BILL (NYSE:BILL) Price Target Lowered to $70.00 at KeyCorp

BILL (NYSE:BILL) had its target price decreased by KeyCorp from $85.00 to $70.00 in a report released on Tuesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

A number of other equities research analysts have also commented on BILL. Mizuho raised their price objective on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. The Goldman Sachs Group dropped their price objective on shares of BILL from $104.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Susquehanna raised their price objective on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Wells Fargo & Company dropped their price objective on shares of BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Finally, Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a report on Thursday, January 16th. One 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.89.

BILL Price Performance

Shares of BILL stock opened at $46.98 on Tuesday. BILL has a 52-week low of $42.82 and a 52-week high of $100.19. The stock has a market cap of $4.79 billion, a PE ratio of -4,697.90, 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. The firm’s 50 day moving average price is $69.77 and its two-hundred day moving average price is $70.29.

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 analysts’ consensus estimates of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. As a group, analysts forecast that BILL will post 0.12 EPS for the current year.

Institutional Trading of BILL

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in shares of BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after buying an additional 131 shares during the period. Crewe Advisors LLC boosted its holdings in shares of BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after buying an additional 173 shares during the period. Empowered Funds LLC boosted its holdings in shares of BILL by 4.0% during the 4th quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock worth $451,000 after buying an additional 207 shares during the period. Coppell Advisory Solutions LLC boosted its holdings in shares of BILL by 202.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock worth $32,000 after buying an additional 247 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in shares of BILL by 30.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock worth $58,000 after buying an additional 259 shares during the period. 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.