BILL (NYSE:BILL) Given New $60.00 Price Target at Robert W. Baird

BILL (NYSE:BILLGet Free Report) had its price objective dropped by equities researchers at Robert W. Baird from $74.00 to $60.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 16.99% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. William Blair restated a “market perform” rating on shares of BILL in a research note on Friday, May 3rd. Mizuho lowered their price target on shares of BILL from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Monday, May 6th. Canaccord Genuity Group reiterated a “buy” rating and set a $100.00 price target on shares of BILL in a report on Friday, May 3rd. BNP Paribas upgraded shares of BILL from an “underperform” rating to a “neutral” rating and set a $72.00 price target for the company in a report on Wednesday, March 13th. Finally, Jefferies Financial Group lowered their price target on shares of BILL from $95.00 to $80.00 and set a “buy” rating for the company in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $96.65.

Check Out Our Latest Stock Analysis on BILL

BILL Stock Up 0.5 %

NYSE BILL opened at $51.29 on Friday. The business has a fifty day moving average price of $60.56 and a two-hundred day moving average price of $67.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.63 and a quick ratio of 1.63. BILL has a fifty-two week low of $50.41 and a fifty-two week high of $139.50. The stock has a market capitalization of $5.44 billion, a PE ratio of -64.92 and a beta of 1.68.

BILL (NYSE:BILLGet Free Report) last released its earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.17. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. The firm had revenue of $323.03 million during the quarter, compared to analysts’ expectations of $305.23 million. Equities analysts expect that BILL will post -0.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Germaine Cota sold 920 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $65.34, for a total transaction of $60,112.80. Following the completion of the sale, the senior vice president now owns 5,093 shares in the company, valued at approximately $332,776.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On BILL

Large investors have recently modified their holdings of the stock. Quest Partners LLC purchased a new position in BILL in the 4th quarter valued at approximately $35,000. Advisors Asset Management Inc. grew its stake in BILL by 75.0% in the 1st quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after buying an additional 282 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in BILL by 57.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock valued at $56,000 after buying an additional 295 shares in the last quarter. Garner Asset Management Corp purchased a new position in BILL in the 4th quarter valued at approximately $90,000. Finally, Sands Capital Management LLC purchased a new position in BILL in the 3rd quarter valued at approximately $136,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Company Profile

(Get Free Report)

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.

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