BILL (NYSE:BILL) Given New $54.00 Price Target at Keefe, Bruyette & Woods

BILL (NYSE:BILL) had its price objective lowered by Keefe, Bruyette & Woods from $77.00 to $54.00 in a report released on Monday,Benzinga reports. The firm currently has a market perform rating on the stock.

A number of other research analysts also recently issued reports on the company. Oppenheimer dropped their price objective on BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Mizuho upped their price target on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Robert W. Baird increased their price target on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Canaccord Genuity Group restated a “buy” rating and set a $105.00 price objective on shares of BILL in a report on Friday, February 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of BILL in a research report on Monday, March 17th. One investment 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.61.

BILL Trading Down 0.5 %

NYSE BILL opened at $46.02 on Monday. The firm has a market capitalization of $4.69 billion, a PE ratio of -4,602.40, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00. The business’s 50-day moving average price is $63.17 and its two-hundred day moving average price is $69.94. 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 has a 12 month low of $42.82 and a 12 month high of $100.19.

BILL (NYSE:BILL) last announced its earnings results on Thursday, February 6th. The company reported $0.05 EPS 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%. On average, analysts expect that BILL will post 0.12 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BILL. GAMMA Investing LLC raised its stake 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 purchasing an additional 131 shares during the period. Crewe Advisors LLC increased its holdings in BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after buying an additional 173 shares during the last quarter. Fifth Third Bancorp bought a new stake in BILL in the fourth quarter worth about $27,000. CoreCap Advisors LLC purchased a new position in BILL in the fourth quarter valued at about $30,000. Finally, Coppell Advisory Solutions LLC grew its position in shares of BILL by 202.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock valued at $32,000 after acquiring an additional 247 shares during the period. 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.