BILL (NYSE:BILL) Receives "Buy" Rating from Needham & Company LLC

BILL (NYSE:BILL - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Needham & Company LLC in a research note issued on Thursday,Benzinga reports. They currently have a $75.00 target price on the stock. Needham & Company LLC's target price would suggest a potential upside of 67.26% from the stock's previous close.

BILL has been the subject of several other reports. Wells Fargo & Company lowered their price objective on shares of BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a research note on Friday, May 9th. Piper Sandler decreased 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. KeyCorp cut their target price on shares of BILL from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Oppenheimer upped their price target on shares of BILL from $50.00 to $55.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Finally, Morgan Stanley downgraded BILL from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $60.00 to $55.00 in a report on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, BILL has an average rating of "Moderate Buy" and an average price target of $62.75.

BILL Stock Down 1.0%

Shares of NYSE BILL opened at $44.84 on Thursday. The firm's 50 day moving average price is $44.56 and its 200 day moving average price is $59.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $4.62 billion, a P/E ratio of -373.64, a price-to-earnings-growth ratio of 11.39 and a beta of 1.36. BILL has a 1 year low of $36.55 and a 1 year high of $100.19.

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

Insider Activity at BILL

In other news, SVP Germaine Cota sold 1,718 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $42.55, for a total value of $73,100.90. Following the sale, the senior vice president now owns 9,512 shares in the company, valued at approximately $404,735.60. This represents a 15.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.20% of the stock is currently owned by corporate insiders.

Institutional Trading of BILL

Several institutional investors and hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC acquired a new stake in shares of BILL during the fourth quarter worth $30,000. Global Retirement Partners LLC boosted its position in BILL by 12,566.7% during the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock valued at $32,000 after purchasing an additional 377 shares during the period. Coppell Advisory Solutions LLC grew its stake in BILL by 202.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock worth $32,000 after buying an additional 247 shares during the last quarter. GeoWealth Management LLC acquired a new stake in BILL in the fourth quarter worth $32,000. Finally, Fifth Third Bancorp increased its position in BILL by 134.1% in the first quarter. Fifth Third Bancorp now owns 749 shares of the company's stock worth $34,000 after buying an additional 429 shares during the period. Institutional investors and hedge funds 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.

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