BILL’s (BILL) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of BILL (NYSE:BILL) in a research report sent to investors on Friday, Benzinga reports. They currently have a $100.00 price target on the stock.

Other analysts also recently issued reports about the company. Citigroup boosted their price target on BILL from $85.00 to $86.00 and gave the company a buy rating in a research note on Monday, February 12th. 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 report on Monday, April 1st. Jefferies Financial Group lowered their price target on shares of BILL from $95.00 to $80.00 and set a buy rating on the stock in a research report on Monday, April 29th. BMO Capital Markets dropped their price objective on shares of BILL from $82.00 to $75.00 and set a market perform rating for the company in a research note on Friday. Finally, Robert W. Baird decreased their target price on shares of BILL from $78.00 to $74.00 and set a neutral rating on the stock in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $97.35.

BILL Trading Up 0.5 %

Shares of BILL stock opened at $56.87 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. The business has a fifty day simple moving average of $64.02 and a two-hundred day simple moving average of $70.12. BILL has a 1 year low of $51.94 and a 1 year high of $139.50. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of -71.99, a P/E/G ratio of 62.44 and a beta of 1.68.

BILL (NYSE:BILL) last announced its earnings results on Thursday, February 8th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.26. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. The business had revenue of $318.50 million during the quarter, compared to the consensus estimate of $296.62 million. Research analysts forecast that BILL will post 0.04 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Germaine Cota sold 920 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $65.34, for a total transaction of $60,112.80. Following the sale, the senior vice president now owns 5,093 shares of the company’s stock, valued at approximately $332,776.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On BILL

Several large investors have recently bought and sold shares of the company. Quest Partners LLC acquired a new position in shares of BILL in the fourth quarter valued at approximately $35,000. Benjamin F. Edwards & Company Inc. grew its holdings in BILL by 57.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock worth $56,000 after acquiring an additional 295 shares during the last quarter. Garner Asset Management Corp bought a new stake in BILL during the 4th quarter worth approximately $90,000. Sands Capital Management LLC acquired a new position in BILL in the 3rd quarter valued at approximately $136,000. Finally, Principal Securities Inc. bought a new position in shares of BILL during the fourth quarter valued at $138,000. 97.99% of the stock is currently owned by institutional investors.

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.