BILL (NYSE:BILL) Given New $43.00 Price Target at Wells Fargo & Company

BILL (NYSE:BILL) had its price target decreased by Wells Fargo & Company from $57.00 to $43.00 in a research note published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the stock.

Several other research firms have also commented on BILL. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of BILL in a report on Monday, March 17th. Keefe, Bruyette & Woods decreased their target price on shares of BILL from $77.00 to $54.00 and set a “market perform” rating on the stock in a report on Monday, March 31st. Morgan Stanley restated an “overweight” rating on shares of BILL in a report on Wednesday, April 16th. KeyCorp decreased their price objective on BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Finally, Mizuho cut their target price on BILL from $70.00 to $53.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BILL presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.94.

BILL Price Performance

Shares of NYSE BILL opened at $40.81 on Tuesday. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of -4,081.00, a price-to-earnings-growth ratio of 29.46 and a beta of 1.88. BILL has a 52 week low of $36.55 and a 52 week high of $100.19. The firm has a 50-day simple moving average of $47.26 and a 200-day simple moving average of $68.32. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44.

BILL (NYSE:BILL) last released its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. On average, equities analysts predict that BILL will post 0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BILL

Several institutional investors have recently modified their holdings of BILL. GAMMA Investing LLC boosted its position in shares of BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after acquiring an additional 131 shares in the last quarter. Crewe Advisors LLC increased its stake in BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after purchasing an additional 173 shares during the last quarter. Fifth Third Bancorp acquired a new stake in BILL during the fourth quarter worth approximately $27,000. CoreCap Advisors LLC acquired a new position in shares of BILL in the 4th quarter valued at $30,000. Finally, Coppell Advisory Solutions LLC grew its position in shares of BILL by 202.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock valued at $32,000 after buying an additional 247 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

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.