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

BILL (NYSE:BILL) had its price objective reduced by KeyCorp from $115.00 to $85.00 in a report issued on Friday,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

A number of other brokerages have also recently issued reports on BILL. Mizuho boosted their price objective on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Robert W. Baird boosted their price objective on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Wells Fargo & Company reduced their price objective on BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a report on Friday. Oppenheimer boosted their price objective on BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, The Goldman Sachs Group upgraded shares of BILL from a “neutral” rating to a “buy” rating and lifted their price target for the company from $96.00 to $104.00 in a research report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.95.

BILL Trading Down 35.2 %

BILL stock opened at $62.40 on Friday. BILL has a 52 week low of $43.11 and a 52 week high of $100.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market capitalization of $6.46 billion, a P/E ratio of -6,239.50, a PEG ratio of 157.98 and a beta of 1.76. The stock has a 50-day simple moving average of $88.94 and a 200 day simple moving average of $69.51.

BILL (NYSE:BILL) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a return on equity of 1.50% and a net margin of 5.90%. Analysts expect that BILL will post 0.04 earnings per share for the current year.

Insider Buying and Selling at BILL

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BILL. GAMMA Investing LLC increased its holdings in shares of BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after buying an additional 131 shares in the last quarter. Crewe Advisors LLC increased its holdings in shares of BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after buying an additional 173 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of BILL during the fourth quarter worth $27,000. Brooklyn Investment Group acquired a new position in shares of BILL during the third quarter worth $28,000. Finally, Global Retirement Partners LLC increased its holdings in shares of BILL by 12,566.7% during the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock worth $32,000 after buying an additional 377 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

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.