BILL (NYSE:BILL) PT Lowered to $60.00

BILL (NYSE:BILL) had its price target dropped by equities research analysts at Mizuho from $65.00 to $60.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price objective points to a potential upside of 3.97% from the company’s previous close.

Several other research analysts have also weighed in on BILL. Jefferies Financial Group cut their target price on BILL from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $100.00 price target on shares of BILL in a research report on Friday, May 3rd. Wells Fargo & Company reissued an “underweight” rating and issued a $60.00 target price (down previously from $70.00) on shares of BILL in a research note on Monday, April 1st. JPMorgan Chase & Co. decreased their price target on shares of BILL from $93.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Finally, BMO Capital Markets reduced their price target on BILL from $82.00 to $75.00 and set a “market perform” rating on the stock in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $97.35.

BILL Stock Performance

Shares of BILL opened at $57.71 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a 50-day simple moving average of $63.88 and a 200-day simple moving average of $69.81. The stock has a market capitalization of $6.07 billion, a PE ratio of -73.05, a PEG ratio of 62.44 and a beta of 1.68. BILL has a 1 year low of $51.94 and a 1 year high of $139.50.

BILL (NYSE:BILL) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.26. The company had revenue of $318.50 million for the quarter, compared to the consensus estimate of $296.62 million. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. On average, analysts predict that BILL will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Germaine Cota sold 920 shares of BILL stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $65.34, for a total value of $60,112.80. Following the sale, the senior vice president now directly owns 5,093 shares of the company’s stock, valued at $332,776.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is owned by insiders.

Institutional Investors Weigh In On BILL

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BILL. Coatue Management LLC acquired a new stake in BILL in the fourth quarter valued at approximately $163,218,000. Norges Bank acquired a new stake in shares of BILL in the 4th quarter worth $95,702,000. Lone Pine Capital LLC boosted its position in shares of BILL by 39.7% in the 3rd quarter. Lone Pine Capital LLC now owns 2,546,689 shares of the company’s stock worth $276,494,000 after purchasing an additional 723,151 shares in the last quarter. Contour Asset Management LLC purchased a new position in BILL during the 4th quarter worth $49,509,000. Finally, Gotham Asset Management LLC increased its position in BILL by 14,421.8% during the 4th quarter. Gotham Asset Management LLC now owns 508,408 shares of the company’s stock valued at $41,481,000 after buying an additional 504,907 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.