BILL’s (BILL) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of BILL (NYSE:BILL) in a research note published on Friday, Benzinga reports. Canaccord Genuity Group currently has a $100.00 price objective on the stock.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group cut their price target on BILL from $95.00 to $80.00 and set a buy rating for the company in a report on Monday, April 29th. Oppenheimer upped their price target on BILL from $75.00 to $83.00 and gave the company an overweight rating in a report on Friday, February 9th. Wells Fargo & Company reaffirmed an underweight rating and issued a $60.00 price target (down previously from $70.00) on shares of BILL in a report on Monday, April 1st. BMO Capital Markets dropped their target price on BILL from $82.00 to $75.00 and set a market perform rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. cut their target price on BILL from $93.00 to $90.00 and set an overweight rating for the company in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $99.62.

BILL Stock Performance

Shares of NYSE:BILL traded down $6.72 on Friday, reaching $56.58. The company had a trading volume of 7,372,979 shares, compared to its average volume of 1,547,327. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a 50-day moving average price of $64.29 and a 200 day moving average price of $71.33. BILL has a twelve month low of $51.94 and a twelve month high of $139.50.

BILL (NYSE:BILL) last announced its earnings results on Thursday, February 8th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.26. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. The firm had revenue of $318.50 million during the quarter, compared to the consensus estimate of $296.62 million. On average, equities research analysts predict that BILL will post 0.03 EPS for the current fiscal year.

Insider Activity

In other news, SVP Germaine Cota sold 920 shares of BILL stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $65.34, for a total value of $60,112.80. Following the completion of the sale, the senior vice president now directly owns 5,093 shares of the company’s stock, valued at approximately $332,776.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On BILL

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quest Partners LLC acquired a new stake in shares of BILL during the fourth quarter worth $35,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of BILL by 57.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock worth $56,000 after purchasing an additional 295 shares during the period. Garner Asset Management Corp acquired a new stake in shares of BILL during the fourth quarter worth $90,000. Sands Capital Management LLC acquired a new stake in shares of BILL during the third quarter worth $136,000. Finally, Principal Securities Inc. acquired a new stake in shares of BILL during the fourth quarter worth $138,000. 97.99% of the stock is owned by institutional investors and hedge funds.

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.