BILL (NYSE:BILL) Given New $60.00 Price Target at The Goldman Sachs Group

BILL (NYSE:BILL) had its price objective upped by The Goldman Sachs Group from $54.00 to $60.00 in a report published on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts have also recently weighed in on the stock. Piper Sandler lifted their price objective on shares of BILL from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Wolfe Research cut shares of BILL from an “outperform” rating to a “peer perform” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. dropped their price objective on shares of BILL from $80.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, August 20th. Canaccord Genuity Group restated a “buy” rating and issued a $100.00 price objective on shares of BILL in a report on Friday, August 23rd. Finally, BNP Paribas upgraded shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price objective for the company in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.59.

BILL Price Performance

BILL stock opened at $55.54 on Monday. The company’s 50 day simple moving average is $52.31 and its 200-day simple moving average is $53.98. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of -70.30 and a beta of 1.61. BILL has a 1 year low of $43.11 and a 1 year high of $113.01. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.55 and a current ratio of 1.55.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. The business had revenue of $343.67 million for the quarter, compared to the consensus estimate of $328.27 million. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. The business’s revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. As a group, equities research analysts expect that BILL will post -0.58 earnings per share for the current year.

Insider Activity

In related news, CFO John R. Rettig bought 21,124 shares of the stock in a transaction dated Monday, August 26th. The stock was acquired at an average price of $49.40 per share, for a total transaction of $1,043,525.60. Following the acquisition, the chief financial officer now owns 80,474 shares in the company, valued at approximately $3,975,415.60. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Brian Jacobs bought 5,000 shares of the stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average price of $53.16 per share, for a total transaction of $265,800.00. Following the acquisition, the director now owns 9,559 shares in the company, valued at approximately $508,156.44. This represents a 100.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO John R. Rettig purchased 21,124 shares of BILL stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average price of $49.40 per share, with a total value of $1,043,525.60. Following the transaction, the chief financial officer now owns 80,474 shares in the company, valued at $3,975,415.60. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 68,372 shares of company stock worth $3,404,826. Corporate insiders own 3.80% of the company’s stock.

Institutional Trading of BILL

Several institutional investors and hedge funds have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale raised its position in BILL by 4.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock valued at $449,000 after purchasing an additional 257 shares during the last quarter. Advisors Asset Management Inc. raised its position in BILL by 75.0% in the 1st quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after purchasing an additional 282 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in BILL by 57.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock valued at $56,000 after purchasing an additional 295 shares during the last quarter. Institute for Wealth Management LLC. raised its position in BILL by 4.4% in the 2nd quarter. Institute for Wealth Management LLC. now owns 7,670 shares of the company’s stock valued at $404,000 after purchasing an additional 322 shares during the last quarter. Finally, UniSuper Management Pty Ltd raised its position in BILL by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock valued at $96,000 after purchasing an additional 700 shares during the last quarter. Hedge funds and other 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.