BILL (NYSE:BILL) Sets New 52-Week Low After Analyst Downgrade

BILL Holdings, Inc. (NYSE:BILL)’s stock price hit a new 52-week low during trading on Thursday after The Goldman Sachs Group lowered their price target on the stock from $90.00 to $60.00. The Goldman Sachs Group currently has a buy rating on the stock. BILL traded as low as $40.86 and last traded at $41.09, with a volume of 1428952 shares changing hands. The stock had previously closed at $46.73.

Several other analysts have also recently weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $85.00 price objective on shares of BILL in a research note on Friday, February 7th. Robert W. Baird increased their price target on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Oppenheimer cut their price objective on BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Canaccord Genuity Group restated a “buy” rating and set a $105.00 target price on shares of BILL in a report on Friday, February 7th. Finally, KeyCorp cut their price target on BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.94.

Institutional Trading of BILL

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

BILL Stock Performance

The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of -4,135.00, a PEG ratio of 29.46 and a beta of 2.00. The stock’s fifty day moving average is $61.38 and its 200-day moving average is $69.74.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. On average, analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current year.

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.