Wells Fargo & Company Lowers BILL (NYSE:BILL) Price Target to $43.00

BILL (NYSE:BILL) had its price target cut by investment analysts at Wells Fargo & Company from $57.00 to $43.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 7.77% from the stock’s previous close.

Several other research firms also recently commented on BILL. KeyCorp decreased their price objective on BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Keefe, Bruyette & Woods reduced their price objective on shares of BILL from $77.00 to $54.00 and set a “market perform” rating for the company in a research note on Monday, March 31st. The Goldman Sachs Group cut their price target on BILL from $90.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Seaport Res Ptn downgraded BILL from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 17th. Finally, Piper Sandler decreased their target price on BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, BILL has an average rating of “Moderate Buy” and an average price target of $70.94.

BILL Stock Down 1.7 %

BILL opened at $39.90 on Tuesday. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of -3,990.00, a PEG ratio of 29.46 and a beta of 1.88. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average price of $47.67 and a 200-day moving average price of $68.51. BILL has a twelve month low of $36.55 and a twelve month high of $100.19.

BILL (NYSE:BILL) last released its quarterly earnings results 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 5.90% and a return on equity of 1.53%. Equities research analysts forecast that BILL will post 0.12 earnings per share for the current year.

Institutional Investors Weigh In On BILL

Several institutional investors and hedge funds have recently added to or reduced their stakes in BILL. Versant Capital Management Inc lifted its stake in BILL by 26.7% in the fourth quarter. Versant Capital Management Inc now owns 1,615 shares of the company’s stock valued at $137,000 after buying an additional 340 shares during the last quarter. GAMMA Investing LLC increased its position in shares of BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after buying an additional 131 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of BILL in the fourth quarter valued at approximately $264,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of BILL in the fourth quarter worth $239,000. Finally, Gateway Investment Advisers LLC acquired a new position in BILL in the 4th quarter valued at about $1,832,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

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.