BILL (NYSE:BILL) Price Target Cut to $52.00 by Analysts at Robert W. Baird

BILL (NYSE:BILL - Free Report) had its price target reduced by Robert W. Baird from $55.00 to $52.00 in a report published on Friday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Several other research firms have also weighed in on BILL. Mizuho lowered their price objective on shares of BILL from $53.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, May 12th. Piper Sandler lowered their price objective on shares of BILL from $85.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Needham & Company LLC restated a "buy" rating and set a $75.00 price objective on shares of BILL in a research note on Thursday, June 26th. Wells Fargo & Company reduced their target price on shares of BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a report on Friday, May 9th. Finally, Citigroup reduced their target price on shares of BILL from $88.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, BILL presently has an average rating of "Hold" and a consensus price target of $62.10.

BILL Trading Down 3.3%

Shares of NYSE BILL traded down $1.55 during midday trading on Friday, reaching $45.86. 2,504,313 shares of the stock were exchanged, compared to its average volume of 2,364,736. The business has a 50-day simple moving average of $45.35 and a two-hundred day simple moving average of $54.67. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of -382.13, a P/E/G ratio of 9.71 and a beta of 1.35. BILL has a 12 month low of $36.55 and a 12 month high of $100.19. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69.

BILL (NYSE:BILL - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.13. BILL had a net margin of 2.70% and a return on equity of 1.21%. The firm had revenue of $358.22 million for the quarter, compared to analyst estimates of $355.85 million. During the same period in the previous year, the business earned $0.60 EPS. The company's revenue was up 10.9% compared to the same quarter last year. As a group, equities research analysts expect that BILL will post 0.12 EPS for the current year.

Insider Activity at BILL

In other news, SVP Germaine Cota sold 1,718 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $42.55, for a total transaction of $73,100.90. Following the completion of the sale, the senior vice president directly owned 9,512 shares in the company, valued at $404,735.60. This represents a 15.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Rajesh A. Aji sold 1,780 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total transaction of $80,545.00. Following the completion of the sale, the insider owned 9,298 shares of the company's stock, valued at $420,734.50. The trade was a 16.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company's stock.

Institutional Trading of BILL

Several hedge funds have recently added to or reduced their stakes in BILL. Taylor Frigon Capital Management LLC grew its stake in BILL by 21.8% during the second quarter. Taylor Frigon Capital Management LLC now owns 45,414 shares of the company's stock valued at $2,101,000 after acquiring an additional 8,131 shares in the last quarter. UMB Bank n.a. grew its stake in BILL by 283.3% during the second quarter. UMB Bank n.a. now owns 1,215 shares of the company's stock valued at $56,000 after acquiring an additional 898 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in BILL by 57.4% during the second quarter. Assenagon Asset Management S.A. now owns 82,690 shares of the company's stock valued at $3,825,000 after acquiring an additional 30,158 shares in the last quarter. Voya Investment Management LLC grew its stake in BILL by 29.7% during the first quarter. Voya Investment Management LLC now owns 58,463 shares of the company's stock valued at $2,683,000 after acquiring an additional 13,375 shares in the last quarter. Finally, Strs Ohio bought a new stake in BILL during the first quarter valued at approximately $10,892,000. Institutional investors own 97.99% of the company's stock.

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.