BILL (NYSE:BILL) Price Target Raised to $60.00

Key Points

• Citigroup raised BILL’s price target from $55 to $60 and maintained a Buy rating, implying about 11% upside from the share price cited in the article.
• Analyst sentiment is broadly positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $58.82, with 10 Buy, seven Hold, and one Sell rating.
• BILL reported quarterly EPS of $1.18, beating the $0.98 estimate, but revenue of $353.77 million fell short of the $438.62 million forecast and declined 10.6% year over year.

BILL (NYSE:BILL - Get Free Report) had its target price upped by stock analysts at Citigroup from $55.00 to $60.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Citigroup's price target indicates a potential upside of 10.98% from the company's current price.

BILL has been the topic of a number of other reports. Weiss Ratings lowered BILL from a "sell (d+)" rating to a "sell (d)" rating in a research note on Monday, August 31st. BTIG Research reissued a "buy" rating and issued a $60.00 price objective on shares of BILL in a research note on Thursday, August 20th. Jefferies Financial Group lowered BILL from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. Wolfe Research lifted their target price on shares of BILL from $57.00 to $60.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 25th. Finally, Oppenheimer upped their target price on shares of BILL from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, BILL has a consensus rating of "Moderate Buy" and a consensus target price of $58.82.

BILL Price Performance

Shares of BILL traded up $1.65 during mid-day trading on Monday, hitting $54.06. 466,198 shares of the company were exchanged, compared to its average volume of 2,379,233. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 105.49, a price-to-earnings-growth ratio of 0.76 and a beta of 1.08. BILL has a 1-year low of $31.41 and a 1-year high of $57.21. The company has a 50 day moving average of $47.26 and a 200-day moving average of $42.70. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 1.50.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.20. BILL had a return on equity of 5.83% and a net margin of 3.23%. The company had revenue of $353.77 million for the quarter, compared to analysts' expectations of $438.62 million. During the same period in the previous year, the firm posted $0.61 EPS. BILL's revenue was down 10.6% compared to the same quarter last year. BILL has set its FY 2027 guidance at 3.990-4.150 EPS and its Q2 2027 guidance at 0.970-1.010 EPS. Analysts expect that BILL will post 2.29 EPS for the current fiscal year.

Insider Activity at BILL

In other news, CEO Rene Lacerte sold 141,256 shares of the company's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $48.42, for a total value of $6,839,615.52. Following the completion of the sale, the chief executive officer directly owned 100,899 shares in the company, valued at $4,885,529.58. This represents a 58.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Cieri sold 10,754 shares of the company's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $49.13, for a total value of $528,344.02. Following the completion of the sale, the insider owned 997 shares of the company's stock, valued at $48,982.61. This trade represents a 91.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 267,997 shares of company stock worth $13,057,984. Insiders own 14.50% of the company's stock.

Institutional Trading of BILL

Several large investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. raised its stake in BILL by 27.0% during the third quarter. Hantz Financial Services Inc. now owns 4,095 shares of the company's stock worth $174,000 after purchasing an additional 870 shares during the period. Maryland State Retirement & Pension System acquired a new position in BILL in the 3rd quarter valued at about $200,000. Allspring Global Investments Holdings LLC acquired a new position in BILL in the 3rd quarter valued at about $35,983,000. CenterBook Partners LP purchased a new stake in shares of BILL in the 3rd quarter valued at approximately $449,000. Finally, Chicago Partners Investment Group LLC purchased a new stake in shares of BILL in the 3rd quarter valued at approximately $472,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

About BILL

BILL NYSE: BILL, formerly known as Bill.com, provides cloud-based financial operations software for small and midsize businesses and the accounting firms that support them. Its platform helps organizations manage accounts payable and accounts receivable, digitize invoices, and automate financial workflows.

Products and services include tools for invoice processing, bill payment, customer invoicing, payment collection, and spend and expense management. BILL also connects businesses with suppliers, customers, and accounting software, helping reduce manual data entry and coordinate financial information.

Founded in 2006 by René Lacerte, the company is headquartered in San Jose, California.

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