Oppenheimer Cuts BILL (NYSE:BILL) Price Target to $90.00

BILL (NYSE:BILL) had its price objective cut by Oppenheimer from $110.00 to $90.00 in a research report report published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Several other research analysts also recently commented on the company. The Goldman Sachs Group upgraded BILL from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $96.00 to $104.00 in a report on Thursday, January 9th. KeyCorp reduced their target price on BILL from $115.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday. Robert W. Baird lifted their price target on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Susquehanna boosted their target price on BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of BILL in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.95.

BILL Stock Down 35.2 %

BILL stock opened at $62.40 on Friday. The company has a market cap of $6.46 billion, a P/E ratio of -6,239.50, a price-to-earnings-growth ratio of 157.98 and a beta of 1.76. The stock’s 50 day simple moving average is $88.94 and its 200 day simple moving average is $69.51. BILL has a fifty-two week low of $43.11 and a fifty-two week high of $100.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53.

BILL (NYSE:BILL) last announced its quarterly earnings data 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 return on equity of 1.50% and a net margin of 5.90%. On average, research analysts expect that BILL will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling at BILL

In other BILL news, Director Alison Wagonfeld sold 779 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total transaction of $70,110.00. Following the sale, the director now directly owns 259 shares of the company’s stock, valued at $23,310. The trade was a 75.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Abdiel Capital Advisors LP grew its stake in BILL by 48.2% during the 3rd quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after purchasing an additional 1,666,316 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of BILL by 5,201.3% during the 4th quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock worth $33,173,000 after purchasing an additional 384,217 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of BILL by 87.0% in the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock worth $36,447,000 after acquiring an additional 321,400 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of BILL by 297.7% during the third quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock worth $20,083,000 after buying an additional 284,935 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in BILL by 45.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock worth $47,264,000 after purchasing an additional 279,256 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors.

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.