BILL (NYSE:BILL) Price Target Cut to $85.00 by Analysts at KeyCorp

BILL (NYSE:BILL) had its target price reduced by KeyCorp from $115.00 to $85.00 in a report released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts have also recently weighed in on BILL. Susquehanna boosted their price objective on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. Robert W. Baird boosted their target price on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Mizuho raised their price target on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of BILL in a report on Friday. Finally, Morgan Stanley raised shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.95.

BILL Price Performance

Shares of BILL stock opened at $62.40 on Friday. BILL has a 52 week low of $43.11 and a 52 week high of $100.19. The stock has a market capitalization of $6.46 billion, a PE ratio of -189.08, a PEG ratio of 164.86 and a beta of 1.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. The stock’s fifty day moving average is $89.50 and its 200-day moving average is $69.34.

BILL (NYSE:BILL) last posted its quarterly earnings data 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 0.59% and a return on equity of 1.54%. Equities research analysts expect that BILL will post 0.04 EPS for the current fiscal year.

Insider Transactions at BILL

In other news, Director Alison Wagonfeld sold 779 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total transaction of $70,110.00. Following the completion of the sale, the director now owns 259 shares of the company’s stock, valued at $23,310. This represents a 75.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BILL

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BILL. GAMMA Investing LLC raised its stake in shares of BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after purchasing an additional 131 shares during the period. Crewe Advisors LLC raised its position in BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after buying an additional 173 shares during the last quarter. Fifth Third Bancorp bought a new stake in BILL in the 4th quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new position in BILL during the 3rd quarter worth approximately $28,000. Finally, Global Retirement Partners LLC grew its stake in shares of BILL by 12,566.7% during the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock worth $32,000 after acquiring an additional 377 shares in the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

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.