BILL’s (BILL) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of BILL (NYSE:BILL) in a report issued on Friday,Benzinga reports. They currently have a $100.00 price target on the stock.

A number of other research firms also recently commented on BILL. The Goldman Sachs Group upgraded BILL from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $96.00 to $104.00 in a research report on Thursday, January 9th. Wells Fargo & Company upped their price objective on BILL from $55.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. 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. Morgan Stanley raised shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a research note on Thursday, January 16th. Finally, Robert W. Baird lifted their price objective on shares of BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.95.

BILL Trading Down 35.2 %

BILL stock opened at $62.40 on Friday. BILL has a 1 year low of $43.11 and a 1 year high of $100.19. The firm’s 50 day moving average price is $89.50 and its 200-day moving average price is $69.34. 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 stock has a market cap of $6.46 billion, a P/E ratio of -189.08, a PEG ratio of 164.86 and a beta of 1.76.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a net margin of 0.59% and a return on equity of 1.54%. On average, equities analysts predict that BILL will post 0.04 earnings per share for the current fiscal year.

Insider Transactions at BILL

In other 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 value of $70,110.00. Following the transaction, the director now directly owns 259 shares in the company, valued at approximately $23,310. This represents a 75.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On BILL

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in shares of BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after acquiring an additional 131 shares during the period. Crewe Advisors LLC grew its stake in BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares in the last quarter. Fifth Third Bancorp purchased a new position in BILL during the 4th quarter worth $27,000. Global Retirement Partners LLC raised its position in BILL by 12,566.7% during the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock valued at $32,000 after purchasing an additional 377 shares in the last quarter. Finally, UMB Bank n.a. purchased a new stake in shares of BILL in the 4th quarter worth $35,000. 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.