BILL (NYSE:BILL) Price Target Cut to $75.00

BILL (NYSE:BILL) had its price objective lowered by BMO Capital Markets from $82.00 to $75.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 32.56% from the company’s previous close.

A number of other equities analysts have also commented on BILL. JPMorgan Chase & Co. dropped their price target on shares of BILL from $93.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Wells Fargo & Company reiterated an “underweight” rating and issued a $60.00 target price (down previously from $70.00) on shares of BILL in a report on Monday, April 1st. Jefferies Financial Group decreased their price target on shares of BILL from $95.00 to $80.00 and set a “buy” rating for the company in a report on Monday, April 29th. BNP Paribas raised BILL from an “underperform” rating to a “neutral” rating and set a $72.00 price objective for the company in a research report on Wednesday, March 13th. Finally, Piper Sandler decreased their target price on BILL from $95.00 to $77.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.62.

BILL Stock Down 10.6 %

BILL stock opened at $56.58 on Friday. BILL has a 12 month low of $51.94 and a 12 month high of $139.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. The company’s fifty day simple moving average is $64.16 and its 200-day simple moving average is $70.94.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.26. The firm had revenue of $318.50 million for the quarter, compared to the consensus estimate of $296.62 million. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. On average, sell-side analysts predict that BILL will post 0.04 earnings per share for the current fiscal year.

Insider Activity at BILL

In other BILL news, SVP Germaine Cota sold 920 shares of the business’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 transaction, the senior vice president now owns 5,093 shares of the company’s stock, valued at $332,776.62. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BILL

Several institutional investors and hedge funds have recently modified their holdings of the stock. Quest Partners LLC acquired a new stake in shares of BILL during the 4th quarter worth about $35,000. Benjamin F. Edwards & Company Inc. increased its position in BILL by 57.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock worth $56,000 after buying an additional 295 shares during the period. Garner Asset Management Corp bought a new position in shares of BILL during the fourth quarter worth approximately $90,000. Sands Capital Management LLC acquired a new position in BILL in the 3rd quarter valued at $136,000. Finally, Signaturefd LLC raised its stake in BILL by 13.7% in the third quarter. Signaturefd LLC now owns 1,302 shares of the company’s stock valued at $141,000 after purchasing an additional 157 shares in 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.