BILL (NYSE:BILL) Price Target Raised to $100.00 at Robert W. Baird

BILL (NYSE:BILL) had its target price hoisted by investment analysts at Robert W. Baird from $74.00 to $100.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 11.46% from the company’s previous close.

BILL has been the topic of a number of other research reports. Mizuho lowered their price target on BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, August 28th. Susquehanna restated a “positive” rating and issued a $100.00 price target on shares of BILL in a research report on Monday, August 19th. UBS Group decreased their price objective on shares of BILL from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Piper Sandler raised their target price on shares of BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $100.00 price target on shares of BILL in a report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $78.28.

BILL Price Performance

Shares of BILL traded up $0.20 during trading hours on Tuesday, reaching $89.72. The company had a trading volume of 173,680 shares, compared to its average volume of 1,906,405. The company has a market capitalization of $9.29 billion, a price-to-earnings ratio of -271.24 and a beta of 1.71. BILL has a 12-month low of $43.11 and a 12-month high of $94.28. The firm has a 50 day simple moving average of $66.13 and a 200-day simple moving average of $56.61. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23.

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 stock was sold at an average price of $90.00, for a total transaction of $70,110.00. Following the completion of the sale, the director now directly owns 259 shares in the company, valued at $23,310. This represents a 75.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Germaine Cota sold 1,525 shares of BILL stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the transaction, the senior vice president now directly owns 5,348 shares in the company, valued at $417,090.52. This represents a 22.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,823 shares of company stock worth $218,887. 4.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On BILL

Several large investors have recently made changes to their positions in BILL. Abdiel Capital Advisors LP grew its stake in shares of BILL by 48.2% in the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after buying an additional 1,666,316 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of BILL by 70.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock worth $73,049,000 after purchasing an additional 575,084 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of BILL by 45.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after purchasing an additional 279,256 shares during the period. Two Sigma Advisers LP increased its stake in BILL by 87.0% during the 3rd quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock worth $36,447,000 after buying an additional 321,400 shares during the period. Finally, Marshall Wace LLP lifted its holdings in BILL by 13.9% in the 2nd quarter. Marshall Wace LLP now owns 635,937 shares of the company’s stock worth $33,463,000 after buying an additional 77,508 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.