BILL (NYSE:BILL) Price Target Cut to $70.00 by Analysts at KeyCorp

BILL (NYSE:BILL) had its price target trimmed by KeyCorp from $85.00 to $70.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods dropped their price target on BILL from $95.00 to $77.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. Wells Fargo & Company dropped their price target on BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. Mizuho increased their price target on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Robert W. Baird increased their price target on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Piper Sandler restated an “overweight” rating and issued a $85.00 price target on shares of BILL in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, BILL has a consensus rating of “Moderate Buy” and an average target price of $80.89.

BILL Trading Down 0.2 %

Shares of BILL stock opened at $47.96 on Tuesday. BILL has a 12-month low of $42.82 and a 12-month high of $100.19. The stock has a market cap of $4.89 billion, a P/E ratio of -4,795.50, a P/E/G ratio of 29.46 and a beta of 2.00. 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 business’s 50 day moving average is $68.39 and its 200-day moving average is $69.98.

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 return on equity of 1.53% and a net margin of 5.90%. Equities research analysts predict that BILL will post 0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. 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 worth $26,000 after purchasing an additional 131 shares during the period. Crewe Advisors LLC increased its position in shares of BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares during the period. Fifth Third Bancorp bought a new position in shares of BILL in the fourth quarter worth $27,000. Brooklyn Investment Group bought a new position in shares of BILL in the third quarter worth $28,000. Finally, CoreCap Advisors LLC bought a new position in shares of BILL in the fourth quarter worth $30,000. Institutional investors 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.