BILL (NYSE:BILL) Earns Buy Rating from Needham & Company LLC

BILL (NYSE:BILL)‘s stock had its “buy” rating reissued by analysts at Needham & Company LLC in a note issued to investors on Friday,Benzinga reports. They currently have a $100.00 price target on the stock. Needham & Company LLC’s price target suggests a potential upside of 3.71% from the stock’s current price.

BILL has been the subject of several other reports. The Goldman Sachs Group raised shares of BILL from a “neutral” rating to a “buy” rating and lifted their price target for the company from $96.00 to $104.00 in a report on Thursday, January 9th. Oppenheimer lifted their target price on shares of BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Mizuho boosted their target price on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Morgan Stanley raised BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target for the company in a report on Thursday, January 16th. Finally, Susquehanna boosted their price objective on BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

BILL Trading Down 0.6 %

Shares of BILL stock opened at $96.43 on Friday. The firm has a fifty day moving average of $89.50 and a 200-day moving average of $69.34. The stock has a market cap of $9.98 billion, a price-to-earnings ratio of -292.20, a P/E/G ratio of 164.86 and a beta of 1.76. BILL has a 52-week low of $43.11 and a 52-week high of $100.19. 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 (NYSE:BILL) last announced its quarterly 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 net margin of 0.59% and a return on equity of 1.54%. On average, equities research analysts forecast that BILL will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling at BILL

In other news, Director Alison Wagonfeld sold 779 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total transaction of $70,110.00. Following the completion of the transaction, the director now directly owns 259 shares in the company, valued at approximately $23,310. The trade was a 75.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BILL. Abdiel Capital Advisors LP increased its stake in BILL by 48.2% in the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after purchasing an additional 1,666,316 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of BILL by 45.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after buying an additional 279,256 shares in the last quarter. Bank of New York Mellon Corp raised its stake in BILL by 51.5% during the 4th quarter. Bank of New York Mellon Corp now owns 807,614 shares of the company’s stock worth $68,413,000 after buying an additional 274,701 shares during the period. Two Sigma Advisers LP lifted its holdings in BILL by 87.0% during the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock worth $36,447,000 after acquiring an additional 321,400 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in BILL by 5,201.3% during the fourth quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock worth $33,173,000 after acquiring an additional 384,217 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.