Piper Sandler Issues Pessimistic Forecast for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL) had its price target cut by Piper Sandler from $85.00 to $70.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price target suggests a potential upside of 68.61% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Susquehanna raised their price objective on shares of BILL from $91.00 to $100.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Canaccord Genuity Group reissued a “buy” rating and set a $105.00 price objective on shares of BILL in a report on Friday, February 7th. Robert W. Baird lowered their target price on shares of BILL from $82.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, April 4th. Wells Fargo & Company reduced their price target on shares of BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Finally, Mizuho raised their target price on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.61.

BILL Trading Up 0.4 %

Shares of BILL stock opened at $41.52 on Thursday. The company has a 50-day moving average of $51.62 and a two-hundred day moving average of $68.90. The firm has a market cap of $4.23 billion, a PE ratio of -4,151.70, a price-to-earnings-growth ratio of 29.46 and a beta of 1.88. BILL has a 1-year low of $36.55 and a 1-year high of $100.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66.

BILL (NYSE:BILL) last posted its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. On average, analysts predict that BILL will post 0.12 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in shares of BILL by 10.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company’s stock valued at $1,091,019,000 after purchasing an additional 1,241,432 shares during the period. Groupama Asset Managment raised its stake in BILL by 162.8% during the fourth quarter. Groupama Asset Managment now owns 5,650,000 shares of the company’s stock worth $478,611,000 after purchasing an additional 3,500,000 shares during the period. Geode Capital Management LLC boosted its holdings in shares of BILL by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company’s stock valued at $137,528,000 after purchasing an additional 119,711 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of BILL by 112.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company’s stock valued at $136,421,000 after buying an additional 852,863 shares during the period. Finally, Greenhouse Funds LLLP increased its holdings in shares of BILL by 0.8% during the 4th quarter. Greenhouse Funds LLLP now owns 1,396,617 shares of the company’s stock worth $118,307,000 after buying an additional 11,002 shares during the last quarter. 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.