BILL (NYSE:BILL) Price Target Raised to $86.00 at Citigroup

BILL (NYSE:BILLFree Report) had its price target increased by Citigroup from $85.00 to $86.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a buy rating on the stock.

BILL has been the subject of several other research reports. William Blair downgraded shares of BILL from an outperform rating to a market perform rating in a research report on Friday, November 3rd. JPMorgan Chase & Co. lowered their price target on shares of BILL from $93.00 to $90.00 and set an overweight rating on the stock in a research note on Friday. UBS Group reissued a buy rating and issued a $126.00 price objective on shares of BILL in a research note on Friday, October 20th. Canaccord Genuity Group lowered their price objective on shares of BILL from $175.00 to $100.00 and set a buy rating on the stock in a research note on Friday, November 3rd. Finally, The Goldman Sachs Group lowered their price objective on shares of BILL from $137.00 to $84.00 and set a buy rating on the stock in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $108.85.

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BILL Price Performance

Shares of BILL opened at $66.00 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 1.81. BILL has a 1-year low of $51.94 and a 1-year high of $139.50. The stock has a market cap of $7.05 billion, a PE ratio of -61.11 and a beta of 1.74. The firm has a 50-day simple moving average of $76.08 and a two-hundred day simple moving average of $89.54.

Insider Activity at BILL

In related news, insider Loren Padelford sold 6,011 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $67.41, for a total value of $405,201.51. Following the transaction, the insider now owns 10,573 shares in the company, valued at $712,725.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Rene A. Lacerte sold 12,137 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $67.41, for a total transaction of $818,155.17. Following the completion of the sale, the chief executive officer now owns 88,517 shares of the company’s stock, valued at $5,966,930.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Loren Padelford sold 6,011 shares of BILL stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $67.41, for a total transaction of $405,201.51. Following the completion of the transaction, the insider now directly owns 10,573 shares of the company’s stock, valued at approximately $712,725.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,613 shares of company stock worth $1,863,557. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On BILL

Hedge funds have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC grew its holdings in BILL by 64.8% during the second quarter. Lindbrook Capital LLC now owns 234 shares of the company’s stock worth $27,000 after acquiring an additional 92 shares during the period. Utah Retirement Systems lifted its holdings in shares of BILL by 0.6% during the 4th quarter. Utah Retirement Systems now owns 17,610 shares of the company’s stock valued at $1,919,000 after buying an additional 100 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of BILL by 14.1% during the 1st quarter. First Horizon Advisors Inc. now owns 948 shares of the company’s stock valued at $77,000 after buying an additional 117 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of BILL by 0.9% during the 3rd quarter. M&T Bank Corp now owns 14,453 shares of the company’s stock valued at $1,569,000 after buying an additional 128 shares during the last quarter. Finally, Toroso Investments LLC lifted its holdings in shares of BILL by 15.3% during the 1st quarter. Toroso Investments LLC now owns 1,049 shares of the company’s stock valued at $238,000 after buying an additional 139 shares during the last quarter.

About BILL

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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.

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Analyst Recommendations for BILL (NYSE:BILL)

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