Keefe, Bruyette & Woods Has Lowered Expectations for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL) had its target price decreased by analysts at Keefe, Bruyette & Woods from $77.00 to $54.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 18.01% from the company’s current price.

BILL has been the topic of a number of other research reports. Morgan Stanley upgraded BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a research note on Thursday, January 16th. Robert W. Baird upped their price objective on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Piper Sandler restated an “overweight” rating and set a $85.00 target price on shares of BILL in a research note on Friday, February 7th. KeyCorp decreased their price target on shares of BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Finally, Oppenheimer lowered their price target on shares of BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.61.

BILL Stock Performance

Shares of BILL stock opened at $45.76 on Monday. The stock has a market cap of $4.66 billion, a P/E ratio of -4,575.90, a P/E/G ratio of 29.46 and a beta of 2.00. The company has a fifty day moving average price of $62.28 and a two-hundred day moving average price of $69.90. BILL has a one year low of $42.82 and a one 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 issued its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) 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%. As a group, equities analysts predict that BILL will post 0.12 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BILL. GAMMA Investing LLC increased its holdings in BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after buying an additional 131 shares during the period. Crewe Advisors LLC boosted its position in shares of BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of BILL during the 4th quarter worth approximately $27,000. CoreCap Advisors LLC bought a new position in BILL in the fourth quarter valued at approximately $30,000. Finally, Coppell Advisory Solutions LLC raised its position in BILL by 202.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock valued at $32,000 after purchasing an additional 247 shares in the last quarter. Institutional investors 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.