BILL (NYSE:BILL) Given New $90.00 Price Target at Oppenheimer

BILL (NYSE:BILL) had its price objective cut by Oppenheimer from $110.00 to $90.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts also recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of BILL in a report on Friday. The Goldman Sachs Group raised shares of BILL from a “neutral” rating to a “buy” rating and increased their price objective for the company from $96.00 to $104.00 in a research report on Thursday, January 9th. Mizuho upped their target price on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Susquehanna lifted their price target on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $105.00 price objective on shares of BILL in a research report on Friday. One investment 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.95.

BILL Trading Down 35.2 %

Shares of BILL stock opened at $62.40 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23. BILL has a fifty-two week low of $43.11 and a fifty-two week high of $100.19. The firm’s 50 day moving average price is $89.50 and its two-hundred day moving average price is $69.34. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of -189.08, a price-to-earnings-growth ratio of 164.86 and a beta of 1.76.

BILL (NYSE:BILL) last posted its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 0.59% and a return on equity of 1.54%. On average, analysts anticipate that BILL will post 0.04 EPS for the current year.

Insider Buying and Selling at BILL

In other BILL news, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the completion of the transaction, the director now directly owns 259 shares in the company, valued at $23,310. The trade was a 75.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.20% of the stock is owned by insiders.

Institutional Trading of BILL

Several hedge funds have recently made changes to their positions in the stock. Aigen Investment Management LP increased its position in BILL by 612.3% in the third quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock worth $2,931,000 after buying an additional 47,761 shares during the period. WoodTrust Financial Corp acquired a new stake in shares of BILL in the 3rd quarter worth about $422,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of BILL in the 3rd quarter worth about $820,000. WCM Investment Management LLC lifted its position in BILL by 26.4% in the 3rd quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock valued at $15,647,000 after purchasing an additional 61,471 shares during the last quarter. Finally, Telemark Asset Management LLC acquired a new position in BILL during the 3rd quarter valued at about $7,914,000. 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.