BILL (NYSE:BILL) Price Target Lowered to $80.00 at Jefferies Financial Group

BILL (NYSE:BILL) had its target price lowered by Jefferies Financial Group from $95.00 to $80.00 in a research note published on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

BILL has been the topic of a number of other reports. Citigroup lifted their price target on BILL from $85.00 to $86.00 and gave the stock a buy rating in a report on Monday, February 12th. Oppenheimer lifted their target price on BILL from $75.00 to $83.00 and gave the stock an overweight rating in a research note on Friday, February 9th. JPMorgan Chase & Co. reduced their price target on shares of BILL from $93.00 to $90.00 and set an overweight rating for the company in a research report on Friday, February 9th. Robert W. Baird decreased their price objective on shares of BILL from $78.00 to $74.00 and set a neutral rating for the company in a report on Monday, April 22nd. Finally, Piper Sandler dropped their target price on shares of BILL from $95.00 to $77.00 and set an overweight rating on the stock in a research note on Friday, April 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $101.57.

BILL Stock Up 0.9 %

BILL opened at $63.03 on Monday. BILL has a fifty-two week low of $51.94 and a fifty-two week high of $139.50. The firm has a market capitalization of $6.63 billion, a P/E ratio of -58.36, a PEG ratio of 84.04 and a beta of 1.66. The company’s 50-day moving average is $64.25 and its 200 day moving average is $71.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69.

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Quest Partners LLC bought a new stake in BILL during the fourth quarter valued at $35,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of BILL by 57.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock worth $56,000 after acquiring an additional 295 shares during the last quarter. Garner Asset Management Corp purchased a new position in shares of BILL in the 4th quarter worth about $90,000. Sands Capital Management LLC purchased a new stake in BILL in the third quarter worth approximately $136,000. Finally, Principal Securities Inc. bought a new position in BILL during the fourth quarter valued at approximately $138,000. 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.