average BSY price forecast.
Analyzing the BSY fundamentals
The Bentley Systems Inc [NASDAQ:BSY] reported sales of 1.29B for trailing twelve months, representing a surge of 11.32%. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.43 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.37.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 47.92 points at the first support level, and at 47.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.16, and for the 2nd resistance point, it is at 49.93.
Ratios To Look Out For
It’s worth pointing out that Bentley Systems Inc [NASDAQ:BSY]’s Current Ratio is 0.49. As well, the Quick Ratio is 0.49, while the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 11.37, the price to book ratio is 14.74 and price to earnings (TTM) ratio is 42.26.
Transactions by insiders
Recent insider trading involved Campbell Michael M, Chief Product Officer, that happened on Jun 04 ’24 when 3282.0 shares were sold. Chief Product Officer, Campbell Michael M completed a deal on Jun 03 ’24 to sell 4151.0 shares. Meanwhile, Director Bentley Keith A. sold 0.1 million shares on May 10 ’24.
