The Goldman Sachs Group Cuts BILL (NYSE:BILL) Price Target to $90.00

BILL (NYSE:BILL) had its target price decreased by The Goldman Sachs Group from $104.00 to $90.00 in a research note issued to investors on Friday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other equities analysts have also weighed in on BILL. Robert W. Baird raised their price objective on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company reduced their price objective on shares of BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research report on Friday. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of BILL in a research report on Friday. Keefe, Bruyette & Woods decreased their target price on shares of BILL from $95.00 to $77.00 and set a “market perform” rating for the company in a report on Friday. Finally, Piper Sandler reiterated an “overweight” rating and issued a $85.00 target price on shares of BILL in a report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $81.95.

BILL Stock Down 35.2 %

BILL stock opened at $62.40 on Friday. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of -6,239.50, a PEG 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. The company’s 50-day moving average price is $88.94 and its two-hundred day moving average price is $69.51. BILL has a 52 week low of $43.11 and a 52 week high of $100.19.

BILL (NYSE:BILL) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share 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 1.50%. On average, analysts expect that BILL will post 0.04 EPS for the current fiscal year.

Insider Buying and Selling at BILL

In other BILL news, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total value of $70,110.00. Following the completion of the sale, the director now directly owns 259 shares in the company, valued at $23,310. The trade was a 75.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On BILL

Several large investors have recently bought and sold shares of BILL. Handelsbanken Fonder AB raised its stake in BILL by 27.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 27,156 shares of the company’s stock valued at $1,433,000 after purchasing an additional 5,900 shares during the last quarter. Private Advisory Group LLC acquired a new position in BILL during the 3rd quarter valued at $3,344,000. Washington Capital Management Inc. acquired a new position in BILL during the 3rd quarter valued at $274,000. Aaron Wealth Advisors LLC acquired a new position in BILL during the 3rd quarter valued at $220,000. Finally, Blue Trust Inc. raised its stake in BILL by 1,167.5% during the 3rd quarter. Blue Trust Inc. now owns 1,914 shares of the company’s stock valued at $101,000 after purchasing an additional 1,763 shares during the last quarter. 97.99% of the stock is currently 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.