BILL (NYSE:BILL) Given New $77.00 Price Target at Keefe, Bruyette & Woods

BILL (NYSE:BILL) had its target price decreased by research analysts at Keefe, Bruyette & Woods from $95.00 to $77.00 in a report issued on Friday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 20.09% from the company’s previous close.

BILL has been the subject of a number of other reports. Piper Sandler reiterated an “overweight” rating and issued a $85.00 price target on shares of BILL in a research report on Friday. Morgan Stanley raised shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research note on Thursday, January 16th. Wells Fargo & Company decreased their price objective on BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a report on Friday. The Goldman Sachs Group raised BILL from a “neutral” rating to a “buy” rating and upped their price target for the company from $96.00 to $104.00 in a research report on Thursday, January 9th. Finally, Oppenheimer raised their price target on BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.32.

BILL Price Performance

Shares of BILL stock traded down $32.23 during mid-day trading on Friday, reaching $64.12. The company’s stock had a trading volume of 18,231,584 shares, compared to its average volume of 2,996,289. BILL has a 1-year low of $43.11 and a 1-year high of $100.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. The firm’s 50-day moving average is $89.50 and its two-hundred day moving average is $69.34. The company has a market cap of $6.64 billion, a P/E ratio of -194.27, a PEG ratio of 164.86 and a beta of 1.76.

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

Insider Activity

In other BILL news, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the transaction, the director now owns 259 shares in the company, valued at $23,310. The trade was a 75.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.20% of the stock is currently owned by company insiders.

Institutional Trading of BILL

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BILL. GAMMA Investing LLC grew its stake in BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after purchasing an additional 131 shares during the period. Crewe Advisors LLC lifted its holdings in shares of BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares during the last quarter. Empowered Funds LLC increased its holdings in BILL by 4.0% during the 4th quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock valued at $451,000 after purchasing an additional 207 shares during the period. Covestor Ltd raised its holdings in BILL by 15.1% in the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company’s stock worth $100,000 after purchasing an additional 249 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in 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 purchasing an additional 259 shares during the period. Institutional investors and hedge funds 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.