TD Cowen Forecasts Strong Price Appreciation for BILL (NYSE:BILL) Stock

Key Points

• TD Cowen raised its BILL price target to $66 from $59 and maintained a Buy rating, implying 24.79% upside from the prior close.
• Analyst sentiment is broadly positive: BILL has a Moderate Buy consensus rating and an average price target of $58.94, based on 10 Buy, 7 Hold, and 1 Sell rating.
• BILL beat quarterly EPS estimates ($1.18 versus $0.98), but revenue fell 10.6% year over year and came in below analysts’ estimates.

BILL (NYSE:BILL - Get Free Report) had its price target increased by equities researchers at TD Cowen from $59.00 to $66.00 in a report released on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. TD Cowen's price objective suggests a potential upside of 24.79% from the company's previous close.

A number of other analysts have also recently weighed in on BILL. Wolfe Research raised their target price on shares of BILL from $57.00 to $60.00 and gave the stock an "outperform" rating in a report on Tuesday, August 25th. Keefe, Bruyette & Woods lifted their price objective on BILL from $52.00 to $58.00 and gave the company a "market perform" rating in a research report on Friday. Jefferies Financial Group downgraded BILL from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. UBS Group upped their target price on BILL from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, August 20th. Finally, Weiss Ratings lowered BILL from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday, August 31st. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $58.94.

BILL Stock Up 0.9%

Shares of BILL traded up $0.48 during midday trading on Monday, hitting $52.89. The company had a trading volume of 136,780 shares, compared to its average volume of 2,377,648. BILL has a 52 week low of $31.41 and a 52 week high of $57.21. The company has a quick ratio of 1.51, a current ratio of 1.50 and a debt-to-equity ratio of 0.52. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 103.35, a PEG ratio of 0.76 and a beta of 1.08. The company's 50 day moving average price is $47.26 and its 200 day moving average price is $42.70.

BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.98 by $0.20. The business had revenue of $353.77 million during the quarter, compared to analyst estimates of $438.62 million. BILL had a net margin of 3.23% and a return on equity of 5.83%. The company's quarterly revenue was down 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. BILL has set its FY 2027 guidance at 3.990-4.150 EPS and its Q2 2027 guidance at 0.970-1.010 EPS. On average, equities research analysts predict that BILL will post 2.29 EPS for the current year.

Insider Transactions at BILL

In other news, CEO Rene A. Lacerte sold 42,248 shares of BILL stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $50.17, for a total value of $2,119,582.16. Following the transaction, the chief executive officer directly owned 163,125 shares in the company, valued at approximately $8,183,981.25. The trade was a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Cieri sold 10,754 shares of the company's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $49.13, for a total value of $528,344.02. Following the transaction, the insider owned 997 shares of the company's stock, valued at approximately $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. Insiders have sold 267,997 shares of company stock valued at $13,057,984 over the last 90 days. Corporate insiders own 14.50% of the company's stock.

Institutional Investors Weigh In On BILL

Hedge funds and other institutional investors have recently modified their holdings of the stock. Maryland State Retirement & Pension System bought a new position in BILL during the third quarter worth about $200,000. Allspring Global Investments Holdings LLC bought a new stake in shares of BILL in the 3rd quarter valued at approximately $35,983,000. CenterBook Partners LP bought a new stake in shares of BILL in the 3rd quarter valued at approximately $449,000. Chicago Partners Investment Group LLC bought a new stake in shares of BILL in the 3rd quarter valued at approximately $472,000. Finally, Signature Equity Partners LLC raised its holdings in shares of BILL by 17,760.0% in the 3rd quarter. Signature Equity Partners LLC now owns 893 shares of the company's stock worth $38,000 after buying an additional 888 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company's stock.

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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