Needham & Company LLC Lowers BILL (NYSE:BILL) Price Target to $75.00

BILL (NYSE:BILL) had its price target cut by Needham & Company LLC from $100.00 to $75.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently weighed in on the company. BTIG Research assumed coverage on BILL in a report on Wednesday, April 30th. They set a “buy” rating and a $60.00 price target for the company. Robert W. Baird lowered their target price on shares of BILL from $82.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, April 4th. Mizuho cut their price target on shares of BILL from $70.00 to $53.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Keefe, Bruyette & Woods lowered their price objective on BILL from $77.00 to $54.00 and set a “market perform” rating on the stock in a report on Monday, March 31st. Finally, Seaport Res Ptn downgraded BILL from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, BILL has an average rating of “Moderate Buy” and an average price target of $65.50.

BILL Stock Down 6.1%

Shares of NYSE BILL opened at $44.66 on Friday. The business has a 50-day moving average of $44.69 and a two-hundred day moving average of $67.47. BILL has a 1 year low of $36.55 and a 1 year high of $100.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of -4,466.00, a price-to-earnings-growth ratio of 29.46 and a beta of 1.44.

BILL (NYSE:BILL) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. The company had revenue of $358.22 million during the quarter, compared to analysts’ expectations of $355.85 million. BILL had a return on equity of 1.53% and a net margin of 5.90%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. On average, analysts forecast that BILL will post 0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after buying an additional 131 shares in the last quarter. Crewe Advisors LLC boosted its stake in shares of BILL by 129.1% during 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 during the last quarter. Fifth Third Bancorp purchased a new stake in BILL during the 4th quarter worth about $27,000. CoreCap Advisors LLC acquired a new position in BILL in the 4th quarter valued at about $30,000. Finally, Global Retirement Partners LLC raised its stake in BILL by 12,566.7% in 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 during the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

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.