BILL (NYSE:BILL) Price Target Cut to $74.00 by Analysts at Robert W. Baird

BILL (NYSE:BILL) had its target price lowered by research analysts at Robert W. Baird from $78.00 to $74.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 20.78% from the stock’s current price.

A number of other brokerages have also commented on BILL. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of BILL in a report on Friday, February 9th. JPMorgan Chase & Co. dropped their price target on BILL from $93.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. BNP Paribas upgraded BILL from an “underperform” rating to a “neutral” rating and set a $72.00 price target on the stock in a report on Wednesday, March 13th. Oppenheimer boosted their target price on BILL from $75.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Finally, Citigroup boosted their target price on BILL from $85.00 to $86.00 and gave the company a “buy” rating in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $103.57.

BILL Stock Up 1.1 %

BILL stock opened at $61.27 on Monday. BILL has a twelve month low of $51.94 and a twelve month high of $139.50. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average is $64.44 and its 200-day moving average is $73.26. The firm has a market capitalization of $6.44 billion, a PE ratio of -56.73, a P/E/G ratio of 80.23 and a beta of 1.66.

BILL (NYSE:BILL) last posted its earnings results on Thursday, February 8th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. The company had revenue of $318.50 million for the quarter, compared to analyst estimates of $296.62 million. BILL had a positive return on equity of 0.29% and a negative net margin of 9.67%. Sell-side analysts expect that BILL will post 0.03 EPS for the current fiscal year.

Insider Activity

In related news, SVP Germaine Cota sold 920 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $65.34, for a total transaction of $60,112.80. Following the completion of the transaction, the senior vice president now directly owns 5,093 shares in the company, valued at $332,776.62. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On BILL

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in BILL by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 9,881,532 shares of the company’s stock worth $806,234,000 after purchasing an additional 162,428 shares during the last quarter. Lone Pine Capital LLC lifted its stake in BILL by 39.7% during the third quarter. Lone Pine Capital LLC now owns 2,546,689 shares of the company’s stock worth $276,494,000 after purchasing an additional 723,151 shares during the last quarter. Coatue Management LLC bought a new stake in BILL during the fourth quarter worth about $163,218,000. Abdiel Capital Advisors LP lifted its stake in BILL by 16.6% during the fourth quarter. Abdiel Capital Advisors LP now owns 1,711,392 shares of the company’s stock worth $139,632,000 after purchasing an additional 243,788 shares during the last quarter. Finally, Norges Bank bought a new stake in BILL during the fourth quarter worth about $95,702,000. 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.