Piper Sandler Reiterates “Overweight” Rating for BILL (NYSE:BILL)

BILL (NYSE:BILL)‘s stock had its “overweight” rating reaffirmed by research analysts at Piper Sandler in a note issued to investors on Friday,Benzinga reports. They currently have a $85.00 price target on the stock. Piper Sandler’s price objective would suggest a potential downside of 11.85% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Mizuho raised their target price on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of BILL in a research report on Friday. Oppenheimer upped their target price on BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods lowered their target price on BILL from $100.00 to $95.00 and set a “market perform” rating for the company in a research note on Monday, January 6th. Finally, The Goldman Sachs Group raised BILL from a “neutral” rating to a “buy” rating and upped their price target for the stock from $96.00 to $104.00 in a research note on Thursday, January 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.00.

BILL Stock Down 0.6 %

NYSE BILL opened at $96.43 on Friday. BILL has a 1 year low of $43.11 and a 1 year high of $100.19. The stock has a market capitalization of $9.98 billion, a PE ratio of -292.20, a PEG ratio of 164.86 and a beta of 1.76. 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’s 50-day moving average is $89.50 and its 200 day moving average is $69.34.

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

Insider Activity at BILL

In other BILL news, Director Alison Wagonfeld sold 779 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total transaction of $70,110.00. Following the transaction, the director now owns 259 shares in the company, valued at approximately $23,310. This represents a 75.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake 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 buying an additional 131 shares during the last quarter. Crewe Advisors LLC boosted its stake in shares of BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after buying an additional 173 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of BILL in the fourth quarter worth $27,000. Brooklyn Investment Group purchased a new stake in BILL during the third quarter valued at $28,000. Finally, Global Retirement Partners LLC lifted its holdings in BILL by 12,566.7% in the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock valued at $32,000 after acquiring an additional 377 shares during the period. 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.