BILL (NYSE:BILL) Given Overweight Rating at Piper Sandler

Piper Sandler reaffirmed their overweight rating on shares of BILL (NYSE:BILL) in a report issued on Friday,Benzinga reports. The firm currently has a $85.00 price objective on the stock.

Other equities research analysts also recently issued research reports about the company. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of BILL in a report on Friday. KeyCorp upgraded BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price objective for the company in a research note on Wednesday, December 18th. Oppenheimer upped their price objective on BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Mizuho upped their price objective on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Robert W. Baird upped their price objective on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.95.

BILL Trading Down 35.2 %

Shares of BILL stock opened at $62.40 on Friday. The stock has a fifty day simple moving average of $88.94 and a 200 day simple moving average of $69.51. BILL has a 12-month low of $43.11 and a 12-month high of $100.19. The company has a market capitalization of $6.46 billion, a P/E ratio of -6,239.50, a price-to-earnings-growth ratio of 157.98 and a beta of 1.76. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a return on equity of 1.50% and a net margin of 5.90%. On average, sell-side analysts anticipate that BILL will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Alison Wagonfeld sold 779 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total transaction of $70,110.00. Following the sale, the director now owns 259 shares of the company’s stock, valued at approximately $23,310. This represents a 75.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.20% of the stock is currently owned by insiders.

Institutional Trading of BILL

Several institutional investors and hedge funds have recently modified their holdings of the business. Abdiel Capital Advisors LP increased its position in shares of BILL by 48.2% during the 3rd quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after purchasing an additional 1,666,316 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of BILL by 5,201.3% during the 4th quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock valued at $33,173,000 after purchasing an additional 384,217 shares during the last quarter. Two Sigma Advisers LP increased its position in shares of BILL by 87.0% during the 3rd quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after purchasing an additional 321,400 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of BILL by 297.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock valued at $20,083,000 after purchasing an additional 284,935 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of BILL by 45.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after purchasing an additional 279,256 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.