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

Canaccord Genuity Group restated their buy rating on shares of BILL (NYSE:BILL) in a research note issued to investors on Friday morning,Benzinga reports. Canaccord Genuity Group currently has a $105.00 price objective on the stock.

Several other brokerages have also commented on BILL. Keefe, Bruyette & Woods cut their price objective on BILL from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Monday, January 6th. Mizuho upped their price target on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Morgan Stanley upgraded BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target for the company in a research report on Thursday, January 16th. KeyCorp upgraded BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price target for the company in a research report on Wednesday, December 18th. Finally, Susquehanna upped their price target on BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.95.

BILL Stock Down 35.2 %

BILL stock opened at $62.40 on Friday. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of -6,239.50, a PEG ratio of 157.98 and a beta of 1.76. The stock has a fifty day simple moving average of $88.94 and a two-hundred day simple moving average of $69.51. BILL has a 12 month low of $43.11 and a 12 month high of $100.19. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23.

BILL (NYSE:BILL) last posted its earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a return on equity of 1.50% and a net margin of 5.90%. Equities analysts predict that BILL will post 0.04 EPS for the current fiscal year.

Insider Activity at BILL

In other news, Director Alison Wagonfeld sold 779 shares of the firm’s 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 sale, the director now directly owns 259 shares of the company’s stock, valued at $23,310. This trade represents a 75.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BILL

Several hedge funds and other institutional investors have recently modified their holdings of BILL. GAMMA Investing LLC raised its holdings in shares of BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after buying an additional 131 shares during the period. Crewe Advisors LLC raised its holdings in shares of BILL by 129.1% in 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 period. Fifth Third Bancorp purchased a new position in BILL during the 4th quarter worth $27,000. Brooklyn Investment Group purchased a new position in BILL during the 3rd quarter worth $28,000. Finally, Global Retirement Partners LLC increased its holdings in BILL by 12,566.7% during the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock worth $32,000 after purchasing an additional 377 shares during the period. 97.99% of the stock is currently 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.