BILL (NYSE:BILL) Price Target Raised to $85.00 at Piper Sandler

BILL (NYSE:BILL) had its target price upped by Piper Sandler from $60.00 to $85.00 in a report issued on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also issued reports about the stock. Wolfe Research lowered shares of BILL from an “outperform” rating to a “peer perform” rating in a report on Thursday, August 1st. UBS Group lowered their price target on BILL from $85.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, August 15th. The Goldman Sachs Group upped their target price on BILL from $54.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Susquehanna restated a “positive” rating and set a $100.00 price objective on shares of BILL in a research note on Monday, August 19th. Finally, Wells Fargo & Company decreased their price target on BILL from $60.00 to $45.00 and set an “underweight” rating for the company in a report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, BILL currently has a consensus rating of “Hold” and an average price target of $73.65.

BILL Trading Up 11.0 %

BILL opened at $85.84 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average is $55.45 and its two-hundred day moving average is $53.52. The company has a market capitalization of $8.88 billion, a P/E ratio of -260.12 and a beta of 1.59. BILL has a 52 week low of $43.11 and a 52 week high of $87.05.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.11. BILL had a return on equity of 1.53% and a net margin of 0.59%. The firm had revenue of $343.67 million during the quarter, compared to the consensus estimate of $328.27 million. During the same period in the previous year, the company posted $0.10 earnings per share. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. Analysts forecast that BILL will post -0.57 earnings per share for the current year.

Insider Buying and Selling at BILL

In related news, Director Alison Wagonfeld sold 519 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $57.50, for a total value of $29,842.50. Following the sale, the director now owns 1,038 shares of the company’s stock, valued at approximately $59,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other BILL news, CEO Rene A. Lacerte bought 42,248 shares of BILL stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the completion of the transaction, the chief executive officer now owns 184,249 shares of the company’s stock, valued at $9,138,750.40. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alison Wagonfeld sold 519 shares of BILL stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $57.50, for a total value of $29,842.50. Following the completion of the sale, the director now owns 1,038 shares of the company’s stock, valued at $59,685. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders acquired 68,372 shares of company stock worth $3,404,826 and sold 3,808 shares worth $209,866. 3.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BILL

Hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. increased its position in BILL by 75.0% during the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock worth $45,000 after purchasing an additional 282 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of BILL during the 2nd quarter valued at $46,000. Venturi Wealth Management LLC increased its holdings in shares of BILL by 377.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock worth $68,000 after buying an additional 1,020 shares during the last quarter. UniSuper Management Pty Ltd raised its position in shares of BILL by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock worth $96,000 after buying an additional 700 shares during the period. Finally, Covestor Ltd boosted its holdings in BILL by 15.1% in the third quarter. Covestor Ltd now owns 1,897 shares of the company’s stock valued at $100,000 after acquiring an additional 249 shares during the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

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.