Susquehanna Forecasts Strong Price Appreciation for BILL (NYSE:BILL) Stock

BILL (NYSE:BILL) had its price objective lifted by research analysts at Susquehanna from $91.00 to $100.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price target points to a potential upside of 21.23% from the stock’s previous close.

Several other equities analysts have also issued reports on the stock. KeyCorp raised shares of BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price objective on the stock in a report on Wednesday, December 18th. Mizuho boosted their price target on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Piper Sandler raised their price objective on BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. BNP Paribas raised shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price target for the company in a research report on Thursday, September 12th. Finally, Robert W. Baird raised their price target on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $83.53.

BILL Stock Down 1.5 %

Shares of BILL stock opened at $82.49 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of -249.97 and a beta of 1.72. The firm’s 50-day moving average is $84.90 and its two-hundred day moving average is $63.72. BILL has a 1 year low of $43.11 and a 1 year high of $97.86.

Insider Transactions at BILL

In other news, Director Alison Wagonfeld sold 519 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $57.50, for a total transaction of $29,842.50. Following the sale, the director now directly owns 1,038 shares of the company’s stock, valued at $59,685. This represents a 33.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Germaine Cota sold 1,525 shares of BILL stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the transaction, the senior vice president now owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. This represents a 22.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,823 shares of company stock worth $218,887 over the last quarter. 4.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BILL. GAMMA Investing LLC boosted its stake in shares of BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after acquiring an additional 131 shares during the last quarter. Brooklyn Investment Group acquired a new position in BILL during the third quarter worth $28,000. Advisors Asset Management Inc. grew its holdings in BILL by 30.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after buying an additional 259 shares in the last quarter. Venturi Wealth Management LLC raised its stake in BILL by 377.8% during the third quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock worth $68,000 after purchasing an additional 1,020 shares during the period. Finally, Covestor Ltd boosted its holdings in BILL by 15.1% in the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company’s stock valued at $100,000 after purchasing an additional 249 shares during the last quarter. 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.