BILL (NYSE:BILL) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of BILL (NYSE:BILL) in a report released on Monday,Benzinga reports. The firm currently has a $100.00 price objective on the stock.

A number of other brokerages have also weighed in on BILL. Morgan Stanley upgraded BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research note on Thursday, January 16th. Wells Fargo & Company cut their price target on shares of BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research note on Friday, February 7th. KeyCorp lowered their price objective on shares of BILL from $115.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Mizuho increased their target price on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, The Goldman Sachs Group cut their price objective on BILL from $104.00 to $90.00 and set a “buy” rating for the company 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 given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $80.89.

BILL Stock Performance

Shares of BILL opened at $48.03 on Monday. BILL has a 1 year low of $42.82 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. The stock’s fifty day moving average price is $69.08 and its two-hundred day moving average price is $70.14. The firm has a market cap of $4.90 billion, a PE ratio of -4,802.60, a PEG ratio of 29.46 and a beta of 2.00.

BILL (NYSE:BILL) last announced its quarterly 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, equities research analysts forecast that BILL will post 0.12 EPS for the current year.

Institutional Investors Weigh In On BILL

Several institutional investors and hedge funds have recently modified their holdings of BILL. Pinnacle Wealth Planning Services Inc. bought a new stake in BILL during the 4th quarter valued at approximately $217,000. Public Employees Retirement System of Ohio bought a new position in BILL in the fourth quarter worth $2,933,000. JT Stratford LLC purchased a new position in BILL during the fourth quarter valued at $369,000. Castleark Management LLC bought a new stake in shares of BILL during the 4th quarter valued at $5,907,000. Finally, Vident Advisory LLC purchased a new stake in shares of BILL in the 4th quarter worth about $281,000. 97.99% of the stock is 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.