BILL (NYSE:BILL) Earns Buy Rating from Needham & Company LLC

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

A number of other research firms have also recently weighed in on BILL. BMO Capital Markets lowered their target price on shares of BILL from $82.00 to $75.00 and set a market perform rating on the stock in a research note on Friday. Piper Sandler lowered their price objective on BILL from $95.00 to $77.00 and set an overweight rating on the stock in a research report on Friday, April 12th. Oppenheimer increased their target price on BILL from $75.00 to $83.00 and gave the stock an overweight rating in a research report on Friday, February 9th. Robert W. Baird decreased their target price on BILL from $78.00 to $74.00 and set a neutral rating on the stock in a research note on Monday, April 22nd. Finally, Wells Fargo & Company restated an underweight rating and issued a $60.00 price target (down from $70.00) on shares of BILL in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $99.10.

BILL Stock Down 10.6 %

BILL stock opened at $56.58 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. The stock has a fifty day simple moving average of $64.16 and a two-hundred day simple moving average of $70.44. BILL has a 12 month low of $51.94 and a 12 month high of $139.50. The firm has a market cap of $5.95 billion, a price-to-earnings ratio of -71.62, a PEG ratio of 76.15 and a beta of 1.68.

BILL (NYSE:BILL) last announced its earnings results on Thursday, February 8th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. The business had revenue of $318.50 million during the quarter, compared to analysts’ expectations of $296.62 million. Equities analysts predict that BILL will post 0.04 EPS for the current fiscal year.

Insider Activity

In related news, SVP Germaine Cota sold 920 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $65.34, for a total transaction of $60,112.80. Following the completion of the transaction, the senior vice president now owns 5,093 shares in the company, valued at approximately $332,776.62. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On BILL

A number of hedge funds have recently added to or reduced their stakes in the stock. Quest Partners LLC bought a new stake in BILL during the 4th quarter valued at $35,000. Benjamin F. Edwards & Company Inc. grew its position in 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 purchasing an additional 295 shares during the period. Garner Asset Management Corp purchased a new stake in shares of BILL in the fourth quarter worth about $90,000. Sands Capital Management LLC purchased a new position in BILL during the third quarter valued at approximately $136,000. Finally, Signaturefd LLC lifted its holdings in BILL by 13.7% in the third quarter. Signaturefd LLC now owns 1,302 shares of the company’s stock valued at $141,000 after acquiring an additional 157 shares during the period. 97.99% of the stock is currently owned by 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.