BILL’s (BILL) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of BILL (NYSE:BILL) in a report issued on Monday,Benzinga reports. The firm currently has a $100.00 price objective on the stock.

Several other equities analysts have also recently commented on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $85.00 price target on shares of BILL in a report on Friday, February 7th. Susquehanna upped their price objective on BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Mizuho lifted their target price on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Keefe, Bruyette & Woods decreased their price objective on shares of BILL from $95.00 to $77.00 and set a “market perform” rating for the company in a report on Friday, February 7th. Finally, The Goldman Sachs Group decreased their price objective on BILL from $104.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, BILL has a consensus rating of “Moderate Buy” and an average price target of $80.89.

BILL Trading Up 2.3 %

Shares of NYSE BILL opened at $48.03 on Monday. The firm has a market capitalization of $4.90 billion, a PE ratio of -4,802.60, a PEG ratio of 29.46 and a beta of 2.00. BILL has a one year low of $42.82 and a one year high of $100.19. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $69.08 and a two-hundred day moving average price of $70.14.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. As a group, analysts predict that BILL will post 0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BILL

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after buying an additional 131 shares during the last quarter. Crewe Advisors LLC lifted its position in shares of BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after buying an additional 173 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of BILL in the fourth quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new stake in shares of BILL during the third quarter valued at approximately $28,000. Finally, CoreCap Advisors LLC bought a new stake in BILL during the fourth quarter worth $30,000. 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.