BTIG Research Begins Coverage on BILL (NYSE:BILL)

Equities researchers at BTIG Research assumed coverage on shares of BILL (NYSE:BILL - Get Free Report) in a report released on Wednesday, MarketBeat Ratings reports. The brokerage set a "buy" rating and a $60.00 price target on the stock. BTIG Research's price target would indicate a potential upside of 30.98% from the company's current price.

A number of other research analysts also recently commented on BILL. Susquehanna increased their target price on shares of BILL from $91.00 to $100.00 and gave the company a "positive" rating in a research report on Tuesday, January 7th. Piper Sandler reduced their target price on BILL from $85.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company cut their price target on BILL from $57.00 to $43.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. Canaccord Genuity Group reissued a "buy" rating and issued a $105.00 price objective on shares of BILL in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods cut their target price on shares of BILL from $77.00 to $54.00 and set a "market perform" rating on the stock in a report on Monday, March 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, BILL has a consensus rating of "Moderate Buy" and an average target price of $69.28.

BILL Stock Up 1.1 %

Shares of BILL stock traded up $0.51 during trading on Wednesday, hitting $45.81. 554,617 shares of the stock were exchanged, compared to its average volume of 2,249,587. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of -4,583.50, a price-to-earnings-growth ratio of 29.46 and a beta of 1.44. The firm's 50-day moving average price is $45.41 and its 200 day moving average price is $67.84. 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 has a 12-month low of $36.55 and a 12-month high of $100.19.

BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings data 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 return on equity of 1.53% and a net margin of 5.90%. As a group, analysts forecast that BILL will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BILL

A number of large investors have recently bought and sold shares of BILL. Versant Capital Management Inc increased its holdings in shares of BILL by 26.7% during the 4th quarter. Versant Capital Management Inc now owns 1,615 shares of the company's stock worth $137,000 after buying an additional 340 shares during the last quarter. GAMMA Investing LLC increased its stake in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company's stock worth $26,000 after acquiring an additional 131 shares during the last quarter. Everence Capital Management Inc. purchased a new position in shares of BILL in the 4th quarter worth about $264,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of BILL in the 4th quarter valued at about $239,000. Finally, Gateway Investment Advisers LLC acquired a new position in shares of BILL in the 4th quarter valued at about $1,832,000. Hedge funds and other 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.