Morgan Stanley Cuts BILL (NYSE:BILL) Price Target to $65.00

BILL (NYSE:BILL) had its price target cut by equities researchers at Morgan Stanley from $100.00 to $65.00 in a research report issued on Wednesday, MarketBeat.com reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 59.96% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company reduced their price objective on shares of BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. Mizuho reduced their price target on BILL from $70.00 to $53.00 and set a “neutral” rating on the stock in a research note on Tuesday. Oppenheimer decreased their price objective on BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Canaccord Genuity Group reiterated a “buy” rating and issued a $105.00 target price on shares of BILL in a research note on Friday, February 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of BILL in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $71.72.

BILL Price Performance

Shares of NYSE:BILL opened at $40.63 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. The business’s fifty day moving average price is $48.51 and its two-hundred day moving average price is $68.46. The stock has a market cap of $4.14 billion, a PE ratio of -4,063.40, a price-to-earnings-growth ratio of 29.46 and a beta of 1.88. BILL has a one year low of $36.55 and a one year high of $100.19.

BILL (NYSE:BILL) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.05 EPS 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%. On average, analysts forecast that BILL will post 0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in shares of BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after buying an additional 131 shares in the last quarter. Crewe Advisors LLC grew its position in BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after acquiring an additional 173 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of BILL during the fourth quarter valued at approximately $27,000. CoreCap Advisors LLC acquired a new position in shares of BILL during the fourth quarter worth $30,000. Finally, Global Retirement Partners LLC boosted its stake in shares of BILL by 12,566.7% in the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock valued at $32,000 after purchasing an additional 377 shares during the period. 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.