Oppenheimer Has Lowered Expectations for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL) had its price target decreased by Oppenheimer from $110.00 to $90.00 in a report published on Friday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the company. Robert W. Baird lifted their price target on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $85.00 target price on shares of BILL in a report on Friday. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of BILL in a report on Friday. Wells Fargo & Company lowered their price objective on shares of BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a research note on Friday. Finally, Keefe, Bruyette & Woods cut their target price on shares of BILL from $95.00 to $77.00 and set a “market perform” rating for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.95.

BILL Stock Performance

BILL stock opened at $62.40 on Friday. The company has a 50-day simple moving average of $89.50 and a 200 day simple moving average of $69.34. The company has a market capitalization of $6.46 billion, a P/E ratio of -189.08, a PEG ratio of 164.86 and a beta of 1.76. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23. BILL has a fifty-two week low of $43.11 and a fifty-two week high of $100.19.

BILL (NYSE:BILL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a return on equity of 1.54% and a net margin of 0.59%. Sell-side analysts predict that BILL will post 0.04 earnings per share for the current fiscal year.

Insider Transactions at BILL

In related news, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total transaction of $70,110.00. Following the completion of the sale, the director now owns 259 shares of the company’s stock, valued at approximately $23,310. This trade represents a 75.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.20% of the stock is owned by insiders.

Institutional Investors Weigh In On BILL

Several institutional investors have recently made changes to their positions in BILL. GAMMA Investing LLC grew its position in BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after acquiring an additional 131 shares in the last quarter. Crewe Advisors LLC boosted its holdings in BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares in the last quarter. Empowered Funds LLC increased its position in BILL by 4.0% during the fourth quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock worth $451,000 after buying an additional 207 shares during the last quarter. Covestor Ltd raised its holdings in BILL by 15.1% during the third quarter. Covestor Ltd now owns 1,897 shares of the company’s stock valued at $100,000 after buying an additional 249 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of BILL by 30.8% in the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock worth $58,000 after buying an additional 259 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

BILL Company Profile

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.