KeyCorp Has Lowered Expectations for BILL (NYSE:BILL) Stock Price

BILL (NYSE:BILL - Free Report) had its price objective decreased by KeyCorp from $70.00 to $60.00 in a research report report published on Wednesday,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

A number of other research analysts have also recently commented on BILL. Susquehanna increased their price target 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. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 target price on shares of BILL in a report on Monday, March 17th. The Goldman Sachs Group lowered their price target on shares of BILL from $90.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Mizuho decreased their price objective on BILL from $70.00 to $53.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Oppenheimer dropped their target price on BILL from $110.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $69.28.

BILL Price Performance

Shares of NYSE:BILL traded down $0.20 during trading on Wednesday, reaching $45.29. The company had a trading volume of 2,034,738 shares, compared to its average volume of 2,276,687. The company has a fifty day moving average of $45.41 and a two-hundred day moving average of $67.68. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $4.62 billion, a P/E ratio of -4,529.00, a price-to-earnings-growth ratio of 29.46 and a beta of 1.88. 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 results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. Equities research analysts forecast that BILL will post 0.12 earnings per share for the current year.

Institutional Trading of BILL

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company's stock valued at $26,000 after purchasing an additional 131 shares during the period. Crewe Advisors LLC lifted its position in BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company's stock valued at $26,000 after buying an additional 173 shares during the period. Fifth Third Bancorp bought a new stake in shares of BILL during the 4th quarter valued at $27,000. CoreCap Advisors LLC purchased a new stake in shares of BILL in the 4th quarter worth about $30,000. Finally, Global Retirement Partners LLC increased its stake in shares of BILL by 12,566.7% in the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock worth $32,000 after acquiring an additional 377 shares in the last quarter. 97.99% of the stock is owned by 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.