Wells Fargo & Company Issues Pessimistic Forecast for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL) had its price target cut by Wells Fargo & Company from $57.00 to $43.00 in a research report released on Tuesday,Benzinga reports. They currently have an underweight rating on the stock.

A number of other research firms have also recently weighed in on BILL. Canaccord Genuity Group reaffirmed a “buy” rating and set a $105.00 price objective on shares of BILL in a research report on Friday, February 7th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of BILL in a research report on Monday, March 17th. The Goldman Sachs Group cut their price objective on shares of BILL from $90.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Oppenheimer dropped their price target on shares of BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Finally, Susquehanna raised their price objective on shares of BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.94.

BILL Stock Performance

Shares of BILL opened at $40.81 on Tuesday. The company’s 50 day simple moving average is $47.26 and its 200-day simple moving average is $68.32. The firm has a market cap of $4.16 billion, a PE ratio of -4,081.00, a price-to-earnings-growth ratio of 29.46 and a beta of 1.88. BILL has a 12-month low of $36.55 and a 12-month 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.

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%. As a group, equities analysts predict that BILL will post 0.12 EPS for the current year.

Institutional Trading of BILL

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BILL. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 131 shares in the last quarter. Crewe Advisors LLC grew its stake in BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares during the period. Fifth Third Bancorp acquired a new position in BILL in the 4th quarter valued at $27,000. CoreCap Advisors LLC acquired a new position in BILL in the 4th quarter valued at $30,000. Finally, Global Retirement Partners LLC lifted its position in BILL by 12,566.7% during the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock worth $32,000 after buying an additional 377 shares during the period. Hedge funds and other institutional investors 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.