BILL (NYSE:BILL) Stock Price Expected to Rise, Citigroup Analyst Says

BILL (NYSE:BILL) had its target price boosted by equities research analysts at Citigroup from $55.00 to $60.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup‘s price target points to a potential upside of 10.98% from the stock’s current price.

Several other brokerages also recently weighed in on BILL. TD Cowen upped their target price on shares of BILL from $59.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday. Oppenheimer boosted their price target on shares of BILL from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday. Keefe, Bruyette & Woods upped their price objective on BILL from $52.00 to $58.00 and gave the stock a “market perform” rating in a research report on Friday. Needham & Company LLC reiterated a “buy” rating on shares of BILL in a research note on Thursday, August 20th. Finally, Truist Financial cut their price target on BILL from $52.00 to $50.00 and set a “hold” rating on the stock in a report on Friday, October 23rd. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.82.

BILL Trading Up 3.2%

Shares of BILL traded up $1.65 during trading on Monday, reaching $54.06. 466,198 shares of the company traded hands, compared to its average volume of 2,379,233. The stock has a 50-day simple moving average of $47.26 and a 200-day simple moving average of $42.70. The stock has a market cap of $4.64 billion, a PE ratio of 105.49, a price-to-earnings-growth ratio of 0.76 and a beta of 1.08. BILL has a twelve month low of $31.41 and a twelve month high of $57.21. The company has a quick ratio of 1.51, a current ratio of 1.50 and a debt-to-equity ratio of 0.52.

BILL (NYSE:BILL) last posted its earnings results on Thursday, November 5th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.20. BILL had a return on equity of 5.83% and a net margin of 3.23%. The firm had revenue of $353.77 million for the quarter, compared to analyst estimates of $438.62 million. During the same quarter in the prior year, the company earned $0.61 EPS. BILL’s revenue was down 10.6% on a year-over-year basis. BILL has set its FY 2027 guidance at 3.990-4.150 EPS and its Q2 2027 guidance at 0.970-1.010 EPS. On average, analysts anticipate that BILL will post 2.29 earnings per share for the current year.

Insider Activity at BILL

In other news, CEO Rene A. Lacerte sold 141,256 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $48.42, for a total value of $6,839,615.52. Following the sale, the chief executive officer directly owned 100,899 shares in the company, valued at approximately $4,885,529.58. This trade represents a 58.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Cieri sold 10,754 shares of BILL stock in a transaction on Monday, August 31st. The stock was sold at an average price of $49.13, for a total transaction of $528,344.02. Following the sale, the insider directly owned 997 shares of the company’s stock, valued at approximately $48,982.61. This trade represents a 91.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 267,997 shares of company stock valued at $13,057,984 in the last quarter. 14.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BILL

Several large investors have recently bought and sold shares of BILL. Hantz Financial Services Inc. raised its stake in BILL by 27.0% in the third quarter. Hantz Financial Services Inc. now owns 4,095 shares of the company’s stock valued at $174,000 after buying an additional 870 shares in the last quarter. Maryland State Retirement & Pension System purchased a new stake in BILL during the 3rd quarter worth about $200,000. Allspring Global Investments Holdings LLC acquired a new position in shares of BILL during the 3rd quarter worth about $35,983,000. CenterBook Partners LP acquired a new position in shares of BILL during the 3rd quarter worth about $449,000. Finally, Chicago Partners Investment Group LLC purchased a new position in shares of BILL in the 3rd quarter valued at about $472,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Company Profile

BILL (NYSE: BILL), formerly known as Bill.com, provides cloud-based financial operations software for small and midsize businesses and the accounting firms that support them. Its platform helps organizations manage accounts payable and accounts receivable, digitize invoices, and automate financial workflows.

Products and services include tools for invoice processing, bill payment, customer invoicing, payment collection, and spend and expense management. BILL also connects businesses with suppliers, customers, and accounting software, helping reduce manual data entry and coordinate financial information.

Founded in 2006 by René Lacerte, the company is headquartered in San Jose, California.