BILL (NYSE:BILL) Price Target Raised to $96.00

BILL (NYSE:BILL) had its price objective lifted by stock analysts at The Goldman Sachs Group from $77.00 to $96.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 7.80% from the company’s current price.

BILL has been the topic of a number of other reports. Piper Sandler increased their target price on BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. cut their target price on BILL from $80.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 20th. Oppenheimer increased their price objective on BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Susquehanna reaffirmed a “positive” rating and set a $100.00 price objective on shares of BILL in a research report on Monday, August 19th. Finally, BMO Capital Markets dropped their price objective on BILL from $75.00 to $57.00 and set a “market perform” rating on the stock in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $76.83.

BILL Stock Down 1.3 %

Shares of NYSE BILL traded down $1.17 during trading on Monday, reaching $89.05. The company had a trading volume of 490,147 shares, compared to its average volume of 1,909,490. BILL has a 12-month low of $43.11 and a 12-month high of $94.28. The stock has a market cap of $9.22 billion, a PE ratio of -269.85 and a beta of 1.59. The business’s 50-day moving average is $66.13 and its 200 day moving average is $56.61. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23.

Insider Transactions at BILL

In other news, SVP Germaine Cota sold 1,525 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following the transaction, the senior vice president now owns 5,348 shares of the company’s stock, valued at $417,090.52. This trade represents a 22.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alison Wagonfeld sold 519 shares of BILL stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $57.50, for a total value of $29,842.50. Following the sale, the director now directly owns 1,038 shares in the company, valued at $59,685. This trade represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,823 shares of company stock valued at $218,887 over the last quarter. 4.20% of the stock is currently owned by company insiders.

Institutional Trading of BILL

Several institutional investors and hedge funds have recently added to or reduced their stakes in BILL. DekaBank Deutsche Girozentrale raised its stake in BILL by 4.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company’s stock valued at $449,000 after purchasing an additional 257 shares during the period. SG Americas Securities LLC grew its holdings in BILL by 826.5% during the 2nd quarter. SG Americas Securities LLC now owns 41,043 shares of the company’s stock valued at $2,160,000 after buying an additional 36,613 shares in the last quarter. Archford Capital Strategies LLC boosted its holdings in shares of BILL by 24.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 15,515 shares of the company’s stock worth $816,000 after purchasing an additional 3,000 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of BILL by 23.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 95,705 shares of the company’s stock worth $5,036,000 after purchasing an additional 18,121 shares during the period. Finally, Lecap Asset Management Ltd. purchased a new position in shares of BILL in the 2nd quarter worth approximately $2,626,000. Institutional investors own 97.99% of the company’s stock.

About BILL

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.