Robert W. Baird Issues Positive Forecast for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL) had its target price hoisted by Robert W. Baird from $74.00 to $100.00 in a report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

BILL has been the subject of a number of other research reports. UBS Group reduced their target price on shares of BILL from $85.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Piper Sandler boosted their target price on shares of BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of BILL in a research report on Friday, August 23rd. Wells Fargo & Company reduced their target price on shares of BILL from $60.00 to $45.00 and set an “underweight” rating for the company in a research report on Tuesday, August 20th. Finally, Mizuho cut their price objective on shares of BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $78.28.

BILL Price Performance

NYSE:BILL opened at $88.48 on Tuesday. BILL has a one year low of $43.11 and a one year high of $94.28. The company has a market cap of $9.16 billion, a P/E ratio of -268.12 and a beta of 1.72. The firm’s fifty day moving average price is $67.58 and its two-hundred day moving average price is $57.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53.

Insider Activity

In other news, SVP Germaine Cota sold 1,525 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the transaction, the senior vice president now owns 5,348 shares of the company’s stock, valued at $417,090.52. This represents a 22.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Alison Wagonfeld sold 779 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total value of $70,110.00. Following the completion of the transaction, the director now directly owns 259 shares of the company’s stock, valued at $23,310. This represents a 75.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,823 shares of company stock valued at $218,887 over the last quarter. 4.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Y Intercept Hong Kong Ltd increased its stake in shares of BILL by 62.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 16,587 shares of the company’s stock valued at $875,000 after buying an additional 6,355 shares during the period. Pier Capital LLC acquired a new stake in BILL during the 3rd quarter valued at approximately $5,400,000. National Bank of Canada FI acquired a new stake in BILL during the 3rd quarter valued at approximately $1,535,000. Washington Harbour Partners LP acquired a new stake in BILL during the 3rd quarter valued at approximately $533,000. Finally, Weiss Asset Management LP increased its position in BILL by 156.0% during the 3rd quarter. Weiss Asset Management LP now owns 158,405 shares of the company’s stock valued at $8,357,000 after purchasing an additional 96,540 shares during the period. Institutional investors and hedge funds own 97.99% of the company’s stock.

About BILL

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.