BILL (NYSE:BILL) Price Target Lowered to $74.00 at Robert W. Baird

BILL (NYSE:BILL) had its price objective decreased by Robert W. Baird from $78.00 to $74.00 in a report issued on Monday, Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Several other equities analysts have also weighed in on the stock. Needham & Company LLC reaffirmed a buy rating and set a $100.00 price objective on shares of BILL in a research report on Friday, February 9th. JPMorgan Chase & Co. cut their price objective on shares of BILL from $93.00 to $90.00 and set an overweight rating on the stock in a research report on Friday, February 9th. Piper Sandler cut their price objective on shares of BILL from $95.00 to $77.00 and set an overweight rating on the stock in a research report on Friday, April 12th. Oppenheimer raised their price objective on shares of BILL from $75.00 to $83.00 and gave the company an overweight rating in a research report on Friday, February 9th. Finally, Citigroup raised their price objective on shares of BILL from $85.00 to $86.00 and gave the company a buy rating in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $103.57.

BILL Stock Performance

BILL stock opened at $60.65 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market cap of $6.38 billion, a P/E ratio of -56.16, a P/E/G ratio of 80.23 and a beta of 1.66. The firm has a 50 day simple moving average of $64.47 and a 200 day simple moving average of $73.62. BILL has a 52 week low of $51.94 and a 52 week high of $139.50.

BILL (NYSE:BILL) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.26. The business had revenue of $318.50 million during the quarter, compared to analysts’ expectations of $296.62 million. BILL had a negative net margin of 9.67% and a positive return on equity of 0.29%. Research analysts anticipate that BILL will post 0.03 earnings per share for the current fiscal year.

Insider Transactions at BILL

In other news, SVP Germaine Cota sold 920 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $65.34, for a total value of $60,112.80. Following the sale, the senior vice president now owns 5,093 shares in the company, valued at $332,776.62. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BILL

A number of institutional investors have recently bought and sold shares of BILL. Coatue Management LLC acquired a new stake in BILL during the fourth quarter worth $163,218,000. Norges Bank acquired a new stake in BILL during the fourth quarter worth $95,702,000. Lone Pine Capital LLC boosted its stake in BILL by 39.7% during the third quarter. Lone Pine Capital LLC now owns 2,546,689 shares of the company’s stock worth $276,494,000 after buying an additional 723,151 shares in the last quarter. Contour Asset Management LLC acquired a new stake in BILL during the fourth quarter worth $49,509,000. Finally, Gotham Asset Management LLC boosted its stake in BILL by 14,421.8% during the fourth quarter. Gotham Asset Management LLC now owns 508,408 shares of the company’s stock worth $41,481,000 after buying an additional 504,907 shares in the last quarter. Institutional investors and hedge funds 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.