Needham & Company LLC Reaffirms Buy Rating for BILL (NYSE:BILL)

Needham & Company LLC reiterated their buy rating on shares of BILL (NYSE:BILL) in a research report sent to investors on Friday morning, Benzinga reports. Needham & Company LLC currently has a $100.00 price target on the stock.

A number of other equities research analysts have also weighed in on BILL. BNP Paribas raised BILL from an underperform rating to a neutral rating and set a $72.00 price objective on the stock in a report on Wednesday, March 13th. Canaccord Genuity Group reaffirmed a buy rating and set a $100.00 price objective on shares of BILL in a report on Friday. Wells Fargo & Company restated an underweight rating and set a $60.00 target price (down from $70.00) on shares of BILL in a research report on Monday, April 1st. JPMorgan Chase & Co. cut their price target on shares of BILL from $93.00 to $90.00 and set an overweight rating for the company in a report on Friday, February 9th. Finally, Oppenheimer boosted their price objective on shares of BILL from $75.00 to $83.00 and gave the stock an overweight rating in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, BILL presently has an average rating of Moderate Buy and an average price target of $99.10.

BILL Price Performance

BILL stock opened at $56.58 on Friday. The business has a 50 day simple moving average of $64.16 and a 200-day simple moving average of $70.44. BILL has a 12 month low of $51.94 and a 12 month high of $139.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market capitalization of $5.95 billion, a PE ratio of -71.62, a price-to-earnings-growth ratio of 76.15 and a beta of 1.68.

BILL (NYSE:BILL) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.26. The company had revenue of $318.50 million during the quarter, compared to the consensus estimate of $296.62 million. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. Equities analysts predict that BILL will post 0.04 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Germaine Cota sold 920 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were 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 document filed with the SEC, which is accessible through this link. 3.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BILL

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. M&T Bank Corp grew its holdings in BILL by 0.9% in 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 period. Signaturefd LLC increased its position in BILL by 13.7% during the third quarter. Signaturefd LLC now owns 1,302 shares of the company’s stock worth $141,000 after purchasing an additional 157 shares during the last quarter. Fifth Third Bancorp increased its position in BILL by 3.8% during the first quarter. Fifth Third Bancorp now owns 4,562 shares of the company’s stock worth $314,000 after purchasing an additional 168 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in BILL by 5.2% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,440 shares of the company’s stock worth $281,000 after purchasing an additional 170 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in shares of BILL by 2.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 7,409 shares of the company’s stock valued at $804,000 after purchasing an additional 171 shares during the last quarter. 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.