BILL (NYSE:BILL) Given New $85.00 Price Target at KeyCorp

BILL (NYSE:BILL) had its price objective reduced by KeyCorp from $115.00 to $85.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $105.00 target price on shares of BILL in a report on Friday. Needham & Company LLC restated a “buy” rating and issued a $100.00 price objective on shares of BILL in a research note on Friday. Wells Fargo & Company reduced their target price on BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research note on Friday. Piper Sandler restated an “overweight” rating and issued a $85.00 price target on shares of BILL in a research note on Friday. Finally, The Goldman Sachs Group raised shares of BILL from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $96.00 to $104.00 in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.95.

BILL Stock Down 35.2 %

BILL stock opened at $62.40 on Friday. The company has a market cap of $6.46 billion, a price-to-earnings ratio of -189.08, a P/E/G ratio of 164.86 and a beta of 1.76. BILL has a twelve month low of $43.11 and a twelve month high of $100.19. The business has a 50 day moving average price of $89.50 and a two-hundred day moving average price of $69.34. 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 (NYSE:BILL) last released its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 0.59% and a return on equity of 1.54%. Analysts anticipate that BILL will post 0.04 EPS for the current fiscal year.

Insider Buying and Selling at BILL

In other news, Director Alison Wagonfeld sold 779 shares of the 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 sale, the director now directly owns 259 shares of the company’s stock, valued at approximately $23,310. This represents a 75.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On BILL

Institutional investors and hedge funds have recently bought and sold shares of the company. Abdiel Capital Advisors LP raised its position in shares of BILL by 48.2% in the 3rd quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after buying an additional 1,666,316 shares in the last quarter. Principal Financial Group Inc. increased its stake in BILL by 5,201.3% in the fourth quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock valued at $33,173,000 after acquiring an additional 384,217 shares during the last quarter. Two Sigma Advisers LP raised its position in BILL by 87.0% during the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after purchasing an additional 321,400 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in BILL by 297.7% during the third quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock worth $20,083,000 after purchasing an additional 284,935 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of BILL by 45.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after purchasing an additional 279,256 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

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.