At the time of writing, Bentley Systems Inc [BSY] stock is trading at $51.95, up 2.14%. 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 4.86% over the last week, with a monthly amount glided 6.96%, and 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.
For the past year, the stock price of Bentley Systems Inc fluctuated between $43.82 and $57.19. Currently, Wall Street analysts expect the stock to reach $53 within the next 12 months. Bentley Systems Inc [NASDAQ: BSY] shares were valued at $51.95 at the most recent close of the market. An investor can expect a potential return of 2.02% based on the average BSY price forecast.
Analyzing the BSY fundamentals
According to Bentley Systems Inc [NASDAQ:BSY], the company’s sales were 1.29B for trailing twelve months, which represents an 11.32% jump. 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 51.14 points at the first support level, and at 50.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.36, and for the 2nd resistance point, it is at 52.76.
Ratios To Look Out For
It is important to note that Bentley Systems Inc [NASDAQ:BSY] has a current ratio of 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 12.21, the price to book ratio is 15.83 and price to earnings (TTM) ratio is 45.38.
Transactions by insiders
Recent insider trading involved Switchpoint Foundation, Member of Control Group, that happened on Aug 13 ’24 when 10493.0 shares were purchased. 10% Owner, Keith A Bentley 2012 Gift Trus completed a deal on Aug 14 ’24 to buy 0.23 million shares. Meanwhile, Chief Product Officer Campbell Michael M sold 4151.0 shares on Jun 03 ’24.
