BILL (NYSE:BILL) Stock Price Expected to Rise, Mizuho Analyst Says

BILL (NYSE:BILL) had its price objective lifted by Mizuho from $64.00 to $75.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price objective points to a potential downside of 14.62% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity Group reissued a “buy” rating and set a $100.00 target price on shares of BILL in a research note on Friday, August 23rd. Wells Fargo & Company dropped their price objective on BILL from $60.00 to $45.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 20th. Susquehanna reaffirmed a “positive” rating and set a $100.00 target price on shares of BILL in a research note on Monday, August 19th. Oppenheimer lifted their target price on BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. cut their price target on BILL from $80.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $82.06.

BILL Stock Performance

NYSE:BILL opened at $87.84 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. BILL has a fifty-two week low of $43.11 and a fifty-two week high of $97.86. The company has a 50 day simple moving average of $73.85 and a two-hundred day simple moving average of $59.11. The company has a market capitalization of $9.09 billion, a PE ratio of -266.18 and a beta of 1.72.

Insiders Place Their Bets

In other news, SVP Germaine Cota sold 1,525 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the sale, the senior vice president now owns 5,348 shares in the company, valued at $417,090.52. This represents a 22.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alison Wagonfeld sold 519 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $57.50, for a total transaction of $29,842.50. Following the transaction, the director now owns 1,038 shares in the company, valued at approximately $59,685. This trade represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,823 shares of company stock valued at $218,887. Corporate insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On BILL

Hedge funds have recently modified their holdings of the company. Aigen Investment Management LP increased its position in shares of BILL by 612.3% during the third quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock valued at $2,931,000 after acquiring an additional 47,761 shares during the last quarter. WoodTrust Financial Corp bought a new position in BILL in the 3rd quarter valued at $422,000. WCM Investment Management LLC increased its position in shares of BILL by 26.4% during the 3rd quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock valued at $15,647,000 after purchasing an additional 61,471 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of BILL during the 3rd quarter worth $820,000. Finally, Algert Global LLC boosted its holdings in shares of BILL by 602.3% in the 2nd quarter. Algert Global LLC now owns 61,518 shares of the company’s stock worth $3,237,000 after buying an additional 52,758 shares during the last quarter. 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.