BILL’s (BILL) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of BILL (NYSE:BILL) in a report released on Friday morning, Benzinga reports. Canaccord Genuity Group currently has a $100.00 target price on the stock.

A number of other research analysts have also recently commented on BILL. Wells Fargo & Company reiterated an underweight rating and set a $60.00 price target (down from $70.00) on shares of BILL in a research report on Monday, April 1st. Piper Sandler decreased their target price on shares of BILL from $95.00 to $77.00 and set an overweight rating on the stock in a research report on Friday, April 12th. Jefferies Financial Group cut their price target on shares of BILL from $95.00 to $80.00 and set a buy rating for the company in a research report on Monday, April 29th. BMO Capital Markets decreased their price objective on BILL from $82.00 to $75.00 and set a market perform rating on the stock in a report on Friday. Finally, Needham & Company LLC restated a buy rating and set a $100.00 target price on shares of BILL in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $97.35.

BILL Stock Up 0.5 %

Shares of NYSE:BILL opened at $56.87 on Friday. The firm has a market capitalization of $5.98 billion, a PE ratio of -71.99, a price-to-earnings-growth ratio of 62.44 and a beta of 1.68. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. BILL has a 52-week low of $51.94 and a 52-week high of $139.50. The firm has a fifty day moving average of $64.02 and a 200 day moving average of $70.12.

BILL (NYSE:BILL) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.26. The firm had revenue of $318.50 million during the quarter, compared to analyst estimates of $296.62 million. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. As a group, research analysts anticipate that BILL will post 0.04 EPS for the current fiscal year.

Insider Transactions at BILL

In related news, SVP Germaine Cota sold 920 shares of BILL stock in a transaction that occurred 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 directly owns 5,093 shares in the company, valued at $332,776.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BILL. Assenagon Asset Management S.A. purchased a new position in BILL during the fourth quarter valued at $5,038,000. Carnegie Capital Asset Management LLC boosted its stake in BILL by 105.7% in the 4th quarter. Carnegie Capital Asset Management LLC now owns 79,770 shares of the company’s stock worth $6,508,000 after purchasing an additional 40,997 shares in the last quarter. Handelsinvest Investeringsforvaltning bought a new position in BILL in the 4th quarter worth about $312,000. Blair William & Co. IL grew its position in BILL by 18.1% during the 3rd quarter. Blair William & Co. IL now owns 54,710 shares of the company’s stock valued at $5,940,000 after purchasing an additional 8,372 shares during the last quarter. Finally, Rheos Capital Works Inc. increased its stake in BILL by 15.6% during the 4th quarter. Rheos Capital Works Inc. now owns 229,500 shares of the company’s stock valued at $18,725,000 after purchasing an additional 31,000 shares in the last quarter. 97.99% of the stock is owned by hedge funds and other 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.