BILL (NYSE:BILL) Price Target Cut to $74.00

BILL (NYSE:BILL) had its price target dropped by research analysts at Robert W. Baird from $78.00 to $74.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price target points to a potential upside of 20.78% from the stock’s previous close.

BILL has been the subject of a number of other reports. Piper Sandler cut their price target on BILL from $95.00 to $77.00 and set an “overweight” rating for the company in a report on Friday, April 12th. BNP Paribas raised BILL from an “underperform” rating to a “neutral” rating and set a $72.00 price target for the company in a report on Wednesday, March 13th. Citigroup lifted their price target on BILL from $85.00 to $86.00 and gave the company a “buy” rating in a report on Monday, February 12th. Oppenheimer lifted their price target on BILL from $75.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. lowered their price objective on BILL from $93.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, BILL presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.57.

BILL Stock Up 1.1 %

Shares of BILL stock opened at $61.27 on Monday. The stock has a market cap of $6.44 billion, a P/E ratio of -56.73, a price-to-earnings-growth ratio of 80.23 and a beta of 1.66. BILL has a one year low of $51.94 and a one year high of $139.50. The stock has a fifty day moving average price of $64.44 and a 200 day moving average price of $73.26. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69.

BILL (NYSE:BILL) last issued its earnings results on Thursday, February 8th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.26. The firm had revenue of $318.50 million during the quarter, compared to analysts’ expectations of $296.62 million. BILL had a positive return on equity of 0.29% and a negative net margin of 9.67%. Analysts predict that BILL will post 0.03 earnings per share for the current year.

Insider Buying and Selling at BILL

In other news, SVP Germaine Cota sold 920 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $65.34, for a total transaction of $60,112.80. Following the sale, the senior vice president now owns 5,093 shares in the company, valued at approximately $332,776.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On BILL

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. acquired a new position in shares of BILL during the 4th quarter worth approximately $5,038,000. Carnegie Capital Asset Management LLC increased its holdings in shares of BILL by 105.7% during the 4th quarter. Carnegie Capital Asset Management LLC now owns 79,770 shares of the company’s stock worth $6,508,000 after acquiring an additional 40,997 shares during the last quarter. Handelsinvest Investeringsforvaltning acquired a new position in shares of BILL during the 4th quarter worth approximately $312,000. Blair William & Co. IL increased its holdings in shares of BILL by 18.1% during the 3rd quarter. Blair William & Co. IL now owns 54,710 shares of the company’s stock worth $5,940,000 after acquiring an additional 8,372 shares during the last quarter. Finally, Rheos Capital Works Inc. increased its holdings in shares of BILL by 15.6% during the 4th quarter. Rheos Capital Works Inc. now owns 229,500 shares of the company’s stock worth $18,725,000 after acquiring an additional 31,000 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.

About BILL

BILL Holdings, Inc provides financial automation software for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve office efficiency.