BILL (NYSE:BILL) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of BILL (NYSE:BILL) in a research report report published on Monday morning,Benzinga reports. Needham & Company LLC currently has a $100.00 target price on the stock.

Several other brokerages also recently weighed in on BILL. Piper Sandler reissued an “overweight” rating and set a $85.00 price target on shares of BILL in a research report on Friday, February 7th. Oppenheimer cut their target price on shares of BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Mizuho lifted their target price on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Keefe, Bruyette & Woods cut their target price on shares of BILL from $95.00 to $77.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $105.00 target price on shares of BILL in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $81.72.

BILL Price Performance

BILL stock opened at $46.66 on Monday. The firm has a 50 day moving average price of $70.51 and a 200-day moving average price of $70.35. BILL has a 52-week low of $42.82 and a 52-week high of $100.19. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of -4,665.80, a PEG ratio of 29.46 and a beta of 2.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. Equities research analysts forecast that BILL will post 0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of BILL during the 4th quarter valued at $217,000. Public Employees Retirement System of Ohio purchased a new position in shares of BILL during the 4th quarter valued at $2,933,000. JT Stratford LLC purchased a new stake in BILL in the 4th quarter worth $369,000. Castleark Management LLC purchased a new stake in BILL in the 4th quarter worth $5,907,000. Finally, Vident Advisory LLC purchased a new stake in BILL in the 4th quarter worth $281,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

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.