Wells Fargo & Company Issues Positive Forecast for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL) had its price objective boosted by research analysts at Wells Fargo & Company from $55.00 to $65.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential downside of 26.95% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a report on Thursday. Piper Sandler raised their price target on BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. The Goldman Sachs Group upgraded shares of BILL from a “neutral” rating to a “buy” rating and raised their price target for the company from $96.00 to $104.00 in a report on Thursday, January 9th. Susquehanna upped their price objective on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Finally, Oppenheimer raised their target price on BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One 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. Based on data from MarketBeat.com, BILL currently has an average rating of “Moderate Buy” and an average price target of $85.00.

BILL Price Performance

Shares of NYSE:BILL opened at $88.98 on Thursday. 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 company has a market capitalization of $9.21 billion, a PE ratio of -269.63, a price-to-earnings-growth ratio of 83.30 and a beta of 1.72. The stock has a fifty day moving average of $87.68 and a 200-day moving average of $65.05. BILL has a one year low of $43.11 and a one year high of $97.86.

Insiders Place Their Bets

In other news, Director Alison Wagonfeld sold 519 shares of BILL stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $57.50, for a total transaction 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 trade represents a 33.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Germaine Cota sold 1,525 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the transaction, the senior vice president now directly owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. This trade represents a 22.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,823 shares of company stock worth $218,887 in the last ninety days. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On BILL

Several institutional investors and hedge funds have recently bought and sold shares of BILL. GAMMA Investing LLC increased its stake in BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after acquiring an additional 131 shares during the period. UMB Bank n.a. acquired a new position in shares of BILL in the 4th quarter worth approximately $35,000. Brooklyn Investment Group bought a new position in shares of BILL during the third quarter valued at $28,000. Advisors Asset Management Inc. boosted its position in BILL by 30.8% in the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after buying an additional 259 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in shares of BILL by 377.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock worth $68,000 after acquiring an additional 1,020 shares in 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.