BILL (NYSE:BILL) Given New $75.00 Price Target at BMO Capital Markets

BILL (NYSE:BILL) had its price objective lowered by BMO Capital Markets from $82.00 to $75.00 in a research report report published on Friday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

BILL has been the topic of several other research reports. Needham & Company LLC restated a buy rating and issued a $100.00 target price on shares of BILL in a report on Friday, February 9th. BNP Paribas upgraded BILL from an underperform rating to a neutral rating and set a $72.00 price target on the stock in a research note on Wednesday, March 13th. Robert W. Baird reduced their price objective on BILL from $78.00 to $74.00 and set a neutral rating for the company in a research report on Monday, April 22nd. Wells Fargo & Company reissued an underweight rating and issued a $60.00 target price (down previously from $70.00) on shares of BILL in a report on Monday, April 1st. Finally, Piper Sandler cut their price target on BILL from $95.00 to $77.00 and set an overweight rating for the company in a research note on Friday, April 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $99.10.

BILL Trading Down 10.6 %

Shares of NYSE:BILL opened at $56.58 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. BILL has a 1 year low of $51.94 and a 1 year high of $139.50. The company has a market cap of $5.95 billion, a P/E ratio of -71.62, a PEG ratio of 76.15 and a beta of 1.68. The stock’s fifty day moving average price is $64.16 and its 200-day moving average price is $70.44.

BILL (NYSE:BILL) last posted its earnings results on Thursday, February 8th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.26. The business had revenue of $318.50 million for the quarter, compared to analysts’ expectations of $296.62 million. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. Sell-side analysts expect that BILL will post 0.04 earnings per share for the current year.

Insider Buying and Selling at BILL

In other news, SVP Germaine Cota sold 920 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $65.34, for a total value of $60,112.80. Following the completion of the transaction, the senior vice president now owns 5,093 shares of the company’s stock, valued at $332,776.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On BILL

Hedge funds have recently modified their holdings of the stock. Quest Partners LLC purchased a new position in BILL during the fourth quarter valued at $35,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of BILL by 57.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock valued at $56,000 after purchasing an additional 295 shares during the last quarter. Garner Asset Management Corp purchased a new position in shares of BILL during the fourth quarter valued at about $90,000. Sands Capital Management LLC purchased a new position in shares of BILL during the third quarter valued at about $136,000. Finally, Principal Securities Inc. bought a new stake in shares of BILL in the fourth quarter worth about $138,000. Hedge funds and other institutional investors 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.