KeyCorp Issues Pessimistic Forecast for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL) had its price objective lowered by equities researchers at KeyCorp from $70.00 to $60.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target would suggest a potential upside of 31.73% from the stock’s current price.

Other analysts have also issued research reports about the stock. Robert W. Baird dropped their target price on shares of BILL from $82.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, April 4th. The Goldman Sachs Group cut their price objective on BILL from $90.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Susquehanna raised their target price on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods reduced their price objective on BILL from $77.00 to $54.00 and set a “market perform” rating for the company in a research note on Monday, March 31st. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $105.00 target price on shares of BILL in a research note on Friday, February 7th. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.28.

BILL Trading Down 0.1 %

Shares of BILL stock opened at $45.55 on Wednesday. BILL has a fifty-two week low of $36.55 and a fifty-two week high of $100.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $4.64 billion, a P/E ratio of -4,554.60, a price-to-earnings-growth ratio of 29.46 and a beta of 1.88. The firm has a 50-day simple moving average of $45.58 and a two-hundred day simple moving average of $67.75.

BILL (NYSE:BILL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. As a group, equities analysts predict that BILL will post 0.12 earnings per share for the current fiscal year.

Institutional Trading of BILL

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. New York State Common Retirement Fund grew its position in BILL by 56.1% in the 1st quarter. New York State Common Retirement Fund now owns 213,325 shares of the company’s stock valued at $9,789,000 after acquiring an additional 76,704 shares in the last quarter. Xponance Inc. grew its holdings in shares of BILL by 1.6% in the first quarter. Xponance Inc. now owns 13,902 shares of the company’s stock valued at $638,000 after purchasing an additional 222 shares in the last quarter. Iridian Asset Management LLC CT increased its stake in BILL by 104.5% during the 1st quarter. Iridian Asset Management LLC CT now owns 109,849 shares of the company’s stock worth $5,041,000 after buying an additional 56,144 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of BILL by 24.4% in the first quarter. Envestnet Asset Management Inc. now owns 98,875 shares of the company’s stock worth $4,537,000 after acquiring an additional 19,378 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of BILL by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 850,800 shares of the company’s stock valued at $39,043,000 after acquiring an additional 43,186 shares in the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

About BILL

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.