Wells Fargo & Company Cuts BILL (NYSE:BILL) Price Target to $40.00

BILL (NYSE:BILL) had its price target lowered by Wells Fargo & Company from $43.00 to $40.00 in a report issued on Friday morning,Benzinga reports. The firm currently has an underweight rating on the stock.

BILL has been the subject of a number of other research reports. Canaccord Genuity Group reiterated a “buy” rating and set a $105.00 target price on shares of BILL in a report on Friday, February 7th. KeyCorp decreased their target price on shares of BILL from $70.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Morgan Stanley restated an “overweight” rating on shares of BILL in a research note on Wednesday, April 16th. BTIG Research started coverage on BILL in a research note on Wednesday, April 30th. They set a “buy” rating and a $60.00 price objective on the stock. Finally, Piper Sandler decreased their target price on shares of BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.50.

BILL Trading Down 6.1%

NYSE:BILL opened at $44.66 on Friday. 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 business’s 50-day simple moving average is $44.69 and its 200-day simple moving average is $67.47. BILL has a fifty-two week low of $36.55 and a fifty-two week high of $100.19. The stock has a market capitalization of $4.55 billion, a PE ratio of -4,466.00, a price-to-earnings-growth ratio of 29.46 and a beta of 1.44.

BILL (NYSE:BILL) last announced its earnings results on Thursday, May 8th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.37 by $0.13. The firm had revenue of $358.22 million for the quarter, compared to the consensus estimate of $355.85 million. BILL had a net margin of 5.90% and a return on equity of 1.53%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS. Sell-side analysts expect that BILL will post 0.12 earnings per share for the current fiscal year.

Institutional Trading of BILL

A number of hedge funds have recently modified their holdings of BILL. GAMMA Investing LLC grew its stake 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 boosted its holdings in shares of BILL by 129.1% during the fourth 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 shares of BILL in the fourth quarter valued at approximately $27,000. CoreCap Advisors LLC bought a new position in shares of BILL during the fourth quarter worth approximately $30,000. Finally, Coppell Advisory Solutions LLC increased its stake in shares of BILL by 202.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock worth $32,000 after purchasing an additional 247 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.