BILL (NYSE:BILL) Receives Overweight Rating from Piper Sandler

Piper Sandler reissued their overweight rating on shares of BILL (NYSE:BILL) in a research report released on Friday morning,Benzinga reports. The firm currently has a $85.00 target price on the stock.

Several other research analysts also recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of BILL in a report on Friday. The Goldman Sachs Group raised BILL from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $96.00 to $104.00 in a research note on Thursday, January 9th. Mizuho boosted their price objective on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Wells Fargo & Company raised their target price on shares of BILL from $55.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Finally, Robert W. Baird upped their price target on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. 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 stock. According to data from MarketBeat.com, BILL currently has an average rating of “Moderate Buy” and a consensus price target of $81.95.

BILL Stock Performance

NYSE:BILL opened at $62.40 on Friday. 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 current ratio of 1.53 and a quick ratio of 1.53. The business has a 50 day moving average of $89.50 and a 200 day moving average of $69.34. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of -189.08, 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, sell-side analysts predict that BILL will post 0.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BILL 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 value of $70,110.00. Following the completion of the transaction, the director now owns 259 shares in the company, valued at approximately $23,310. This 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 can be accessed through this link. 4.20% of the stock is currently owned by company insiders.

Institutional Trading of BILL

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after acquiring an additional 131 shares during the period. Crewe Advisors LLC increased its stake in shares of BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after purchasing an additional 173 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of BILL during the fourth quarter valued at approximately $27,000. Global Retirement Partners LLC boosted its position in shares of BILL by 12,566.7% in the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock worth $32,000 after purchasing an additional 377 shares in the last quarter. Finally, UMB Bank n.a. purchased a new stake in shares of BILL in the 4th quarter worth approximately $35,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

About BILL

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.