BILL (NYSE:BILL) Price Target Cut to $75.00 by Analysts at Canaccord Genuity Group

BILL (NYSE:BILL) had its target price reduced by Canaccord Genuity Group from $105.00 to $75.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts also recently issued reports on BILL. Piper Sandler reduced their price target on shares of BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. BTIG Research initiated coverage on shares of BILL in a report on Wednesday, April 30th. They set a “buy” rating and a $60.00 price target for the company. Wells Fargo & Company reduced their price target on shares of BILL from $43.00 to $40.00 and set an “underweight” rating for the company in a report on Friday, May 9th. Seaport Res Ptn downgraded shares of BILL from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 17th. Finally, Oppenheimer boosted their price target on shares of BILL from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.67.

BILL Stock Performance

BILL stock opened at $47.75 on Tuesday. The company has a market cap of $4.87 billion, a PE ratio of -4,775.00, a P/E/G ratio of 29.46 and a beta of 1.44. The company has a fifty day moving average price of $44.65 and a two-hundred day moving average price of $67.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. BILL has a 12 month low of $36.55 and a 12 month high of $100.19.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. BILL had a net margin of 5.90% and a return on equity of 1.53%. The firm had revenue of $358.22 million during the quarter, compared to the consensus estimate of $355.85 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. Research analysts expect that BILL will post 0.12 earnings per share for the current year.

Institutional Investors Weigh In On BILL

Several hedge funds and other institutional investors have recently bought and sold shares of BILL. GAMMA Investing LLC raised its position in BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after acquiring an additional 131 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in BILL during the 4th quarter worth about $239,000. Gateway Investment Advisers LLC acquired a new stake in BILL during the 4th quarter worth about $1,832,000. Kera Capital Partners Inc. acquired a new stake in BILL during the 4th quarter worth about $259,000. Finally, Aaron Wealth Advisors LLC raised its holdings in BILL by 10.9% during the 4th quarter. Aaron Wealth Advisors LLC now owns 4,618 shares of the company’s stock worth $391,000 after buying an additional 455 shares during the period. 97.99% of the stock is currently owned by institutional investors.

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.